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Topic: Foreclosure Help
RealtyTrac credits the drop to “Foreclosure prevention policies and government legislation [which] are artificially distorting supply and demand equilibrium in the housing market.”
By Paul M. J. Suchecki
Tags: deed in lieu of foreclosure, Obama Homeowner Affordability and Stability Plan, Short Sale, ...
1 CommentAs of April 5th, the Obama Administration is adding a new Home Affordable Foreclosure Alternatives, HAFA, to its efforts to allow borrowers to avoid foreclosure through short sales or a deed-in-lieu of foreclosure option.
Mortgage applications rebounded last week, particularly refis. Purchase activity remains subdued,
By Paul M. J. SucheckiTags: CitiMortgage, deed in lieu of foreclosure, economic news, ...No CommentsContinued weakness in the housing market has caused CitiMortgage, one of the nation’s biggest home loan servicers to rethink its foreclosure prevention strategy.
In Nevada, California, Michigan, Florida and Arizona; average home prices have dropped more than 20%. The money will be shared based on a formula that factors in the number of unemployed residents and the net drop in home prices.
The deterioration in performance is really the combination of two things going on: rising unemployment that took place throughout 2009 as well as our estimate that about a third of all jumbo loans that are current are underwater in terms of the value
Nevada topped the states in foreclosure rate for the 37th straight month with one in every 95 homes getting a foreclosure notice, more than four times the national average
It’s easy to pay off the highest interest obligations first, but be aware of the consequences of shortchanging specific bills if you are short of cash. It’s better to eat rice and beans, watching over the air TV, commuting by bus, than be homeless.
Yesterday the Federal Trade Commission, in a unanimous 4-0 vote sought to protect distressed mortgage borrowers from one of the biggest sources of fraud in the loan modification business, charging homeowners upfront fees. Under the proposed rule, mortgage relief companies could only collect after providing services.
“Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t [...]
By Paul M. J. SucheckiTags: default rate, foreclosure law changes, Obama Homeowner Affordability and Stability Plan, ...2 CommentsThe National Governors Association reports that 33 states and Puerto Rico passed at least 99 new real estate laws in 2009. Sixty seven of the statutes were aimed at foreclosure relief
mortgage fraud reverse mortgage personal finance Deficiency Judgment Default Nationwide Mortgage Licensing System credit cards Short-Fi Jumbo Loan second mortgage Loan Default Short Sale bankruptcy Loss Mitigation Conforming Loan Uncategorized mortgage first time home buyer tax credit Loan to Value Real Life Stories unemployment Upside Down Obama Financial Reform Obama Housing Plan Refinance Falling Home Value Lenders home value Mortgage Revision Credit economic news Loan Modification Foreclosure Help
August 24, 2009 4 Responses
Who Will Answer the Phone? By Paul M. J. Suchecki
Comment by Jastnartest: "really great..."
December 30, 2009 11 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by rickyk4: "Hi everyone, I..."
March 10, 2010 1 Responses
New Short Sale Program By Paul M. J. Suchecki
Comment by pharmacy technician: "nice post...."
November 13, 2009 3 Responses
Foreclosure Lease Back Option By Paul M. J. Suchecki
Comment by max: "Your torque is..."
