Tag Archives: homeowner

Foreclosure Settlements Expiring for Homeowners

Time has run out for millions of homeowners who lost their home to foreclosure in 2009 and 2010 to have their cases reviewed for errors. As part of a settlement between federal bank regulators and mortgage servicers, homeowners whose cases … Continue reading

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Are South Florida’s Short Sales declining?

Although the housing market is starting to see a slow recovery, homeowners who are still underwater on their mortgages will still have to wait a very long time, if ever, to see the value of their home return to what they paid for it. Therefore, these homeowners continue to remain current on their mortgage, but may want to upgrade their house or may need to relocate. Continue reading

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Federal Guidelines Expediting Short Sale Procedures

The Federal Housing Finance Agency has heard the plight of homeowners, buyers and lenders and has now issued new guidance requirements intended to expedite the process for Fannie Mae and Freddie Mac backed loans. Continue reading

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Short Sales Viable Alternative to Foreclosures

Foreclosure is not an inexpensive option for lenders and having a home sit vacant doesn’t make any money for them. Having foreclosed properties on their ledgers is costly, and they want to offload as many of those properties as possible. Because of this, one way for a homeowner facing foreclosure to escape that burden is to sell their home via a short sale. Continue reading

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Are recent anti-foreclosure laws contributing to a mini-bubble in the housing market?

Miami leads the nation in the number of foreclosures. However, new laws require a judicial review for a foreclosure can delay the process for up to two years. Continue reading

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