Tag: foreclosure
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US states May Reach Foreclosure Deal With Banks Soon
Settlement negotiations between top banks and US states over mortgage irregularities are getting closer after a major sticking point prolonged talks for more than a year. Banks would get immunity from state lawsuits in exchange for refinancing mortgages where borrowers owe more than their home’s worth that could amount to $25 billion....
Housing Market Problems In The US Manageable, Says Economist
A leading economist said Tuesday that the US mortgage market may begin to stabilize after another year or two as the mortgage industry works through the current foreclosure crisis and oversupply from past building....
Fannie Mae Was Aware Of Foreclosure Malpractices, Says Government Report
A government watchdog says mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms since 2003, but chose to look the other way....
Avoiding Foreclosure Through Communication
Avoiding foreclosure all together is a plan that will help the homeowner hang on to his or her home before the inevitable happens, but the most important factor here is not to wait too long before contacting the lender to let its representative know that financially circumstances have changed. ...
HOW TO PURCHASE A FORECLOSURE
Due to the current economic crisis many people are losing their homes. To those who want to invest in real estate buying a foreclosure home can be a very good investment....
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