Foreclosure

Honolulu the Most ‘Equity Rich’ Housing Market in the Nation

Honolulu the Most ‘Equity Rich’ Housing Market in the Nation
September 5, 2013 No Comments »

One major issue that has plagued homeowners over the past few years has been a lack of equity, making it impossible to sell without a short sale. Worse than that, many lacking equity have decided to simply hand in the ... Read More »

The FHA Is Now Offering Mortgages to Borrowers Just One Year After Foreclosure, Short Sale, or Bankruptcy

The FHA Is Now Offering Mortgages to Borrowers Just One Year After Foreclosure, Short Sale, or Bankruptcy
August 16, 2013 4 Comments »

In a bid to perhaps stay relevant, though in the FHA’s own words, to continue “its commitment to fully evaluate borrowers who have experienced periods of financial difficulty due to extenuating circumstances,” borrowers may now be eligible for an FHA ... Read More »

Five Reasons Housing Inventory Will Begin to Rise

Five Reasons Housing Inventory Will Begin to Rise
June 19, 2013 No Comments »

Before you rush out to buy a home, consider the fact that inventory levels are beyond dismal at the moment, though there’s a good chance that could all change rather quickly. If you’ve already begun your property search, you probably ... Read More »

HAMP Gets Extended for Another Two Years

HAMP Gets Extended for Another Two Years
May 30, 2013 1 Comment »

Today, the Treasury and U.S. Department of Housing and Urban Development (HUD) announced the much anticipated extension of the Home Affordable Modification Program (HAMP). The program, which was originally launched in March 2009, was set to come to a close ... Read More »

Streamlined Modification Initiative Launched to Help Severely Delinquent Borrowers

Streamlined Modification Initiative Launched to Help Severely Delinquent Borrowers
March 27, 2013 No Comments »

Rather surprisingly, a new program will launch in July to help severely delinquent borrowers lower their monthly payments and modify their mortgages. While it sounds like the same old story of years past, it differs from previous efforts in that ... Read More »

Deed in Lieu of Foreclosure vs. Short Sale

Deed in Lieu of Foreclosure vs. Short Sale
January 30, 2013 25 Comments »

It’s time for another mortgage match-up, with the latest in the series pitting the lesser known deed in lieu of foreclosure vs. the popular short sale. Nowadays, there are plenty of options to get rid of your home and avoid ... Read More »

Short Sales Increased 23 Percent in 2012 While REOs Plummeted

Short Sales Increased 23 Percent in 2012 While REOs Plummeted
January 14, 2013 No Comments »

It appears as if 2012 was a very good year for the housing market, according to the latest CoreLogic MarketPulse report released this morning. The company said “housing made an impressive recovery in 2012,” thanks to a six percent increase ... Read More »

Independent Foreclosure Review Gets Major Overhaul

Independent Foreclosure Review Gets Major Overhaul
January 8, 2013 1 Comment »

The so-called “Independent Foreclosure Review” was tweaked Monday to allow borrowers to receive compensation for loan servicing wrongdoings in a more expeditious manner. As a result of the latest agreement between the Treasury, OCC, and 10 mortgage servicing companies, the ... Read More »

Mortgage Debt Relief Extended Through 2013

Mortgage Debt Relief Extended Through 2013
January 3, 2013 1 Comment »

Well, the fiscal cliff was averted at the 11th hour, though there are already rumblings of more cliffs to come. I guess things are going to be pretty rocky in 2013, as many had suggested in earlier predictions. But one ... Read More »

Very Few Mortgage Defaulters Return to the Housing Market Quickly

Very Few Mortgage Defaulters Return to the Housing Market Quickly
November 20, 2012 No Comments »

A recent economic letter written by researchers at the Federal Reserve Bank of San Francisco paints a bleak picture for the future of the housing market. It also puts into question all this “real” recovery talk of late. Despite all ... Read More »