Posts Tagged ‘ foreclosure help ’

Foreclosures in the Lynchburg Virginia area increased 42 percent in 2009 during the same period a year ago From May through October this year, nearly 190 homes in the Lynchburg area were taken to foreclosure auctions, courthouse property records show. That was a 42 percent increase over foreclosures that happened from May through October...
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South Carolina state officials miss opportunity to provide free foreclosure counseling One of the last safety nets protecting S.C. homeowners from losing their homes vanished at the end of 2009 because state officials didn’t apply for federal money that pays for free foreclosure counseling. The decision not to apply left local officials scrambling to...
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Houston short sales involve months of waiting and frustration While short sales can save homeowners from foreclosure, they’re taking months to close and helping hold back the housing recovery, real estate agents and analysts say. “This is tying up the whole real estate market,” said real estate agent Tim Verge, who has three short...
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Wells Fargo threatened to foreclose on homeowner after stringing her along while taking her payments Newly divorced and battling ovarian cancer for the second time, Lori Ann Mitchell was hoping for a home loan modification to help her get back on her feet. What she received from Wells Fargo instead was a rejection phone...
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As foreclosure rates in New Jersey break records, one area community is trying a new program to stop the foreclosures Burlington City, a town of 9,000 people on the Delaware River, is working with a $25 million investment fund that plans to buy up mortgages in danger of foreclosure. Fund managers plan to become...
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For California rental property in default or pending foreclosure, the landlord or management company is not obligated by law to disclose this information A new report shows that about 1.7 million homeowners were on the verge of foreclosure this autumn. The fallout from the crisis is affecting people who don’t even own homes, as...
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FHA announced new guidelines in Dec. 2009 regarding home buyers that have had a short sale If the short sale involved their primary residence and they are trying to take advantage of the declining market by buying a “similar or superior property within a reasonable commuting distance”, then FHA will not accept the loan....
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