From the category archives:
The owner and developer of Renaissance Grand Hotel in St. Louis, Missouri, HRI Properties, has presented its foreclosure forbearance proposal to bondholders, their lawyers and trustees.
Continue Reading: Renaissance Hotel Owner Presented Foreclosure Forbearance Plan to Bondholders
Homeowners facing foreclosure actually have a lot of options available to them to stop it. One of the favorite options is the short sale. Although a short sale transaction is rather simple, there are still quite a few homeowners who are confused of how it works. In order to finally understand, here is a very simple explanation.
Continue Reading: Foreclosure 101: A Review on Short Sale
In an attempt to minimize losses from the financial meltdown, the government was willing to help out these troubled investment firms in the form of a $700 billion bailout plan. Despite the huge amount, many analysts and financial experts are not sure if the amount would be enough to also provide assistance to the millions of homeowners who will be hit by the financial crisis. For this reason, New Jersey Legislature is considering its own set of bills that will further protect homeowners from foreclosure.
Continue Reading: New Jersey Legislators Step Up Efforts to Protect Homeowners from Foreclosure
In the last couple of years, the entire nation has been suffering from the effects of the enduring foreclosure crisis. With the housing market brimming with literally millions of homes in some stage of foreclosure, it is not surprising that there is also a growing number of foreclosure-related scams being reported nationwide.
Continue Reading: Foreclosure Scams Distressed Homeowners Must Avoid
If you are among the millions of Americans who are having trouble with mortgage payments, it is not the time to sit back and relax. It is very important for you to determine what you should do in order to avoid having to go through an ugly foreclosure case.
Continue Reading: Five Alternatives to Foreclosure
For the past 13 months, the housing coalition HOPE NOW has provided assistance to over 2 million distressed homeowners so that they can continue to keep their homes and stop foreclosure. This is according to the latest report released by the group.
Continue Reading: HOPE Helps 2 Million Distressed Homeowners
The increasing number of homes for sale in the market has driven down home prices dramatically. To make matters worse, the millions of foreclosure homes have also depressed home values in most neighborhoods. Because of this, may homeowners find themselves with properties whose market value is less than the mortgage debt owed.
Continue Reading: Foreclosure Option 6: Short Sale
Selling your home is a good option to explore if you want to avoid foreclosure. But considering that the market is currently unbalanced, with more supply than the demand, it is not surprising that you will be unable to do so.
Continue Reading: Foreclosure Option 5: Deed in Lieu of Foreclosure
In the past couple of years, millions of homeowners have started having problems with their mortgage payments, mainly due to the aggressive lending practices that were prevalent in the last home buying boom.
Continue Reading: Foreclosure Option 3: Loan Modification
Another option that troubled homeowners should explore if they can no longer meet their mortgage obligations is refinancing. But before you heave a sigh of relief, you should know that this option is not for everyone.
Continue Reading: Foreclosure Option 2: Re-Financing
It is not at al surprising that many homeowners are struggling to make their mortgage payments considering the unbelievably-high prices of fuel and increased cost of living. Therefore, it is not remotely impossible to find yourself with no money left to cover your mortgage payment for the month.
Continue Reading: Foreclosure Option 1: Repayment
Amidst the enduring problem in the housing industry, state and local governments are working overtime in order to provide millions of Americans with assistance in order for them to keep their homes and avoid foreclosure.
Continue Reading: Foreclosure Help in Colorado and Arizona
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