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Obama Considering Foreclosed Home Prevention Aid
The Obama administration is considering at least two options to help more homeowners under its foreclosed home prevention program. The options include loan forbearance and rental agreement. " Because of continued pressure on the Obama administration to step up its foreclosed...Families Downed by Foreclosures Living in Motels
About 1,000 families in Orange County, California have been living in motels, many of whom have been forced out of their homes after going into foreclosures. Local officials said it is possible these families...Obama’s Program Brings Hope to Florida Foreclosures
The U.S. Department of Treasury is preparing to commence implementation of President Barack Obama’s foreclosure prevention program. " The $75 billion anti-foreclosure plan is expected to help nearly 9 million distressed homeowners to modify their loans to avoid...
Millions Not Qualified for Program to Head Off Foreclosures
President Barack Obama’s Homeowner Affordability and Stability Plan might not be able to achieve its goal of helping 9 million troubled homeowners save their homes from foreclosures. Because of the many restrictions included in the program, millions of homeowners would not... Avoid Swindlers Amid Rising Tax Foreclosure Properties
If you are planning to apply for loan modification or restructuring under the Obama administration’s program, be warned about persons or companies offering their services, promising to make the application process easier for you. As the number of lender and tax foreclosure...Obama Expected to Sign Recovery Plan to Address Foreclosure Cr...
The U.S. Congress has passed the $787 billion economic recovery plan which is expected to include provisions to bailout banks to boost credit flow and reduce the number of foreclosed homes. " President Barack Obama has called Congress’ decision to pass the stimulus bill as...Banking Committee Chair Dodd Considers Bill to Help Homeowners...
The Senate Banking Committee, chaired by Christopher Dodd, is preparing a financial regulatory reform legislation to be released by April 2009, the deadline requested by President Barack Obama. " Already, Dodd plans to schedule hearings for several months where he expects to...Atlanta Homeowners Get Help on Foreclosures
There is no doubt that the crisis in foreclosures is worsening. Recent surveys have all been proofs of the rising number of foreclosure properties in the country. With this situation in mind, some states did what...Are Feds Out to Help Owners of Foreclosed Properties?
The US Federal Deposit Insurance Corporation and the Treasury Department are set to work hand in hand on a program that could help improve the national concern on foreclosed properties. The said government agencies are reported to have been finding ways to alleviate...Wisconsin Sheriffs Struggle as Foreclosures Continue Upswing
Wisconsin State has designated county sheriff’s departments to handle processing and sales of foreclosure properties. For Fond du Lac County, the department closed 149 sales in 2005, 212 homes in 2007 and already 192 for 2008 with 26 more in-process. The numbers continues... New Federal Plan Aims to Rework Fannie and Freddie Loans
After several months of waiting, beleaguered homeowners with loans guaranteed by mortgage giants Fannie Mae and Freddie Mac will receive assistance from the federal government. The Federal Housing Finance Agency, recently announced this new plan to stop foreclosures, which is... Incoming President is Expected to Help Families Avoid Foreclosures
Weeks before his inauguration as US President, Barack Obama is expected to have his hands full during his first 100 days in office. Adding to the many internal problems and concerns is the issue on home mortgages....MacArthur Foundation Pledges $68 Million to Abate Chicago
The charitable organization, MacArthur Foundation has committed $68 million to help organizations that fight the foreclosure problem in Chicago. The investment is considered as the most significant support provided by a private entity to help people avoid foreclosures....Government Announced Plans to Quell Foreclosures
The US government has finally taken the reins to solve the rising number of foreclosure properties. The government said that it will try to help the housing industry by restructuring hundreds of the thousands mortgages in the country."Unveiling of the Proposed Plan The plan,...New York’s Foreclosure Data Inaccurate?
The data of foreclosure filings obtained in New York, counting that of Erie County are said to be incomplete. This is the danger of depending only on one research firm, which has not perfected yet the act of data...
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