All Entries in the "Foreclosure" Category
Who are Fannie Mae and Freddie Mac?
Fannie Mae and Freddie Mac are publicly traded companies that guarantee the majority of new mortgages in the U.S. They are key players in the government’s foreclosure-prevention initiative, most notably, the $29.9-billion Making Home Affordable program.
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The Basic Steps of Foreclosure
Each situation is different, but there are a few stages that are atypical of foreclosure.
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Foreclosure: How Can I Avoid It?
The Federal Government’s Steps to Help Homeowners Avoid Foreclosure. The federal government announced several programs over the last few years to help homeowners in need of assistance avoid foreclosure.
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Senator faults NYC over deaths in foreclosed home
City officials could have acted to prevent the fire deaths of a boy and his parents in an illegally subdivided home that fell into disrepair in the foreclosure crisis, state Sen. Jeffrey Klein said Monday, while the mayor’s office disputed the claim.
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Real estate trend – banks demolishing foreclosures rather than selling?
No more taxes, no more toxic asset, the urban renewal group in the city gets some land, and homeowners aren’t threatened by a foreclosure sitting on the market for months, impacting their values.
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What to do when foreclosure looms
Something unexpected and financially overwhelming has happened — you’ve gotten sick or your hours have been cut at work or you’ve taken on the increasingly expensive care of an elderly parent.
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HUD releases $1 Billion of Foreclosure Assistance for 27 States
The U.S. Department of Housing and Urban Development (HUD) has partnered with NeighborWorks America to launch the Emergency Homeowners’ Loan Program (EHLP) to help those at risk of losing their homes.
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5 Ways to Avoid Foreclosure
In light of the current housing market crisis facing America, the word “foreclosure” represents a very real threat and risk that is breathing down the necks of millions of Americans.
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Five Things You Should Know Before Buying A Foreclosure
By now, the general public has been exposed to so many evening news reports about foreclosures that the thought of buying one conjures up all sorts of images.
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Home sales fall even as mortgage rates touch lows for 2011
Fewer people purchased previously occupied homes in April. Activity among first-time homebuyers increased and foreclosure sales declined, but those factors weren’t enough to signal a recovery in the weak housing market.
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Banks Rush to Improve Foreclosure Practices
Under orders from U.S. regulators, 14 financial institutions have until mid-June to lay out plans to clean up their mortgage-servicing operations—and another 60 days to make the changes.
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