Lawmakers and consumer groups are outraged by the new policy statement written by the Federal Housing Finance Agency (FHFA) regarding the recent mess on foreclosure proceedings. If they had this violent reaction, what more the thousands of homeowners who are facing foreclosures? Perhaps going with the Obama administration’s stand that a foreclosure moratorium in all 50 states is damaging to the Read full article »
Archives for Residential
The Gravity Of The Foreclosure Fraud
So we all know that banks have admitted to robo-signing, a process whereby employees sign foreclosure cases without verifying the veracity of the documents. We also know that banks have tried controlling the negative effects by freezing foreclosure sales in most states (and even all for a number of banks). But what we don’t know is that the issue at Read full article »
tags: foreclosure fraud, mortgage fraud
Title Companies Tied Up, No Thanks To Foreclosure Freezing
Banks have recently frozen all foreclosure proceedings to protect homeowners from the robo signing process, which is the process of signing foreclosure documents without checking their veracity. But the recent flurry of mortgage fraud accusations is not only hurting homeowners, but the title companies as well. And title companies are now implementing rules that aim at protecting themselves. Title companies are Read full article »
Mortgage Program Overhaul For TD Bank
The Canadian housing market may be cooling down and property values are rising but this does not mean that people are lining up the banks to get a mortgage on their homes. In fact, because of the stiff competition to get new business, banks are coming up with different strategies and gimmicks to lure in customers. TD Bank, for one, Read full article »
tags: home loans, mortgage
Home Prices In Central Virginia May Remain Deflated For Years
The whole country is experiencing deflated home prices because of the flurry of foreclosures everywhere. Many real estate experts say that this status just might remain for a very long time. And the smaller parts that make up the bigger picture will also experience the same thing. Central Virginia is proving to be a microcosm of the United States, mirroring how Read full article »
category: Featured, Residential
tags: virginia home sales
No Foreclosure Freezing From Wells Fargo
There have been mounting pressure to freeze all foreclosure proceedings in all 50 states until the foreclosure scandal tides over and thorough investigation has been made. The country’s largest bank has heeded to the call and other major financial institutions might follow suit. One major bank though has flat out refused to freeze any foreclosure, saying no such fraud has Read full article »
There Might Be No Foreclosure Moratorium, According To White House Senior Advisor
A lot of things are pointing to blanket stoppage of all home foreclosures: one is the recent move by Bank of America to freeze foreclosures in all 50 states and the other is the upcoming November 2 midterm elections where people will surely think about the reeling economy when they vote. However pressing these two events may be, a top Read full article »
Title Insurances Finally Get Attention Amidst Foreclosure Freezing
Have you ever heard of anyone collecting title insurance? Perhaps none; yet if you are going to buy a home or refinance a mortgage, a title insurance gets the largest chunk in the itemized estimate for closing costs and fees. Though most home buyers and refinancers don’t bother to question this anymore because of the tiresome process of asking and Read full article »
tags: banks, title insurance
Foreclosure Sales Halted In All 50 States By Bank Of America
The heat is on: after pressure from the Senate and more homeowners, the country’s largest bank gives in. Last Friday, Senate Majority Leader Harry Reid, D-Nevada pleaded to major mortgage servicers and banks to extend the recent foreclosure freezing to all fifty states. According to him, if homeowners in 23 states get a chance at delaying foreclosures, so do those from Read full article »
tags: Bank of America, halt foreclosure
Homeowners Can Still Lose Home Even Without Mortgages
It’s a homeowner’s nightmare: contently living in a place without fear of foreclosure as the house is paid in full, only to have the bank pull the rug from under you and surprise you with an unexpected foreclosure. This was what happened with Jason Gordensky, who paid in cash for his South Florida home in December. Seven months later, Bank of Read full article »
This is box left header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box center header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.
This is box right header
All you need to do is to visit your Custom Homepage Images tab and upload new images (you can crop them after uploading) and enter text and links to replace this text.