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Foreclosure filings fall 8% in November
13 hours ago ago from The Price Report
WASHINGTON (AP) – Dec. 10, 2009 – The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help. Nearly 307,000 households, or one in every 417 homes, received a foreclosure-related notice in November, down 8 percent from a month earlier, RealtyTrac Inc. said Thursday. Banks repossessed about 77,000 homes last month, ...
Related contentWhen (if ever) Should You Walk Away From a Mortgage
18 hours ago ago from The Dough Roller
A reader asks whether he should walk away from his mortgage Recently a reader e-mailed me asking whether he should walk away from his mortgage. In 2007, he bought a condo with no money down on a 5-year adjustable rate mortgage, and the property is now worth $25,000 less than he owes. Although he can afford the mortgage, he is considering walking away from his mortgage. The question is whether he should walk out on the mortgage. I ...
Related contentForeclosure Workouts to Get Your House Back
16 hours ago ago from Stimulus Grants and Recovery Act Money
Posted by Doc Schmyz on December 11, 2009 under Finance | Be the First to Comment The last thing anyone wants to loose is your house. Unfortunately even though we know this fact, sometimes we tend to take our mortgage payments for granted and end up loosing our homes. In this case, a home foreclosure will happen. When a borrower fails to pay his or her mortgage for a number of payments (usually 3 or 4) the lender will issue a foreclosure ...
Related contentForeclosure Activity Falls For The 4th Straight Month
12 hours ago ago from Mortgage News You Can Use
Mortgage News You Can Use To be notified when I write something new, sign up for daily email alerts or subscribe to the feed . Foreclosure Activity Falls For The 4th Straight Month Since peaking in July 2009, national foreclosure activity has dropped through 4 consecutive months. On a month-to-month basis, November's foreclosure activity fell another 8 percent. However, national foreclosure activity continues to ...
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Nevada swearing in 75 more foreclosure mediators
12 hours ago ago from PopEater
LAS VEGAS -The Nevada Supreme Court is swearing in 75 more mediators to the Nevada Foreclosure Mediation Program. The new group brings to 170 the number of attorneys, hearing officers and senior judges available to help homeowners and lenders reach middle ground in the state with highest foreclosure rate. Chief Justice James Hardesty will swear in mediators by videoconference Friday in Supreme Court courtrooms in Carson City and Las Vegas. ...
Related contentAnother wave of Phoenix-area foreclosures forseen
12 hours ago ago from PopEater
TEMPE, Ariz. -An Arizona State University professor is predicting another wave of home foreclosures early next year in the Phoenix metropolitan area. Associate Professor of Real Estate Jay Butler is the author of the latest Realty Studies report from the W. P. Carey School of Business at ASU. He believes the foreclosure rate will pick up after the first of the year because of the continued weak job market and frustration on the part of ...
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