News about Foreclosure Help

  • Foreclosure Help

    Although national and many local real estate markets are improving drastically in comparison to the last few years with foreclosure inventories declining, there are still may people throughout the country who are struggling with mortgage payments and are seeking to avoid foreclosure.

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  • Foreclosure Help

    Now that Election Day is over and we know who will be residing in the White House for the next four years, it is time to look at the Home Affordable Modification Program (HAMP) – the key program put forth by the Obama administration that was designed to help address underwater mortgages and struggling homeowners.

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  • Finance Foreclosures

    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.

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  • Foreclosure Crisis

    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

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  • Foreclosure Crisis

    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 […]

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  • Foreclosure Crisis

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

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  • Foreclosure Help

    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

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  • Foreclosure Help

    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 […]

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  • Foreclosure Crisis

    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

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  • Foreclosure Help

    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

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  • Foreclosure Crisis

    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

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  • Foreclosure Crisis

    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 […]

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  • Foreclosure Crisis

    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

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  • Foreclosure Help

    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.

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  • Foreclosure Help

    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.

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