Tag Archives: foreclosures
Foreclosure evictions on hold
Homeowners who face foreclosure will get a short break this holiday season. Fannie Mae and Freddie Mac will suspend foreclosure evictions from Dec. 19 through Jan. 2.
For those whose homes are in foreclosure, this doesn’t mean the foreclosure process… Continue reading
Is Occupy Foreclosures next?
After occupying streets and parks in various parts of the country, Occupy Wall Street activists plan their next move: occupying foreclosures.
The San Francisco Chronicle reports that Occupy Oakland activists met this week to discuss not whether to occu… Continue reading
The long arm of foreclosure
It’s called a deficiency judgment and it’s a nightmare for former homeowners who thought they were free of a mortgage after the bank foreclosed on their property.
Since foreclosed homes hardly ever sell for an amount that covers the outstanding loan, 4… Continue reading
The long arm of foreclosure
It’s called a deficiency judgment and it’s a nightmare for former homeowners who thought they were free of a mortgage after the bank foreclosed on their property.
Since foreclosed homes hardly ever sell for an amount that covers the outstanding loan, 4… Continue reading
3 years of total chaos
This month marks the third anniversary of the end of America’s financial system as we know it. No one is celebrating. Everyone is outraged. And the aggrieved are lined up seeking unprecedented billions of dollars in compensation.
The foreclosure mess t… Continue reading
A bank against foreclosures
Banks can work with borrowers, help them avoid foreclosure and remain profitable.
That’s a lesson large lenders should learn from Webster Financial Corp., a regional bank based in Waterbury, Conn. The bank, which services $8 billion in mortgages and ho… Continue reading
4 more years of foreclosure
To cap off a nightmarish week on the housing front, everybody’s favorite ratings service Standard & Poor’s says the “shadow market” of foreclosures and distressed homes will haunt our neighborhoods for at least four more years.
S&P says that al… Continue reading
Short sale failure
More than a year has passed since the government launched the Home Affordable Foreclosure Alternatives program, or HAFA, a short-sale program that provides incentives to lenders and homeowners in an effort to avoid foreclosures. But few have benefite… Continue reading
Foreclosures for rent
The sluggish housing recovery is prompting President Barack Obama to consider ways to take foreclosed properties off the market and rent them until prices stabilize. According to an article in the Wall Street Journal, home prices nationally were 7.4 p… Continue reading