Archive for March, 2009
Homeowners Want Information on Foreclosure Homes BailoutMarch 17th, 2009
Thousands of distressed homeowners sent e-mails and called various agencies requesting for information on President Barack Obama's foreclosure homes prevention More >>
Freddie Asks $30.8 Billion More for ForeclosuresMarch 16th, 2009
Freddie Mac, the mortgage finance company acquired by the federal government in 2008 to help avert foreclosures, has asked for an additional funding of $30.8 billion to boost its finances … More >>
Families Downed by Foreclosures Living in MotelsMarch 13th, 2009
About 1,000 families in Orange County, California have been living in motels, many of whom have been forced out of their homes after going into foreclosures. Local officials said it is … More >>
No to Auction of Lender and Tax Foreclosure PropertiesMarch 12th, 2009
More than 20 people demonstrated outside a convention center in Manhattan New York City to protest the auction of hundreds of foreclosed homes by Real Estate Disposition Corp. It is … More >>
Obama’s Program Brings Hope to Florida ForeclosuresMarch 11th, 2009
The U.S. Department of Treasury is preparing to commence implementation of President Barack Obama's foreclosure prevention More >>
Help for Borrowers Troubled by Foreclosures and Lack of EquityMarch 10th, 2009
Distressed homeowners who do not have at least one-fifth equity in their homes and who usually are not qualified for loan refinancing can still avail of President Barack Obama's program to … More >>
Defaults, Unemployment Fuel Foreclosure Homes Rate IncreaseMarch 9th, 2009
Once again evidence of the link between foreclosure homes and unemployment is felt in some states, including Georgia, Louisiana, Texas and New More >>
Program to Avert Foreclosures: How It WorksMarch 6th, 2009
The Obama administration's program to avert foreclosures has two prongs: a loan refinancing plan for homeowners whose mortgages are owned or guaranteed by Freddie Mac or Fannie Mae and the … More >>
Avoid Swindlers Amid Rising Tax Foreclosure PropertiesMarch 6th, 2009
If you are planning to apply for loan modification or restructuring under the Obama administration's program, be warned about persons or companies offering their services, promising to make … More >>
Moffett Resigns As Freddie Mac Continues Role in ForeclosuresMarch 5th, 2009
David Moffett will resign as chief executive officer of Freddie Mac on or before March 13. Moffett, who replaced Richard Syron in September 2008, said he planned to go back to the financial … More >>
