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Observers expect slow growth for county economy in 2012

… About half of the sales last year were foreclosures or short sales, where the price was less than the amount owed on the mortgage. With the distressed properties, “there’s no … It peaked in 2005 at $595,000. Foreclosure sales are likely to increase in … Go to Source





Julian Knight: This could be the year Britain abandons the dream of being a nation of property owners

… being kept artificially low, there are more mortgages available now than there have been … the economy heads south, will have to foreclose, bringing more properties into auction halls. … ;t be pressure on banks to foreclose. In short, the status quo since 2007 … Go to Source





Appraisers could be next Myrtle Beach area mortgage fraud focus

… calling them active participants in a widespread mortgage fraud scheme, the appraisers are accused … all of the homes went into foreclosure. RBC Bank said its loan … on the appraisals to determine whether the mortgages were properly secured by the real estate … Go to Source





More face losing homes, but foreclosure rate on decline in Tuscarawas

… of court offices statewide begin tracking foreclosure data in 1990. There were … ’re still seeing that most of the foreclosure filings are by financial institutions … Nationally, The Associated Press reported that fixed mortgage rates rose slightly last week. … Go to Source





Loan Modifications Provide Limited Help in Reducing Foreclosures

… financial difficulty. The programs include Making Homes Affordable and the Housing Affordability Mortgage Program (HAMP) helps homeowners avoid foreclosure by restructuring or modifying their current loans. … Go to Source





Mortgage aid programs still not helping distressed homeowners

… able to modify their mortgage payment under the two big foreclosure prevention programs … for homeowners struggling with their mortgages. Some help underwater homeowners become … instance, but that can trigger a foreclosure action by the lender. For example, … Go to Source





More than 950 lose homes to foreclosure

… thought they could challenge a foreclosure because the bank that wrote the loan sold the mortgage through an electronic recording system. "If you … that many have a hard time paying their mortgage during tough times. "You have … Go to Source





Mortgage-aid program results mixed

… able to modify their mortgage payment under the two big foreclosure prevention programs … for homeowners struggling with their mortgages. Some help underwater homeowners become … payments in the face of an inevitable foreclosure, throwing money away on a lost … Go to Source





On homes and real estate: How to find foreclosed properties to buy

… ’ve all heard about the housing market and the foreclosures. But can you please tell us … seems like an example of the banks and mortgage lenders being outright snobs in … prejudice against its qualifying for a regular mortgage. • Edith Lank will respond to … Go to Source





Mortgage Professor: Do I qualify for a mortgage?

… (1) absence of recent bankruptcy and foreclosure; (2) acceptable combination of credit … or foreclosure, you are not going to qualify for a mortgage. The system is … can be documented. Debt payments include the mortgage payment, real estate taxes and homeowners … Go to Source