From the category archives:
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.
Continue Reading: Federal Cash to Rehabilitate Bank Foreclosed Home Listings
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.
Continue Reading: Programs to Help Stem Lists of Bank Foreclosures
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.
Continue Reading: Community Groups Intensify Efforts to Stem Foreclosures Homes
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.
Continue Reading: Billions More for Foreclosed Housing Prevention Program
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.
Continue Reading: Stimulus Funds to Help Contain Repo List
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.
Continue Reading: Laws to Help Homeowners and Contain Repo Home Listings
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.
Continue Reading: Fed Money to Buy and Gear up Repossessed Houses for Sale
Kent County and the cities of Great Rapids and Wyoming in Michigan received over $11 million from the Neighborhood Stabilization Program. The funds will be utilized to buy homes in Bank Forclosure List in neighborhoods greatly affected by the foreclosure crisis.
Continue Reading: Funding to Renovate Properties on Bank Foreclosure List
Hopes are pinned on the foreclosure prevention plan of President Barack Obama to help reduce the number of foreclosed, cheap houses for sale which is being blamed for the abysmal performance of the housing market for the past two years now.
Continue Reading: Relief Plan to Stem Foreclosed, Cheap Houses for Sale
President Barack Obama is expected to release details of his $50 billion foreclosure prevention program, a day after he signed the $787 billion economic recovery bill.
The plan is expected to include measures to reduce the number of foreclosed homes and to create national standards for home loan modification.
Continue Reading: Investors Await Details of Obama’s Foreclosure Prevention Plan
You are currently browsing the archives for the Foreclosure Help category.