Real Estate News
Bank of America committed $11 billion to mortgage principal reduction as part of the robo-signing scandal settlement, and last month, Bank of America announced a major initiative addressing this sum. This summer, a group of 200,000 distressed homeowners selected by...
Real Estate News
After 10 months of intensive Negotiations between what are considered to be the 5 major banks and a coalition of State attorneys general, federal agencies including the DOJ, Treasury and HUD, a settlement was reached recently that will result in approximately $25...
Real Estate News
The Federal Housing Administration (FHA) is extending foranother year its temporary waiver of anti-flipping regulations, initiallyintroduced in 2010 thru 2012 in order to facilitate the turnaround offoreclosed properties in hard hit communities. “This extension...
Real Estate News
Stop Foreclosure! Short Sale Instead!!!! If you are considering walking away from your home and mortgage consider this: 1)Â Â Â Â Walking away hurts everybody more – your credit is permanently damaged, your neighbors suffer a reduction in their property values...
Real Estate News
Every homeowner is different, and the options available to avoid foreclosure will depend on your particular situation. Forbearance Your mortgage lender may allow you to reduce or stop payments temporarily. By doing this, you have time to pay off other bills, save...
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