Tag Archives: pre-foreclosure

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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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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Florida leads the nation in Foreclosures with three times the national average

Realtors will tell you that the market is heating up. They are clamoring for listings and the ones they get sell within days, with multiple offers and usually for over asking price. But statistics still show that Florida is the … Continue reading

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HARP 2.0 Intends to help more homeowners, but who qualifies?

This March, the Obama administration will implement a newer version of the federal Home Affordable Refinance Program, dubbed HARP 2.0.  The original HARP program which was created in 2009 helped less than 30 percent of the homeowners it intended to … Continue reading

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