Upcoming Foreclosures - HUD Foreclosures News

HUD Foreclosures News

Big banks allow local groups to buy foreclosed homes Thursday, September 2, 2010 @ 5:23AMMajor banks are agreeing to give localgovernments and nonprofit groups theability to buy foreclosed homes beforethey are sold to private investors.
Historic buildings in Lawrence get new life as affordable housing Wednesday, September 1, 2010 @ 9:36PMIt’s always been known as a difficult neighborhood, plagued by foreclosures and the severe neglect of the properties that line its streets. But now, thanks to a program led by Lawrence Community Works, four buildings in the city’s North Common neighborhood are being renovated to serve as affordable housing for working families. Affordable housing - Foreclosure - Real estate - Business ...
HUD program helps governments, nonprofits snap up foreclosures Wednesday, September 1, 2010 @ 10:50AMThe U.S. Department of Housing and Urban Development on Wednesday announced an agreement with top mortgage lenders to offer local governments and nonprofits the chance to buy foreclosed homes before they're made available to private investors.
Bargain Hunters Can Make Themselves at Home in Foreclosure Segment of Metro Chicago Real Estate Market, Reports RE/MAX Wednesday, September 1, 2010 @ 2:01AMForeclosures will play a significant role in home sales for at least the next two to three years. The idea of getting a foreclosed home at a bargain price is enticing, but shopping the foreclosure market is quite different from buying a traditional existing home, and buyers need to understand how things work in this unique market.
Home truths for complacent economists | Dean Baker Tuesday, August 31, 2010 @ 9:35PMTax credits disguised the fundamental weakness of the US housing market. The reality reveals bleak prospects for growth The howls of surprised economists were everywhere last week as the government reported on Tuesday that July had sharpest single-month plunge in existing home sales on record. The next day the commerce department reported that new home sales hit a post-war low in July. All the ...
Oct. 2, FREE “KEEP YOUR HOME” Foreclosure-Prevention Event At Hemmens Cultural Center in Elgin Tuesday, August 31, 2010 @ 8:17AM--(BUSINESS WIRE)--Oct. 2, FREE “KEEP YOUR HOME” Foreclosure-Prevention Event at Hemmens Cultural Center in Elgin. Free, professional assistance to help homeowners at risk of foreclosure modify their loans.
Oct. 2, FREE "KEEP YOUR HOME" Foreclosure-Prevention Event At Hemmens Cultural Center in Elgin Tuesday, August 31, 2010 @ 8:04AM----WHEN:
Another Homebuyer Tax Credit? Monday, August 30, 2010 @ 1:28PMFrom HUD to the hedge funds, talk of another home-buyer tax credit is gaining steam.
Obama Administration Plans Two Mortgage-Aid Steps, HUD Chief Donovan Says Sunday, August 29, 2010 @ 10:44AMThe Obama administration plans to take two new steps in the next few weeks to help struggling homeowners pay their mortgages, Housing and Urban Development Secretary Shaun Donovan said.
Lewis: Former HUD secretary still building his legacy Saturday, August 28, 2010 @ 2:12AMHenry Cisneros has been erased from history. Remember the Alamo? Cisneros became one of the first Latino mayors in America when he ran San Antonio, Texas, from 1981 to 1989.
HUD offering interest-free loans to reduce foreclosures Saturday, August 28, 2010 @ 12:08AMLoans of up to $50,000 are for homeowners in 'hard-hit' areas; Washington not on list of 17 states eligible for aid.
Foreclosures continue to climb in DeKalb Friday, August 27, 2010 @ 12:47PMDeKalb County residents continue to feel the burden of a faltering economy as more than 2,000 foreclosure notices were posted in a month for the second time this year, according to data released by Alpharetta-based Equity Depot last week.
HUD Shares Plans for New Reverse Mortgage Option Friday, August 27, 2010 @ 9:04AMLower Upfront Costs to Be Key Feature of New Version of FHA Home Equity Conversion Mortgage
Foreclosures aren't over, despite quarterly drop in mortgage delinquency Thursday, August 26, 2010 @ 12:58PMForeclosures may come down as the jobs market improves, but the share of home loans in serious trouble remains elevated.
Report: Mac-Clair Mortgage Corporation failed to properly underwrite certain Federal Housing Administration loans, may ... Thursday, August 26, 2010 @ 8:43AMA local mortgage company and/or its owner may have to pay $1.18 million after a probe into the company by a government watchdog agency found it failed to properly underwrite seven of 20 Federal Housing Administration loans it reviewed.
Vacated apartments cause concern Wednesday, August 25, 2010 @ 11:29PMTucson - The Vista Sierra apartment complex on Fort Lowell was shut down in June because conditions got so bad. The heating and cooling system broke down several times and the complex was forced into foreclosure.
The ethics of strategic default Monday, August 23, 2010 @ 5:17PMHere are three words that can stir moral outrage: Just walk away.
