Wednesday, June 24th, 2009
California loan modification requests continue to be reported with increasing volumes. Many California homeowners need jumbo mortgage refinance loans, but they do not qualify as the jumbo lending has tightened significantly. Governor Schwarzenegger implemented another California foreclosure moratorium to help distressed homeowners in his state, but is it helping?
Many Wall Street analysts covering the home-builder [...]
Filed under: Foreclosure news, Mortgage News, Published Loan Relief Articles, foreclosure prevention | No Comments »
Thursday, June 4th, 2009
Zions Bank and Keller Williams Real Estate are sponsoring an information session on June 9th to inform people about refinancing and loan modification options with President Barack Obama’s Making Home Affordable program.
According to Mike Barnes, most home owners will qualify for some part of the foreclosure prevention program. He calls it exciting and beneficial. And [...]
Filed under: Featured Articles, Foreclosure news, Mortgage News, foreclosure prevention | No Comments »
Tuesday, January 13th, 2009
Home foreclosures continue to rise and attorney generals across the U.S. want federal bankruptcy codes amended to allow judges to modify home loans in an effort to help homeowners remain in their houses. Arizona Attorney General Terry Goddard along with state attorneys general from California, Connecticut, Delaware, Illinois, Iowa, Kentucky, Louisiana, Massachusetts, Minnesota, Mississippi, Montana, [...]
Filed under: Foreclosure news, Mortgage News, foreclosure prevention | No Comments »
Monday, January 5th, 2009
The judicial process of home foreclosure starts with the lender filing a Notice of Default. The lender files a lawsuit to get the local court force foreclose, is used when no power of sale is present in the mortgage or deed of trust. However, the State of California has mandated that mortgage lenders and mortgage [...]
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Friday, December 12th, 2008
HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors announced last week that they had set a record in October for the number of foreclosures averted. The home preservation alliance company said that its mortgage industry members had prevented 225,000 home foreclosures during that month, 13,000 more than the record set in [...]
Filed under: Featured Articles, Foreclosure news | 2 Comments »
Wednesday, December 10th, 2008
Florida has received $11.5 million through the Housing and Economic Recovery Act approved by Congress in July. Gov. Charlie Crist said in a statement that the grant money will be used to continue foreclosure prevention counseling and legal assistance with loan modification plans to homeowners in foreclosure.
Nearly 77 counseling agencies and organizations around the state [...]
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Monday, October 27th, 2008
To help homeowners facing foreclosure find alternatives to losing their homes, an alliance of cities, national organizations and lenders is setting up shop for an afternoon. Preserving homeownership is the goal, said Patricia Garcia Duarte, chairwoman of the Arizona Foreclosure Prevention Task Force and president and chief executive officer of Neighborhood Housing Services of Phoenix, [...]
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Wednesday, October 22nd, 2008
San Diego-based You Walk Away, a company that helps families facing foreclosure, has instituted a new program called the Military Walk Away Protection Kit. This foreclosure prevention program is based on the federal law called the Servicemembers Civil Relief Act (SCRA), helps members of our armed forces who received loans while on active duty stave [...]
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