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BofA to offer rentals as foreclosure alternative

March 30th, 2012 · No Comments · Foreclosure, Real Estate Law, Uncategorized

Tweet updated 3/23/2012 10:24:40 AM ET   “Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners. The “Mortgage to Lease” program, which was launched this week, will be available to fewer than [...]

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How foreclosures affect buyers and sellers

March 29th, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By Marcie Geffner, bankrate.com   “If anything is certain about the foreclosure crisis, it’s that it isn’t over. That fact has important implications, not only for people losing their homes, but also for those planning to sell or buy a home this year. As of January, about 3 million properties were in foreclosure, headed [...]

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Mortgage rates fall back below 4 percent again

March 29th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet By CHRISTOPHER S. RUGABER   “The average U.S. rate on the 30-year fixed mortgage fell back below 4 percent this week, staying near historic lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.99 percent from 4.08 percent last week. Last month, the rate touched 3.87 percent, the lowest [...]

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Foreclosure review deadline extended

March 29th, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet http://baynews9.com:   “If you lost your home through foreclosure and think you were unfairly thrown off your property, you now have more time to seek financial compensation. The federal government has extended the deadline to get a free, independent review of your case. The deadline was April 30, but now, you have until July 31. [...]

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Recovery? Trying to draw meaning from the chaos of new housing news in Florida

March 12th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By: Robert Trigaux, Business Columnist | Tampa Bay Times “Wake up and good morning. So is the Tampa Bay and Florida housing market at a bottom and really ready to start improving? The crystal ball remains murky but there’s no lack of housing activity on both sides of the equation to ponder. For openers: *  Homebuilder Newland Communities [...]

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Church Foreclosures Hit Record In 2011

March 11th, 2012 · No Comments · Foreclosure, News, Uncategorized

Tweet   “* 2011 a record year for church foreclosures * Churches hit by credit bubble, some devalued. * Churches faulting, struggling with “balloon” payouts * Banks say church foreclosure last resort By Tim Reid LOS ANGELES, March 9 (Reuters) – Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience [...]

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Q&A on Obama administration’s mortgage-aid plan

March 8th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet From:  Associated Press |   “The Obama administration is offering some relief to military service members, veterans and homeowners who have government-backed mortgages. Under a program President Barack Obama unveiled at a news conference Tuesday, the government would cut the fees it charges to insure those borrowers. The idea is that lower fees would [...]

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USDA to help rural homeowners refinance mortgages

March 5th, 2012 · 1 Comment · Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “A U.S. Department of Agriculture pilot loan program could lower interest rates and reduce mortgage payments for more than 20,000 rural homeowners in Florida. The program will allow underwater homeowners in rural areas to refinance mortgages at interest rates between 3.5 and 4.5 percent. Underwater mortgage holders owe [...]

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Some of Obama’s mortgage refinancing proposals will bypass Congress

February 27th, 2012 · No Comments · Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Kenneth R. Harney |  tampabay.com   “Primer on proposed refinancing package WASHINGTON — Though it was pronounced dead-before-arrival by opponents on Capitol Hill, President Barack Obama’s new mortgage refinancing package contained far more than legislative proposals. Significant portions of it that have received little media coverage require no prior approval from a hyperpartisan [...]

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Finding a place to live after losing your home

February 27th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Leonard Baron, Zillow   “If you are in the unfortunate financial position where you are losing your home due to foreclosure or short sale, your credit score is probably going to take a pretty hard hit. In “normal times,” this could make it really tough to rent your next place of residence. Luckily, these are [...]

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