U.S. Housing official coming to Lowcountry Sunday, August 22, 2010 @ 11:33PMThe U.S. Department of Housing and Urban Development's No. 2 official is coming to the Lowcountry.
America Fights Foreclosure: Lifelines For People Fighting To Keep Their Homes Saturday, August 21, 2010 @ 3:38PMThe great American Dream of owning a home has never looked so impossible to achieve: roughly 1.65 million homes are in the foreclosure pipeline, housing prices are at an all-time low, and nearly 7% of mortgage holders are more than 60 days late on their payments. Despite the dreary picture, there are an ever-increasing number of lifelines for people trying to avoid foreclosure:
HAMP data for July Friday, August 20, 2010 @ 11:02AMClick on table for larger image in new window. About 422 thousand modifications are now "permanent" - up from 389 thousand last month - and 617 thousand trial modifications have been cancelled - up sharply from 521 thousand last month.
Obama Administration Housing Scorecard Shows Continued Progress in Housing Market, but Challenges Remain Friday, August 20, 2010 @ 10:45AMWASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the August edition of the Obama Administration's Housing Scorecard ( www.hud.gov/scorecard ), a comprehensive report on the nation's housing market.
NEWS RELEASE: Howard County declared disaster, receives relief Thursday, August 19, 2010 @ 4:34PMOn Tuesday, President Obama issued a disaster declaration for Adair, Andrew, Atchison, Buchanan, Caldwell, Carroll, Cass, Chariton, Clark, Clinton, Daviess, DeKalb, Gentry, Grundy, Harrison, Holt, Howard, Jackson, Lafayette, Lewis, Livingston, Mercer, Nodaway, Putnam, Ray, Schuyler, Scotland, Sullivan, and Worth Counties. The President’s declaration allows HUD to offer foreclosure relief and ...
Wichita Executive Centre's refinance set for fall Thursday, August 19, 2010 @ 12:07AMRumors of Exchange Place's demise have been greatly exaggerated, say its developers.
Casey, Fattah Highlight Benefits of New Emergency Mortgage Relief Law Wednesday, August 18, 2010 @ 3:13PMPHILADELPHIA, Aug. 18 /PRNewswire-USNewswire/ -- Homeowners who have lost their jobs and face foreclosure will benefit from the new $1 billion emergency mortgage relief program scheduled to go into effect by Oct. 1, Senator Bob Casey (D-PA) and Congressman Chaka Fattah (D-PA) announced today.
Short Sale Seminar Sept 2010 Will Provide Answers For Troubled Homeowners Wednesday, August 18, 2010 @ 2:00AMAija Halliday, a Realtor who specializes in Silicon Valley properties is participating in a seminar specifically for homeowners who need answers about methods of preventing foreclosure on their homes. The free event will be attended by certified HUD counselors as well as attorneys who can help homeowners get honest answers to the confusing questions they are facing, as well as specific advice ...
Workshop focuses on foreclosures Wednesday, August 18, 2010 @ 12:35AMBank of America, Chase and local HUD-approved Housing Counseling Agencies will be present at an Aug.
Newsweek: How renters' aid spurs the housing market Tuesday, August 17, 2010 @ 3:26PMFederal aid for renters sparked a near-riot in Atlanta, but that's because it's so successful. How Section 8 is helping to spur the housing market. Atlanta - Section 8 - Real estate - Business - Housing
Housing Policy Discussion Finds Little Common Ground Tuesday, August 17, 2010 @ 2:41PMLenders, affordable housing experts, financiers, and others focus on vastly different priorities and factors during Treasury housing summit panel.
How Renters' Aid Is Helping the Housing Market Tuesday, August 17, 2010 @ 9:36AMFights, hospitalizations, and all-around chaos--was it a reenactment of the infamous Rolling Stones Altamont concert , or a political protest gone awry? No, in a suburb of Atlanta last week, the near-riot took place in a very, very long line, estimated at 30,000 people or more, for a government rent-aid program. The prize: an application to get on a waiting list for Housing Choice Vouchers ...
Monroe County private communities can't have the foreclosure aid they need Monday, August 16, 2010 @ 12:07AMFederal foreclosure rehab funds can't be used in the Monroe County private developments where the need is greatest, frustrating one local official. The Monroe County Redevelopment Authority received an $825,000 grant through the U.S.
Monroe County private communities can't have the foreclosure aid they need Sunday, August 15, 2010 @ 11:06PMFederal foreclosure rehab funds can't be used in the Monroe County private developments where the need is greatest, frustrating one local official.
Consumers can get aid now to avoid foreclosure Sunday, August 15, 2010 @ 10:44PMThe statistics on home mortgage foreclosures are sobering. One in every 200 homes will be foreclosed upon. One child in every classroom in the United States is at risk of losing his home because his ...
Dem Doubts Mortgage Relief Programs Friday, August 13, 2010 @ 5:19PMA Democratic congressman has issued a letter to President Obama slamming Housing Urban Development Secretary Shaun Donovan for claiming in an op-ed that California’s Central Valley has seen an improvement from the height of the foreclosure crisis.
