All Entries in the "Foreclosure" Category
New York Creates Borrowers’ Bill of Rights
Just how much trouble are mortgage borrowers having with their loan servicers? These are the companies that send the monthly bills, foreclose when the payments don’t come…
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HUD to award $79 million in grants to reduce foreclosures and help families
U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced Thursday that $79 million in federal grants will be made available to reduce foreclosures and assist families looking for housing.
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5 states get $600M for foreclosure prevention
The Obama administration has released $600 million in TARP funds that are intended to help state Housing Finance Agencies assist an estimated 50,000 homeowners facing foreclosure in five states hit hard by unemployment.
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Homeowners Associations: The New Foreclosure
“I had no idea that they could foreclose,” Tony Goodman tells me. Neither did I, but Goodman’s homeowners association did just that in April because he owed $769 in back dues.
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Despite making wise financial decisions, most homeowners still face foreclosure
Some homeowners are facing foreclosure not as a result of predatory lending or unpaid credit card balances, but because of unrelenting economic conditions.
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A look at state foreclosure rates from Jan.-June
Here is a list of foreclosure rates, by state, from January through June.
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Taking the hit-or-miss out of a short sale
The federal government’s Home Affordable Foreclosure Alternatives program, or HAFA, announced in April, may actually achieve some success where its predecessors have failed.
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Indictments Announced In Mortgage Rescue Scam
Marisol Perez, 48, of Las Vegas, was indicted on charges of four felony counts of theft in connection with the operation of We Save Your Home, LLC, a foreclosure rescue business located in Las Vegas.
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Prevent Foreclosure? Not Easy With Bank Of America!
Homeowners in Chicago hoping to prevent foreclosure might stand a better chance if their lender is any other than Bank of America.
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Facing foreclosure? Don’t lose hope
Homeowners struggling to meet their mortgage payments should not wait until they default on a payment before speaking to their lender. Hope and help are available.
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Banks can relieve mortgage crisis by giving homeowners a break
With foreclosure rates at unprecedented levels, it may be time for banks to stop applying one-size-fits-all policies and work with homeowners to keep them in their homes.
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