The Foreclosure Crisis has Stepped Up Demand for FHA Loans
Friday, May 14
The Foreclosure crisis has stepped up demand for FHA loans. The programme launched by the Federal Government that permits eligible persons to purchase residential houses with minimum down payment is becoming popular in New York. For this Federal Housing Administration is offerin...
Federal Funds to Repair of Demolish Foreclosed Units
Thursday, May 13
In the first quarter of 2010 Columbus increased its land bank by 76 more properties. Till now Columbus City has bought 224 estates with the money coming from Federal Government’s Neighborhood Stabilization Program. The plan is to repair and make them habitable or to raze them to the grou...
Tips to Buying a Foreclosed House
Tuesday, May 11
The market is flooded with foreclosed unit opening up opportunities to many but one should test the waters before entering. Here is where tips to buying a foreclosed house come of invaluable use. The foreclosure process comprises of many stages and the first thing is to decide to f...
High Drama Enacted Inside Foreclosed House
Monday, May 10
High drama is enacted inside a foreclosed house. A borrower is pleading for bank’s help through a hole in the front window. Keith Sadler is drawing attention to not only his plight but of many others in the same situation who are defaulting on their dues. He is not asking for m...
Stimulus Package Ends Without End to Foreclosure Troubles
Thursday, May 06
Friday, 30th April was the final day when buyers purchasing residential units could avail of the tax credit worth $8,000. The Government has been endeavouring to hold up the collapsing housing market but now the very life support is being taken away. Few weeks previously another measu...
Short Sales Being Encouraged by the Treasury to Check Surging Foreclosures
Wednesday, May 05
Short sales are being encouraged by the Treasury to check surging foreclosures. It allows an escape route for the troubled house owners without damaging their credit ratings. The banks save money as the foreclosure process is more costly than the loss they have to incur in a short sale....