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As we shared last week, Fannie Mae, Freddie Mac, and Citigroup said they will not foreclose on families during the holidays.
And as expected, other major lenders have followed suit, including Bank of America, JPMorgan Chase, and Wells Fargo.
Bank of America is halting all foreclosure sales and evictions from December 21, 2009 ...
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In an unexpected gesture of goodwill, Fannie Mae and Freddie Mac will suspend foreclosure evictions
from December 19, 2009 through January 3, 2010. To help
struggling families over the holidays, both owner-occupants and
tenants living in properties foreclosed upon by Fannie Mae will
not be evicted. Freddie Mac's suspension of evictions ...
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FHA to toughen rules for borrowers
The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing costs. The proposed changes are part of an effort to shore up the ...
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One in four borrowers is underwater
Despite recent indicators that the housing market is improving,a new report shows that one in four mortgage borrowers are underwater, meaning they owe more on their mortgage than their home currently is worth. According to First American CoreLogic, nearly 10.7 million households had negative equity in ...
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[calendar:2009-11-08 2009-11-08]
Riverside County, California
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We invite everyone to visit our open house at 14957 Old Grove Road on
November 8
from 10:00 AM to 1:00 PM.
Property information
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[photo:listing:5245006]
Short Sale • 1,666 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $150,000 - Nice Price!
Central Riverside, Riverside - Beautiful, nearly new KB home in gated community. Light and bright open floor plan with many upgrades. Large kitchen with granite counter tops, upgraded cabinets, and tile floor. ...
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Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing their home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.Reasons For Pending ForeclosureApart from those who knowingly ...
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Riverside, San Bernardino - The 2 story at 3803 Clarkson Street has been sold. This was a short sale that the family owed over $400,000 and we were able to sell it for $189,000. AND the bank agreed with us, and told the seller they did not have to repay the difference! AND the bank paid all the fees associated with the sale, so it ...
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Would You Like $8,000? Buy a Home. Soon!
To stimulate the economy,
Washington juiced up the stimulus plan passed last year in February. Two
benefits for FTHBs (First Time Home Buyers) were that the amount of the tax credit was increased from up
to $7,500 to $8,000. And, more importantly, the amount of the credit does not
have to be ...
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CNN is searching for a bottom in the housing market
With consumer confidence rising in May to its highest level in eight months, housing starts increasing more than 17 percent in May compared with the previous month, and sales of existing homes climbing 2.9 percent in April nationwide, it appears that the housing market may be stabilizing.
So ...
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