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Tag Archives: foreclosures
Short sales receiving a boost
The Federal Housing Agency or more commonly known as the FHA has put out new rules aimed to quicken the pace of short sales in order to save many from foreclosure. For those of you who do not know … Continue reading
Bank of America announces new mortgage plan
Bank of America has announced a new program that will let homeowners who face foreclosures stay in their home as renters. The “Mortgage to Lease” program as of this moment could affect up to 1,000 selected homeowners in Arizona, Nevada … Continue reading
Posted in Economy, Rental
Tagged arizona, bank of america, foreclosures, mortgage to lease, nevada, new york
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Housing settlement details revealed
Final details in the $26 billion mortgage settlement were released by the Department of Justice on Monday. The purpose of the settlement was to assist struggling homeowners settle charges against banks of abusive and negligent foreclosure practices. Pending judicial … Continue reading
Posted in Economy
Tagged 26 billion mortgage settlement, department of justice, foreclosures, housing market, relief
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Foreclosures lowest since 2007
Foreclosure filings and reposessions last year fell to their lowest level since 2007. According to RealtyTrac, filings were down 33% for the year totalling 2.7 million. 804,000 homes were repossessed and 1 out of every 69 homes had at least … Continue reading
Posted in Economy, Harker Heights Real Estate, Killeen Real Estate
Tagged foreclosures, HARP, housing market, realtytrac, recovery
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