Archive for the 'Foreclosure Help' Category

Foreclosure Help

Will 2012 Foreclosure Rates Eclipse 2011s Numbers?

Tuesday, February 21st, 2012

Without a doubt, 2010 was the roughest year for foreclosures in America on record. That year, banks took back roughly 1.05 million home foreclosures, with 2.9 million foreclosure filings occurring. In 2011, those numbers subsided a bit, but only because the foreclosure fraud scandals of 2010 put a virtual halt to the foreclosure process across the country. As a result, only 804,000 homes were repossessed, against nearly 3 million filings.

Foreclosure Help

Foreclosure Review Deadline Extended for Foreclosure Victims

Thursday, February 16th, 2012

The Federal Reserve Board, in conjunction with the Office of the Comptroller of the Currency, has formally extended the deadline for foreclosure review by 90 days. The previous deadline was April 30th of this year; the new deadline is now July

Foreclosure Help

Who Wins with the Foreclosure Settlement? Two Words: Big Banks

Tuesday, February 14th, 2012

Those in the banking industry and in the federal government – as well as a good chunk of state attorneys general who participated in the negotiations and therefore have a lot invested professionally in the success of the deal – would say that the consumer won. After all, the banks have to pay at least $26 billion, including checks written directly to thousands of Americans and principal reductions for many homeowners who are [...]

Foreclosure Help

Why to Avoid Foreclosure Prevention Companies

Friday, January 20th, 2012

There are numerous reasons to avoid foreclosure prevention companies with scams and fees coming in at the top of the

Foreclosure Help

Foreclosure Prevention Program Falls Short

Thursday, September 29th, 2011

The federal government, to its credit, has tried several plans and enacted several programs to reduce the number of foreclosures entering the market now and in the near future. While their intentions were good, the effect has been something akin to fighting a flood by removing a few buckets of water – especially with the Emergency Homeowners’ Loan Program

Foreclosure Help

Oregon Senator and Minnesota Counseling Help with Foreclosure Relief

Friday, June 10th, 2011

Many federal and state officials extend their support to help alleviate foreclosure on many United States citizens in a combined effort with federal programming to provide foreclosure relief. Tim Collette of Oregon is fighting to keep his home until his 20-year-old son returns home for 15 days from serving in Iraq, a brief trip before he goes back to Iraq to finish his deployment. Chase bank has scheduled a foreclosure and Collette is doing all [...]

Foreclosure Help

Home Foreclosures Continue to Challenge Homeowners, Boost Foreclosure Market

Thursday, June 9th, 2011

No homeowner out there likes to hear the word 'foreclosure'. Just the thought of someone out there losing the home they worked hard to get is enough to send chills down the spine of anyone who has a home, thinking “It could be me”. And while the foreclosure market adds great buying opportunities to the table, there aren’t many people out there are who rooting for it to swell and grow even

Foreclosure Help

New Mortgage Rule Updates from Fannie Mae

Wednesday, June 8th, 2011

The way mortgage companies interact with homeowners facing foreclosure has irked numerous people throughout the nation, from homeowners themselves to bigwigs in Washington who are starting to take a close look at mortgage companies and lenders. Today, federal loan guarantor Fannie Mae announced new rules designed to change the way lenders and homeowners facing foreclosure

Foreclosure Help

U.S. Government Needs to Change Focus

Tuesday, June 7th, 2011

People across the country continue to attribute the number of current foreclosures to the banks allowing individuals to purchase homes on sub-par income as was common before the heightened government regulations and mass number of foreclosures. Although this may have been part of the reason the foreclosure inventory drastically increased over the last few years, the current foreclosures are more than likely due to high

Foreclosure Help

Ohio’s Boehner Refuses to Back Foreclosure Relief

Thursday, June 2nd, 2011

Local and state governments across the country are doing their part to create legislation to assist homeowners facing foreclosure in an effort to help the housing market make progress toward recovery. The federal government has even sponsored some programs to keep families in their homes and out of foreclosure. The Idaho Housing and Finance Association is one example of the numerous organizations accepting applications for emergency loans to [...]

Foreclosure Help

In This Foreclosure Market, No City is Safe

Wednesday, June 1st, 2011

We’ve been covering the foreclosure market and the impact it has had on cities all over the country. Despite the seriousness of the situation, and the widespread effects we’ve noticed, a few cities have seemed to defy the trend and remain relatively

Foreclosure Help

Lender Adds More Foreclosure Assistance Centers

Monday, May 9th, 2011

Bank of America (BofA) is reportedly planning to up the total of its foreclosure assistance centers from 12 to 40 across the U.S. The centers were built by the lender to provide help to mortgage holders who are under foreclosure risk. Reports revealed that hard-hit areas will be the priority of the expansion.

Foreclosure Help

Military Homeowners with Lis Pendens Foreclosure Problems Get Help

Monday, March 14th, 2011

Military personnel facing lis pendens foreclosure problems will welcome news that the Bank of America (BofA) has launched efforts designed specifically to help military homeowners. The programs are reportedly meant to help soldiers and other personnel associated with the U.S. Armed Forces to avoid foreclosure and keep their homes.

Foreclosure Help

Few Owners of Homes in Pre Foreclosure Benefit from Florida Mediation

Monday, January 17th, 2011

Homeowners facing foreclosure troubles and those who own homes in pre foreclosure in Florida were supposed to be getting help from a program launched in December 2009 wherein the state's Supreme Court had ordered lenders to meet with borrowers and try to come up with an alternative to foreclosure. However, reports showed that the program failed to fulfill its designed purpose, with only a few troubled borrowers benefitting from the program.

Foreclosure Help

Owners of Suntrust Bank Owned Foreclosures Seek Help

Monday, December 20th, 2010

The number of foreclosures, including Suntrust bank owned foreclosures, continued to increase in Buffalo, New York during the year. Aside from these types of foreclosures, the city also posted record number of homeowners seeking help for tax foreclosures, with over 1,200 owners in danger of losing their properties due to unpaid taxes.