Tag Archive | foreclosure

HUD to Sell 40,000 Distressed Loans in 2013

In an effort to address the country’s shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration.Throughout the summer ahead, HUD will sell approximately 20,000 distressed loans via the Distressed Asset Stabilization Program in an attempt to […]

Homeowners to Get Foreclosure Settlement Payments Starting Friday

Borrowers whose homes were in foreclosure in 2009 or 2010 can expect to receive between $300 and $125,000 under settlements reached between top banks and regulators earlier this year. The payments will begin going out on Friday, April 14th, the Federal Reserve and the Office of the Comptroller of the Currency said on Tuesday. The […]

Tips to Help Prevent Foreclosure

Buy a Home You Can Truly Afford Okay, so this is an obvious point, but reiterating the numbers is never a bad idea: Your housing costs (mortgage, insurance, taxes) should be no more than 25-28% of your monthly take-home pay. Use Zillow’s affordability and mortgage calculators.  They’ll estimate the monthly costs of home ownership within […]

Price Gains Lift 1.7 Million Homes Above Water in 2012

Rising prices helped lift 1.7 million homes above water in 2012, including 200,000 in the final three months of the year, according to a report released today by real estate data and technology firm CoreLogic. An estimated 10.4 million homes remained underwater as of Dec. 31 — about one in five (21.5 percent) of all […]

Why Do Short Sales Take So Long?

It’s a question many real estate agents hear from clients: Why do short sales take so long? Despite improving real estate markets, short sales and foreclosure sales will be with us for the foreseeable future. Many homeowners are still underwater, and at any time in the coming years, these folks may face a situation, such […]