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Archive for October, 2010

Foreclosures Continue To Batter Major Metro Areas

Foreclosures Continue To Batter Major Metro Areas

Once again cities in California, Florida, Nevada and Arizona lead the league when it comes to metro foreclosures, according to the latest figures for the third quarter from RealtyTrac.com. California, Florida, Nevada and Arizona cities also accounted for 19 of the top 20 metro foreclosure rates. The only exception was Boise City-Nampa, Idaho at No. […]

Posted in: Foreclosures
New Real Estate Dance: Do The Double-Up

New Real Estate Dance: Do The Double-Up

With all the news regarding foreclosures and declining homeownership it might be worth mentioning that real estate is keeping a lot of people out of poverty — especially those aged 25 to 34. Figures from the Census Bureau confirm what’s widely been seen throughout America: Matt and Martha are moving back in with Mom and […]

Posted in: Foreclosures
Foreclosures: Why The New York Times Is Wrong

Foreclosures: Why The New York Times Is Wrong

The latest stumble in the foreclosure mess — and probably not the last — has been the revelation that huge numbers of sworn affidavits have been improperly signed. This is not a one-time whoopsie of the type we all make. This is a large-scale practice in which tens of thousands of affidavits were improperly signed, […]

Posted in: Foreclosures
Military Families To Get Mortgage Relief
By October 18, 2010 0 Comments Read More →

Military Families To Get Mortgage Relief

Military families struggling to stay current on their mortgage payments may be in line for some relief. Fannie Mae and some of the country’s top mortgage lenders have agreed to establish special forbearance procedures for Armed Forces members. Service members injured on active duty can have their mortgage payments reduced or eliminated for up to […]

Posted in: Mortgages
The Real Foreclosure Crisis: Who Owns The Mortgages?

The Real Foreclosure Crisis: Who Owns The Mortgages?

For all the headlines given to foreclosure affidavits and robo-signing virtually no one has mentioned the real point, the idea that the affidavits themselves may not prove loan ownership regardless of how they were signed. For several years foreclosure defense attorneys have been telling anyone who would listen that the entire foreclosure process is flawed […]

Posted in: Foreclosures
Up-Front Reverse Mortgage Fee Now Less Than An Oil Change

Up-Front Reverse Mortgage Fee Now Less Than An Oil Change

HUD is out with its newly-minted HECM Saver reverse mortgage and the program has one stunning feature: It requires virtually no FHA insurance premium up front. Reverse mortgages are often in the news, an unusual loan program intended for home owners age 62 and above. In essence, a reverse mortgage is a huge, negatively amortizing […]

Posted in: Mortgages