Archive for the 'Stop Foreclosures' Category

In what amounts to yet another chapter in the ongoing controversy surrounding mortgage giants Fannie Mae and Freddie Mac and foreclosures, California is petitioning the Federal Housing Finance Agency to halt foreclosure related to the two GSEs.

Loan modifications could have helped control the spread of bank foreclosure homes in Maine if only troubled homeowners could reach lenders easily and on time to save their properties from foreclosures.

Short selling a property to avoid government bank foreclosures is becoming a trend in the real estate industry. A few years back, short selling are unfamiliar words in the real estate industry. Now, it has become a byword in almost every household in the country, particularly in distressed houses.

Many distressed homeowners in Sonoma County, California are feeling frustrated about the difficulty of finding help to save their properties from bank foreclosure house sale. And a number of them are questioning why banks that receive millions of bailout funds are not doing their best to help them save their properties from foreclosures.

The Montgomery County Common Pleas Court in Ohio has been criticized for neglecting to use court-ordered mediation option to help distressed homeowners protect their properties from becoming bank foreclosure home.

Military families have to deal with the difficulty and emotional hardship of seeing their loved ones fight war overseas. And the experience is even made difficult if they are facing the possibility that their properties would be added to the growing statistics of bank foreclosed home.

For the second consecutive month, property values in San Diego County, California rose slightly by 1.55 percent from May to June.

A couple in Bowie, Maryland had filed a case against Wells Fargo Bank. According to court documents, the couple accused the bank of knowing beforehand that they could not afford to pay the mortgage for their property.

Several programs are available for distressed homeowners in Missouri who want to save their properties from foreclosures. One of the most popular forms of staving off bank foreclosures is

The commercial real estate market is experiencing a change in banks' strategy. To try to avoid realizing losses on their loans in the commercial real estate market, banks are offering loan extensions and modifications to stem the tide of bank REO properties.

Two months after the federal initiative, Making Home Affordable was launched, JPMorgan Chase and Co. was able to modify about 138,000 troubled mortgage loans. The initiative is designed to contain the number of bank foreclosure property in the country.

The city of Indio in California has nearly 2,600 bank foreclosed homes for sale, and about 1,100 of these properties are vacant. To control the spread of foreclosure and protect communities from deterioration, the city launched several programs and services to address the foreclosure problem.

It seems that President Barak Obama's housing stabilization plan is starting to take off. Already, the loan modification scheme, which is the core foreclosure prevention measure under the housing stabilization plan, has helped thousands of distressed homeowners save their properties from bank foreclosure listing.

The California Legislature has enacted the Home Equity Sales Contract Act (HESCA) to help distressed homeowners who are subject to foreclosure properties due to fraud, unfair dealing and deception.

The foreclosure prevention plan, Hope for Homeowners has failed to live up to expectations that it would help homeowners avoid bank and government foreclosures.