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Just how many troubled homeowners are being helped by their lenders in solving foreclosure problems? Estimates say that a mere 1 in every 5 homeowners in the Valley, one of the hardest hit areas, is receiving some sort of support from their mortgage companies or banks.
Continue Reading: Anti-Foreclosure Measures Still Inadequate
Last week, the chairman of the Senate Banking Committee Chris Dodd sent a letter to President Bush, urging him to concentrate on looking for solutions to the enduring foreclosure crisis. The letter also contained criticism about the way the Bush administration handled the problems in the housing industry.
Continue Reading: Dodd Urges Bush Administration to Focus on Foreclosure Efforts
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
In a time when foreclosure has become one of the major concerns of families, the only ray of hope is provided by these foreclosure counselors.
Continue Reading: Avoiding Foreclosure is not Impossible
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
The latest victim in the foreclosure crisis proves that it isn’t just lower income families or subprime mortgage borrowers losing their homes to foreclosure. Jose Canseco, the former baseball superstar turned scandal-maker for his exposure of sterois use in major league baseball, announced Thursday that he had given up his 7,500 square foot Los Angeles mansion to bank debt seekers due to foreclosure.
Continue Reading: Ex-Baseball Star Jose Canseco Loses Home to Foreclosure
One of the reasons why there is trouble in the subprime mortgage industry is the unscrupulous behavior of predatory lenders. Because of this, mortgage fraud has become a major concern in the real estate industry. Falling victim to mortgage fraud can be quite distressing and not to mention, financially-crippling. During the last housing boom, many home buyers made the big mistake of taking out mortgage loans that ended with them losing their homes to foreclosure.
Continue Reading: Avoiding Mortgage Fraud
While the year 2007 saw more foreclosure listings come on the books in most states than in any previous years of the recent foreclosure boom, experts are now saying 2008 is primed to be even worse, and that the foreclosure listings epidemic is far from over.
Continue Reading: Despite Near record Foreclosure Listings Filings in 2007, Foreclosure Crisis Expected to Deepen in 2008
Reforming the mortgage industry is being considered as one of the most potentially effective ways to address the present foreclosure crisis. A House Bill, authored by Massachusetts Representative Barney Frank, is currently being debated in the House Financial Services Committee. The mortgage reform bill will be instrumental in preventing another foreclosure crisis in the future. Last October, consumer advocates voiced their concern that the changes in the lending guidelines do not fully address the problems in the industry.
Continue Reading: New Backers for the Mortgage Reform Bill
During the housing boom, you may have been enticed by lenders to take out a mortgage loan that comes with an adjustable rate option. Your excitement over owning a new home may have made you forget to ask your lender what this option would bring in the long term. When the interest rates started resetting, [...]
Continue Reading: When the Going Gets Tough, the Tough Stops Foreclosure
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