Truemors
is reporting from
Member
NP Rank:
NP Rank:
Sunshine State Will Receive Federal Money to Handle Foreclosures
Florida has been put to the spotlight by its increasing number of foreclosures. The state is reported to be receiving more federal money for managing foreclosure properties than any other US state. "The Sunshine state is said to have an abundance of trash, uncut grass and...$153 Million Aid for Georgia’s Foreclosed Properties
The U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) will provide Georgia with $153 million funds to purchase foreclosed homes, repair and then sell or rent them. The amount is part of the U.S. government’s $700 billion...Sales Activities for Foreclosed Homes Resulted To Drop in PHSI
With the economic recession hard hitting various states across the country, the foreclosure homes buying spree that realtors enjoyed last August, turned the opposite way as a slowdown in sales lowered NAR’s Pending Homes Sales Index or PHSI. The National Association of...Rising Foreclosures Give New Meaning to the Term “Underwater”
Sudden declines in home prices face the real estate industry, as a by-product of the increase in the number of foreclosure homes flooding the market. Prices have dropped tremendously, and in some cases down to half of what existing homes are originally worth. This resulted to...Nassau County’s Tom Suozzi Launches Foreclosure Task Force
At a symposium held by Long Island Housing Partnership, County Executive Suozzi spoke on the foreclosure crisis and urged mortgage companies to enforce a 90-day moratorium on foreclosures. He cited the example of JPMorgan Chase which provided troubled borrowers with a grace...Maryland Governor Expands Foreclosure Initiative
Governor O’Malley has extended a foreclosure program he launched in June 2007 to help homeowners keep their homes and control the soaring number of foreclosed properties across the state. "He announced that he...Schwarzenegger Proposes a 90-Day Suspension of Foreclosures
Schwarzenegger has presented his foreclosure moratorium proposal to legislators in the first week of November, including his proposals to increase taxes and reduce expenditures in order to reduce the state’s...Oakland Tackles Foreclosed Homes With Federal and State Money
Oakland has been granted an allocation of $8.2 million from the U.S. Federal Housing and Economic Recovery Act to rehabilitate foreclosed houses in the city, but it must submit specific proposals by December 1 on how to help residents at risk of foreclosures and on how to...Lower Home Price Forecasts Due to Foreclosures
New York University professor Nouriel Roubini, the economist who correctly predicted the housing slump and the credit crisis, has predicted another 20-percent decrease in home prices in 2009. Patrick Newport of forecasting company Global Insight predicted a fall of...$47 Million From Federal Funds for Nine Detroit Neighborhoods
Detroit Mayor Ken Cockrel has proposed to demolish about 2,350 derelict and abandoned homes in blighted neighborhoods using about half of the $47 million provided by the U.S. federal government to tackle its foreclosure problems. An estimated $8 million will be spent to...Modified Mortgage Program Prevented 250,000 Foreclosed Homes
New York based JPMorgan Chase & Co, made announcements that it prevented at least 250,000 foreclosures since it joined other banks last 2007 in modifying or refinancing mortgages from clients who are delinquent in payments and those who may not be able to pay higher...Time Running out on Bailout Plan for Nevada Foreclosures
Time is running out for 2.2% of Nevada’s homeowners who are in peril of losing homes to foreclosures. This equates to several thousands of possible foreclosure homes with ongoing eviction processes expecting...
Mortgage Meltdown and Foreclosure Homes Generated by Unemployment
With this boiling economic crisis hurling across the country, the number of foreclosure homes have steadily risen for several months reaching a staggering 71% last September, instigated by an unemployment wave... Foreclosure States Decide the Winner of the Presidential Election
Who decided the winner of the 2008 U.S. presidential election? The foreclosed homes.In the presidential elections of the year 2000 and the year 2004, seven of this year’s ten largest foreclosure states voted for...Large Banks Modify Loan Payment Terms to Avert Foreclosures
At least three large banks in the U.S. have announced their plans to stop the massive increase in home foreclosures by altering their mortgage loan terms."In October of this year, Bank of America committed to reduce the monthly installments to be paid by 400,000 mortgage...Top Members Today
Top Veterans
Top Rookies
5,367
pointsliamssoft
United Kingdom
2,166
pointsalexoscarew
New york, United States
429
pointsfashionfreak
Bombay, India
