From the category archives:

Foreclosure Help

Opposing Predatory Loans to Reduce Foreclosed House Listings

by Elizabeth Rush on November 5, 2009

Reverend Jesse Jackson, a civil-rights activist and former presidential candidate, has called on churchgoers at the Friendship Baptist Church to help trim down foreclosure house listings by opposing predatory lending.

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Modification Help Trim Down Foreclosure Home Listing

by Jason MacDowell on November 3, 2009

It seems that loan modification is turning out to be a popular method of curtailing foreclosure home listing in Saint Louis, Missouri.

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The way Philadelphia foreclosure listings are being contained by the city and state governments is being studied by the Obama administration for its plan of further improving its foreclosure prevention program.

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Federal Cash to Rehabilitate Bank Foreclosed Home Listings

by Elizabeth Rush on August 31, 2009

The Lee County and the Florida cities of Fort Myers and Cape Coral are expected to purchase properties on bank foreclosed home listings for rehabilitation. Already, a number of contractors are competing for a chance to renovate foreclosed homes in these counties. The initiative also means more job opportunities in the area.

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Programs to Help Stem Lists of Bank Foreclosures

by William Dover on July 14, 2009

A report by the State Foreclosure Prevention Working Group of the Conference of State Bank Supervisors indicated that about 80 percent of troubled borrowers were not availing of loan modification programs being offered through lenders to stem the tide of distressed properties on lists of bank foreclosures.

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Foreclosures homes are everywhere in Philadelphia, Pennsylvania It has wreaked havoc on lives of both rich and poor people. This trend prompted several community groups to step up and intensify their efforts to identify struggling homeowners before they abandon or lose their homes to foreclosures.

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Billions of dollars more would become available for the Obama administration’s foreclosed housing prevention program if lawmakers allocate a portion of what was left in the $700-billion financial industry bailout program enacted by the U.S. Congress in 2008 to the program.

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Stimulus Funds to Help Contain Repo List

by William Dover on July 7, 2009

Mississippi local governments, nonprofits, businesses and organizations, including the Vicksburg Housing Authority, will be able to receive about $35 million to buy properties on repo list to be demolished or refurbished and sell.

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Laws to Help Homeowners and Contain Repo Home Listings

by Jason MacDowell on July 5, 2009

President Barack Obama has signed into law two housing measures aimed at helping distressed homeowners avoid placing their properties on repo home listings. The two laws are not expected to totally eradicate the foreclosure problem but they may contain the growing repo home listings and put a block on fraudulent foreclosure prevention schemes.

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States and cities are just starting to spend the millions they received from the federal Neighborhood Stabilization Program to buy repossessed houses for sale, rehabilitate them and then sell them to lower-income families.

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