Understanding a foreclosure
Foreclosure is a process that many of us have heard and read about, especially with the bursting of the “housing bubble” and the economic downturn of 2008. Foreclosures remain an issue today in housing in America.
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The Missing Boomerang Buyers
ByadminIn July 2006, the Mortgage Insurance Companies of America, a now-defunct trade group, sent a letter to the Federal Reserve and other bank regulators. “[We] are deeply concerned about the potential contagion effect from poorly underwritten or unsuitable mortgages and home-equity loans,” wrote Suzanne Hutchinson, the group's executive vice president. Foreclosure News
What Is a Harp Loan?
ByadminThe Home Affordable Refinance Program is one of the two key programs established by the federal government to help homeowners affected by the recent subprime mortgage crisis. The beneficiaries of these two programs are those whose home values have fallen below their mortgage amounts . Foreclosure News
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ByadminWe might need money for a down payment on a house, to pay off our credit card debt or even to hold us over when we are unexpectedly left without employment. Foreclosure News
Bridge Magazine: How to cash in on a crappy home. Step one: Find a sucker to sign a land contract.
ByadminSure, the home wasn't much: An 800-square-foot wood bungalow, barely big enough to contain her four children and husband. There were holes in the walls, probably from thieves getting to copper pipes. Foreclosure News
It was the worst of times for homeowners
ByadminThe graph shows foreclosed homes that were sold. It doesn't represent all of the foreclosures in the Twin cites, just the tens of thousands that were listed on the MLS by local Realtors. Foreclosure News
What you need to know about reverse mortgages … and their new rules
ByadminNew rules for reverse mortgage loans are set to take place on Monday. The main headline: Senior homeowners won't be able to borrow as much. Foreclosure News