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Program Failed to Contain Foreclosed Homes in First 6 Months
The report that over 300,000 foreclosure notices were filed in June showed that the federal program crafted to contain foreclosed homes has not been progressing as planned. Almost 15 percent of all homeowners in... Drop in Mortgage Interest Rates: An Opportunity for Homeowners Facing Foreclo...
The weekly survey conducted by U.S. Federal Home Loan Mortgage Corp. or Freddie Mac showed that interest rates for a 30-year fixed-rate mortgage declined below 6 percent on average for the week ended November 26, 2008."This decline in interest rates provided opportunities to...JP Morgan Chase Holds Foreclosures
JPMorgan Chase has stepped up its foreclosure help efforts as it announced last 31st of October its plan to address the foreclosure problem being experienced by the nation through freezing foreclosures for the coming two months and restructuring loans."The report of Business...Condos in Foreclosure Create Problems for the Association
In the last couple of years, the housing industry has been in very bad shape — thanks primarily to the growing number of foreclosed properties including condo units. For this reason, many condo associations are having problems involving fee collection. "National...Help Available for Ohio Families Facing Foreclosure
As the problem in the housing industry endures, an increasing number of Ohio homeowners face the possibility of losing their homes to foreclosure. The number of foreclosure filings soared by 88 percent since 2006...Nantucket MA Foreclosure Filings Soar 421%
Last year, the number of foreclosure petitions filed in the Nantucket Superior Court and Massachusetts Land Court was over 23. After one year, the foreclosure petitions have risen to 92, a 421 percent increase.In...Foreclosure Rescue Bill Faces More Delays
With the nation suffering from the high national foreclosure rate, it is only right that the federal government is busy looking for a long-term solution to this crisis. Among its efforts is the foreclosure rescue...
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