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Home Foreclosure Rates Jump in South Florida
Home Foreclosure Rates Jump in South Florida Last year the number of foreclosures slowed as a result of the robo-scandal. Now the banks are ramping up again. The number of south Florida homes in some stage of foreclosure has shot … Continue reading
Bankruptcy v Short sale
When in foreclosure, what is better? Bankruptcy or a short sale? When the loan modification doesn’t work, most people in foreclosure consider 3 options: giving up and walking away, bankruptcy or a short sale. Please, whatever you do, don’t give … Continue reading
Obama, court plans could help Florida homeowners facing foreclosure
October 24, 2011|By William E. Gibson and Donna Gehrke-White, Sun Sentinel Tens of thousands of struggling South Florida homeowners could benefit from proposals unveiled by White House and state court officials. President Barack Obama on Monday said “we can’t wait” … Continue reading
Short Sale Assistance Programs
The Obama administration’s is encouraging short sales with the new Short Sale assistance program (where mortgage servicing companies are paid $1,000 to handle successful short sales and mortgage holders get $1,500 for signing over their property). You’ve got more compelling … Continue reading
Bank of America offers $20,000 to do a short-sale
Following the example of Chase Bank, Bank of America, the nation’s largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes in an effort to get them off their books. This offer from Bank of … Continue reading
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Tagged bank of america, cash for keys, incentives, short sale
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Priced Well, Will It Sell?
Tracking the local real estate market is practically a hobby for Yetta Levitt of central Florida. And she has always bought and sold houses by owner, saving thousands in commissions. But even the formidable talents of Levitt were challenged by … Continue reading
New federal refinance plan shuts out homes too far underwater, may help few in Florida
By Kimberly Miller Palm Beach Post Staff Writer Updated: 10:58 a.m. Saturday, Sept. 10, 2011 Posted: 9:28 p.m. Friday, Sept. 9, 2011 Recognizing the shortcomings in his once-heralded refinance program for struggling homeowners, President Obama asked Thursday for a revamp of the 2009 plan that has helped fewer than 840,000 … Continue reading
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Tagged foreclosure help, HARP, Home Affordable Refinance Program
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FHA Short Sales
FHA Short Sales If you have a HUD (the U.S. Housing and Urban Development) loan, they now have a program to help you do a short sale and enable you to move from their home with a program called Pre-Foreclosure … Continue reading
How to rescue the housing market: Foreclosures!
NEW YORK (CNNMoney) — If the Obama administration really wants to save the housing market, it should speed up the foreclosure process — not prolong the inevitable, experts say. Four years into the housing crisis, the real estate market is … Continue reading
Government Owns 248,000 Foreclosures!
Lenders and government bodies like Fannie Mae, Freddie Mac and FHA now own 800,000 foreclosed properties! Who would have thought that so many properties that have been taken back by lenders as foreclosures have yet to be sold! This is … Continue reading
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