Foreclosures
Tips for Avoiding Foreclosure
New housing legislation is set to help as many as 500,000 homeowners avoid foreclosure by helping them refinance into more affordable government-backed mortgages. However, many more struggling borrowers will not qualify for the programs. Luckily, there are some alternatives for these homeowners in the form of “short sales” and “deed in lieu of foreclosure” transactions. […]
Popularity: 50% [?]
28Jul2008 | Justin Kuepper | 0 comments | Continued
The Foreclosure Cottage Industry
A foreclosure is a very long process that nobody really wants to occur, so when it does there is often an element of apathy involved. Foreclosures can take years to process as the legal dance waltzes through the backed up local court systems. The result is a property that sits unattended and often falls victim […]
Popularity: 60% [?]
8Jul2008 | Justin Kuepper | 0 comments | Continued
Homebuilders Continue to Suffer
Homebuilder D.R. Horton, Inc.’s (NYSE: DHI) second quarter results sent ripples throughout the sector Tuesday, driving major competitors Pulte Homes, Inc (NYSE: PHM), Lennar Corporation (NYSE: LEN), and The Ryland Group, Inc. (NYSE: RYL) down in midday trading.
Texas-based D.R. Horton, famous for its slogan “America’s Builder,” reported a second quarter Tuesday with almost no […]
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21May2008 | Justin Kuepper | 0 comments | Continued
The Rate Freeze and You…
The Mortgage Meltdown, the Rate Freeze, and You
The U.S. government saw the rising foreclosures in 2007 and decided to implement a rate freeze program to help relieve homeowners. It negotiated with many different mortgage service companies, including Countrywide Financial, Citigroup, Washington Mutual and Wells Fargo to create a program that would prevent mortgage rates on […]
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4Apr2008 | Justin Kuepper | 0 comments | Continued
Housing Prices Drop 11.4% in January
Single-family home prices in the top 10 metropolitan areas in the U.S. were down 11.4% in January compared to last year, according to the S&P/Case-Shiller home-price indexes. The move marks the latest in a series of blows to the housing market since the subprime collapse took its toll and forced thousands of foreclosures. These foreclosures […]
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25Mar2008 | Justin Kuepper | 0 comments | Continued
Fed Takes New Direction to Curb Crisis
The Federal Reserve announced that it would attempt to inject liquidity into the credit markets by lending $200 billion in return for bad mortgage debt. Essentially, Ben Bernanke’s organization is trying to create a market for these mortgages that haven’t been traded in months (since nobody knows how much further they will decline). The hope […]
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12Mar2008 | Justin Kuepper | 0 comments | Continued
10 Tips to Avoid Foreclosure
The Department of Housing and Urban Development (HUD) offers some valuable tips for avoiding foreclosure. Here are the ten most important parts to take away from their advice:
Don’t ignore the problem.
The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.
Contact your […]
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5Mar2008 | Justin Kuepper | 0 comments | Continued
Complicated Home Foreclosures Add to Woes
Foreclosing on a home is a lengthy and complicated process involving many different parties. Seemingly obvious things like the ownership of the home loans themselves can be difficult to ascertain as more mortgages are packaged up by the thousands into securitization trusts that are then sold off to investors. In fact, 40 percent of creditors […]
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4Mar2008 | Justin Kuepper | 0 comments | Continued
Mortgage Lenders Trying to Help
A new study compiled by the State Foreclosure Prevention Working Group found the mortgage companies have been stepping up their efforts to work with delinquent borrowers, but their actions simply aren’t keeping up with the rapid rise in bad loans. Mortgage servicing companies were looking to modify around 45% of the loans outstanding while it […]
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7Feb2008 | Justin Kuepper | 0 comments | Continued
Housing Slump Eventually Affects All
The housing slump may have proven a disaster to the east and west coasts, but there are some markets that haven’t been affected by the meltdown. A Wall Street Journal survey of housing data in 28 major metropolitan areas found that local markets still vary hugely across the country. Areas like Florida, Phoenix and Las […]
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25Jan2008 | Justin Kuepper | 0 comments | Continued
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How many years is the mortgage over? 
Very interesting articles.
It will be interesting see where that leads to in the near future. 
How much do you save on monthly payments for a $130,000 when you go from a 9% rate to 6% 
Definitely one of the best kept secrets in commercial real estate! This can save you a ton of money, plus ...