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Paulson Wants to Reserve Foreclosure Fund for Obama
0000-00-00 00:00:00 At a Congressional hearing last Tuesday, Treasury Secretary Henry Paulson said that the remaining Troubled Asset Relief Program (TARP) should be saved for the Obama administration “for flexibility”. The TARP uses money from a $700 billion rescue plan for foreclosure prevention. So far, Paulson has allocated $290 billion of the first ... More About: Foreclosure , Fund
HUD Tips on How to Avoid Foreclosure
0000-00-00 00:00:00 Homeowners who default on their loans and are having difficulty catching up with their debts should take heed of these tips from the U.S. Department of Housing and Urban Development (HUD) on how to avoid a foreclosure pitfall. Your financial situation has changed due to loss of job, increase in taxes, ... More About: Tips , Foreclosure , Avoid
Foreclosures Would Cost More than Keeping People in Their Homes
0000-00-00 00:00:00 The U.S. Treasury Department has already used billions of dollars from the $700 federal bailout fund called the Troubled Asset Relief Program (TARP) to help banking giants and financial institutions deal with the current financial crisis. However, several sectors have criticized the government for these actions, blaming them for not taking ... More About: People , Foreclosures , Cost , Homes
Democrats: Pro FDIC Loan Plan
0000-00-00 00:00:00 A $24 billion bailout money proposal by Federal Deposit Insurance Corporation (FDIC) to support 1.5 million struggling borrowers will supposedly prevent foreclosures through modified loans by end of year 2009. It can be recalled that the same proposal was opposed by the Bush Administration and was once again moved last ... More About: Democrats , Loan , Plan
Controlling Foreclosures: A Key to Recession
0000-00-00 00:00:00 The number of foreclosures has increased in staggering proportions since last year, with figures almost doubling in the last few months. 2007 registered 1.5 million foreclosures proceedings. This figure was almost matched during the first 6 months of 2008. If this trend goes on, more families will lose their homes ... More About: Foreclosures , Recession
FDIC’s Foreclosure Prevention Scheme Falls on Deaf Ears
0000-00-00 00:00:00 The Federal Insurance Agency (FDIC) guaranteed to share up to 50 percent of losses with mortgage companies which consent to refinance home loans that meet specific requirements. The scheme hopes to prevent an estimated 1.5 million mortgage home foreclosures, and modify about 2.2 million mortgage loans. FDIC’s proposal would entail ... More About: Foreclosure , Prevention , Ears , Falls
A Guide on Buying Foreclosures in Richardson
0000-00-00 00:00:00 Foreclosures in Richardson continue to be a problem. However, with relief in the housing sector expected some time soon, and with prices of foreclosure homes being lower than prices of homes not affected with foreclosure, many people are looking at foreclosure homes as options that make more financial sense. Foreclosure proceedings ... More About: Buying , Foreclosures , Guide
Pre Foreclosures in Charlotte - An Overview
0000-00-00 00:00:00 If you have been contemplating about buying a house, this is as good a time to buy a house as any. With home prices in Charlotte holding steady in the recent past and with relief expected in other parts of the state as well, an increasing number of people are ... More About: Foreclosures , Overview
Housing Foreclosures Hit Maryland
0000-00-00 00:00:00 Due to the rise in the number of Maryland foreclosure homes, suddenly there is an alarm amongst the state senators who are now trying their very best to protect the homeowners in the state from the crisis related to the sub-prime mortgage. Now the political think tank has started to look for various avenues and ... More About: Foreclosures , Housing
Foreclosure Crisis Causing Domestic Violence
0000-00-00 00:00:00 The current mortgage crisis has been already compared to the great depression, and it is affecting thousands of lenders, homeowners, the building industry and even giants of the home industry such as Lowe’s and Home Depot. But recent reports had shown that the foreclosure crisis is not only causing people to lose their homes, but ... More About: Foreclosure , Domestic , Violence , Domestic Violence , Crisis
Foreclosure Statistics in Miami-Dade County
0000-00-00 00:00:00 Bank foreclosure is one of the biggest nightmares for any homeowner and Miami seems be reeling under a long spell of foreclosure nightmare. Foreclosure s in the state of Florida started to rise since 2005 and since then it has been taking huge leaps every year and here are some comparison statistics for Miami: Foreclosure Auctions: ... More About: Statistics , County , Dade
The future of home financing
0000-00-00 00:00:00 The current real estate crisis in America is far from over and it is affecting thousands of lenders, neighborhoods, the building industry and especially home owners. But the effects of the crisis are even worse the present problems. Home owners that are going through foreclosure today will suffer even more in the future by the bad ... More About: Financing , Future , The Future
Health Risk By Abandoned Homes Rise With Crisis
0000-00-00 00:00:00 As a result of the current real estate foreclosure crisis many lenders have repossessed more homes that they could afford, and as a result many homes are abandoned and vacant. The average rate of vacancy in the US is now at 3 percent and the problem is not only affecting lenders but are affecting the ... More About: Health , Homes , Risk , Rise , Crisis
Auto sales affected by housing crisis and high oil prices.