1,616: Foreclosures set record for Cobb Thursday, August 12, 2010 @ 11:05PMMARIETTA - A record number of Cobb properties - 1,616 - are bound for the foreclosure auction block next month. The county's previous record was for the October 2009 sale, when 1,609 properties ...
The houses that City Hall built Thursday, August 12, 2010 @ 4:57PMThis story originally appeared in The Buffalo News on Sunday, March 7, 2010. Buffalo spent $30 million over the past quarter century to help people buy homes they couldn't otherwise afford as part of the city's attempt to rebuild blighted communities.
Calif. Dem blasts HUD for happy talk Thursday, August 12, 2010 @ 3:25PMCardoza says Washington is out of touch on housing crisis.
Obama Administration Announces Additional Support for Targeted Foreclosure-Prevention Programs to Help Homeowners ... Thursday, August 12, 2010 @ 3:23PMRISMEDIA, August 13, 2010—The Obama Administration recently announced additional support to help homeowners struggling with unemployment through two targeted foreclosure-prevention programs. Through the existing Housing Finance Agency (HFA) Innovation Fund for the Hardest Hit Housing Markets (the Hardest…
Foreclosure Prevention Program Thursday, August 12, 2010 @ 3:21PMWASHINGTON – The Obama Administration today announced additional support to help homeowners struggling with unemployment through two targeted foreclosure-prevention programs.
TN to get $81M in mortgage aid to help the unemployed avoid foreclosure Thursday, August 12, 2010 @ 12:58PMWASHINGTON - Tennessee will receive $81.1 million to help struggling homeowners avoid foreclosures as part of a $3 billion assistance program announced Wednesday by the Obama administration.
Treasury and HUD's $3 Billion Effort to Prevent the Jobless from Foreclosing Thursday, August 12, 2010 @ 11:56AMTheir hearts are in the right place, but the concept is flawed and the execution will be a mess. Foreclosure - Unemployment - New Jersey - United States Department of Housing and Urban Development - Mortgage
U.S. Plans More Aid for Jobless Homeowners Thursday, August 12, 2010 @ 11:03AMThe aid, about $3 billion, comes against the backdrop of a weakening economy, high unemployment and a housing market destabilized by foreclosures.
Hardest-hit states get more mortgage aid funds Thursday, August 12, 2010 @ 7:35AMThe U.S. Treasury Department said Wednesday that it is sending an additional $2 billion to what it calls the 17 "hardest hit" states to help unemployed homeowners pay their mortgages. California, which was previously awarded $700 million from the Hardest Hit... United States - Mortgage - United States Department of the Treasury - California - Business
Feds: Black comedian denied right to buy house Wednesday, August 11, 2010 @ 4:01AMDavid Roeder: Federal officials Tuesday charged a Bridgeport couple and their real estate agent with housing discrimination, alleging that they refused to sell a home to black buyers. The complaint reads like something that reared its head out of Chicago history, circa 1970.
Foreclosure prevention workshop Sat. Tuesday, August 10, 2010 @ 11:43PMCOVINGTON — Homeowners facing foreclosure could find help at a free workshop this weekend hosted by a local nonprofit organization.
Elgin may use stimulus funds to buy, rehab foreclosed home Tuesday, August 10, 2010 @ 12:00AMElgin leaders could spend about $281,000 in federal stimulus money to buy and rehabilitate a vacant, foreclosed home on the city's near west side.
FHA to demand heftier downpayments? Monday, August 9, 2010 @ 8:15AMIn his blog this week, mortgage broker Dennis C. Smith of Stratis Financial in Huntington Beach looks at what's on the horizon regarding FHA rules: Q: Are there more changes coming to FHA loans? A: “Yes FHA will be changing once again. We are...
Black homeowners being hit hard by foreclosure crisis Monday, August 9, 2010 @ 5:11AMAs the nation’s foreclosure crisis has ripped through communities in every state, the National Association of Real Estate Brokers held a special “call to action” at its annual conference held in Fort Worth last week, saying the African American homeowner communities have been hit harder than other home owner segments.
Oscar-winner Patricia Neal dies at age 84; as well-known for her health battles as fine acting Sunday, August 8, 2010 @ 10:24PMKNOXVILLE, Tenn. - Actress Patricia Neal, who won an Oscar in 1964 for "Hud" and later fought back from crippling strokes, has died at age 84. Neal had lung cancer and died at her home in Edgarton, Mass., on Martha's Vineyard, Sunday morning, said longtime friend Bud Albers of Knoxville, Tenn.
Staying afloat, avoiding underwater mortgage Saturday, August 7, 2010 @ 1:26AMAdvice from Realtors on how to avoid losing home due to "underwater mortgage."
Staying afloat, avoiding underwater mortgage Saturday, August 7, 2010 @ 1:07AMMany New Jersey families are struggling to meet their monthly mortgage payments, and reports indicate that New Jersey currently ranks 11th in the nation for foreclosure filings.