Buying Foreclosed Homes

Unemployment becoming major factor in foreclosures Wicked Local Brockton, MA Plymouth County reported a spike in foreclosure notices last month, recording 188, higher than recent months, said Register of Deeds John Buckley. “That'sa disturbing number,” said Buckely. “I have no hard evidence, but it appears to be a combination …

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Foreclosure prevention presentation Wednesday for Tri-Valley residents San Jose Mercury News,  USA PLEASANTON — The Tri-Valley Housing Opportunity Center will host a session on how homeowners can protect themselves from foreclosure. The free presentation will be held 6 to 8 pm Wednesday at the Pleasanton Tennis and Recreation Center, 5810 Valley Ave …

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Foreclosure provides a new home for CASA's foster children San Jose Mercury News,  USA Meanwhile, the investor who owned the property went into foreclosure, and an auction date was set. Marilyn Koll, CASA board president, went twice to foreclosure sales on the steps of the County Government Center to observe the process. …

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Officials talk foreclosure prevention Bizjournals.com, NC Representatives from Congressman Artur Davis' office met Friday with local housing officials to discuss foreclosure prevention in the Birmingham area. The meeting was in preparation for a larger summit that Davis plans to hold – involving the banking …

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Short Sales: Banks Blocking Way Out Of Foreclosure Crisis Huffington Post, NY The owner, who had lost his job, wanted to sell the apartment for a loss rather than go into foreclosure, a strategy known as a short sale. The offer was for $350000, and Ellis, who is a certified distressed property expert trained in executing such …

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Short sale and your credit CNNMoney.com Choosing a short sale over foreclosure is difficult. Both take a bite out of your credit rating. But one is easier to recover from. By Gerri Willis, Money magazine contributing writer NEW YORK (Money Magazine) — Q. We have to relocate because of my … More Homes Selling Fast to Avoid Foreclosure The Epoch Times all 2 news articles

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Washington Times

Belatedly, House votes to curb predatory lending Christian Science Monitor, MA It's to avert a recurrence of today's high default and foreclosure rates and to provide additional consumer protections, supporters say. The law bans mortgage lenders from approving a loan that a home buyer clearly can't repay. … Senate Passes Measure to Increase Protections for Those Endangered … Helicopter Association International Congressman Filner Helps End Predatory Lending Practices Imperial Valley News House Passes Mortgage Overhaul Aimed at Predatory Lending CQPolitics.com MyFox Memphis - The Associated Press all 290 news articles

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KOMU-TV

Ohio House OKs renter foreclosure protections The Newark Advocate, OH AP • May 8, 2009 COLUMBUS — The Ohio House has passed a bill with new protections so renters don't find themselves suddenly on the sidewalk in foreclosure cases. The legislation would require landlords to inform current and potential tenants if a … Legislation Could Protect Renters From Foreclosure NBC4i.com Comfort in Times of Foreclosure KOMU-TV When landlords default, renters need to learn their rights WNEP-TV Long Island Business News all 31 news articles

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House Passes Limits on Adjustable-Rate, Exotic Loans Bloomberg About 21 percent of Alt-A mortgages contained in bonds not backed by Fannie Mae, Freddie Mac or the federal government are at least 60 days past due, in foreclosure or already turned into seized property, according to data compiled by Bloomberg. … The Home Owners' Loan Corporation provides a useful history lesson … American Enterprise Institute Reverse mortgages jump into high gear Philadelphia Inquirer Reverse mortgages see strong consumer demand NJBIZ all 18 news articles

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New York Daily News

Bill would give tenants rights when property gets foreclosed New York Daily News, NY Hundreds of tenants across the city face eviction each month because they've become fallout victims of the mortgage foreclosure crisis. These particular endangered tenants live in one- to four-family homes - usually in the more financially strapped …

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