0000-00-00 00:00:00 The foreclosure crisis has affected thousands of homeowners, lenders, builders, as well as students who cannot qualify for student loans due to the high standards posed by mortgage companies. It seems that now its time for the auto industry to be affected by the real estate forclosure crisis. With banks and auto lenders tightening their ... More About: Sales , Auto , Housing , High , Crisis
Foreclosure Rates Higher in Brickell condominiums
0000-00-00 00:00:00 According to some of the recent reports, Miami foreclosures have completely overshadowed the South Florida real estate and housing market. As a result of high number of foreclosures in 2008, Miami is ranked second in the country where foreclosures are concerned and Brickell condos have the highest foreclosure rate locally. More About: Foreclosure , Higher , Rates , Condominiums
Difficult Times For Tampa Homeowners
0000-00-00 00:00:00 The situation is no different in the first quarter of 2008 as well. The worst hit areas are Hillsborough and Pinellas counties followed by Pasco County. Lenders in the Pasco County have sued almost 211 homeowners in the month of November 2007, which is an increase of 8% since October ... More About: Times , Tampa , Homeowners
Coping with Weak Economy and Avoiding Foreclosure
0000-00-00 00:00:00 If you are not pre-occupied with the news of the poor economy, then you must be focusing all your efforts in trying to avoid losing your home to foreclosure. The funny thing is that you need not look far for you can actually earn extra income by converting some parts ... More About: Economy , Foreclosure , Coping
Beware of Foreclosure Rescue Scams
0000-00-00 00:00:00 A lot of foreclosure rescue companies seem to be real. But, hey are actually fraudsters pretending to be foreclosure counselors who take away titles from homeowners facing foreclosure. Often, such people request you to sign this and that and make promises that in reality are too good to be true. If ... More About: Foreclosure , Scams , Rescue , Beware
Bleak Prospects for Homebuilders Due to Foreclosures
0000-00-00 00:00:00 Real estate forecasts made by industry associations, economists, homebuilders and consultants for the year 2009 point to the same realization: 2009 will still be a bleak year for the home building industry due to continued foreclosures and slow sales of home foreclosures. The North State Building Industry Association and the California ... More About: Foreclosures
Some Tips in Buying an REO
0000-00-00 00:00:00 Foreclosure issues are always around the corner. In fact, the growing number of home foreclosures every year makes the lenders/banks end up with multiple properties they are not even interested in. What banks do is resell Real Estate Owned (REO) properties. But the benefits are not ... More About: Buying , Tips
Avoiding Foreclosure and Huge Credit Card Bills
0000-00-00 00:00:00 Banks are now pushing for a proposal that would let off at much as 40 percent of credit card bill! Reason behind is the growing number of home foreclosures, which has been one of the effects of credit card debts. These rectangular plastic cards have played a big role to the ... More About: Card , Credit , Foreclosure , Credit Card , Huge
Fraudulent “foreclosure reinstatement” scheme discovered
0000-00-00 00:00:00 The Exchange Commission and Security filed fraud charges against the promoters of a real estate investment scheme that operated a fraudulent foreclosure reinstatement scheme. The scheme started in 2005 and got around $18 million in only two years. More than 600 people were caught by the scheme with the promise ... More About: Foreclosure , Reinstatement
Foreclosure Rates Higher in Brickell condominiums
0000-00-00 00:00:00 According to some of the recent reports, Miami foreclosures have completely overshadowed the South Florida real estate and housing market. As a result of high number of foreclosures in 2008, Miami is ranked second in the country where foreclosures are concerned and Brickell condos have the highest foreclosure rate locally. According ... More About: Foreclosure , Higher , Rates , Condominiums
Pre Foreclosures in Detroit - An Overview
0000-00-00 00:00:00 A large number of homes are already part of the foreclosures in Detroit . A considerable number of families are still in uncomfortable financial conditions, and mortgage payments for these families are an added burden. For some families, keeping up with the payments is turning to be impossible ... More About: Foreclosures , Overview
4 arrested in San Diego Scam
More articles from this author:0000-00-00 00:00:00 San Diego police arrested four people related to a gigantic foreclosure scam that tricked 400 home owners into paying rents and fees to a San Diego based group. The scam was based on a false foreclosure rescue plan where home owners would pay a fee to the company with the promise of help on getting ... More About: Arrested , San Diego , Scam 1, 2, 3, 4, 5, 6 |
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