Foreclosures Grind On
So it looks like the Foreclosures Grind On - The Obama administration will certainly need to take a lot more action in order to help Americans keep their their homes. [Find more mortgage foreclosure news from the New York Times]
Subprime Loans’ Wide Reach
Subprime Loans’ Wide Reach - A new study suggests that more upper-income borrowers and more whites took out subprime loans than any other groups. [Foreclosure News from the New York Times]
What percentage ot short-sale packages that you have submitted has been accepted by the lender?
Work Out Problems With Lenders? Try to Find Them
Work Out Problems With Lenders? Try to Find Them - Today’s lenders often sell the loans they make to investors, making it nearly impossible for homeowners to discover whom they should contact about a delinquency. [Foreclosure News from the New York Times]
State of Florida Sues Countrywide
State of Florida Sues Countrywide - Florida sued Countrywide Financial and its chief executive, Angelo R. Mozilo, on Monday, accusing it of engaging in unfair and deceptive trade practices in mortgage lending. [Foreclosure News from the New York Times]
Illinois to Sue Countrywide
Illinois to Sue Countrywide - The state says the lender defrauded borrowers by selling mortgages that soon went into foreclosure. [Foreclosure News from the New York Times]
California Sues Countrywide Over Lending
California Sues Countrywide Over Lending - California joined Illinois on Wednesday in suing Countrywide Financial, claiming the company had practiced deceptive mortgage lending. [Foreclosure News from the New York Times]
The Shrinking Job Market
The Shrinking Job Market - Employment will not revive as long as consumers are pessimistic, and this mood will persist as long as foreclosures keep rising. [Foreclosure News from the New York Times]
As Foreclosures Escalate
As Foreclosures Escalate - The Senate’s delay in passing the foreclosure prevention bill achieves political ends but it’s exceedingly poor policy. [Foreclosure News from the New York Times]
A Foreclosure Buyer's Guide to Property Repairs
By Rick Sharga, Vice President of Marketing for RealtyTrac
One of the most overlooked and underestimated expenses involved in the purchase of a home is the cost of repairs. Whether the problem is a defective part in an appliance, a structural problem overlooked by the home inspector or just Murphy’s Law making its presence felt, it’s rarely the case that someone can buy a property and move in without spending at least a few dollars to fix, repair or replace something.
