Loan-modification hassles frustrate Oregon homeowners Homeowners in distress are losing time, money and peace of mind as they get trapped in a bureaucratic nightmare Requests to modify home loans and reduce mortgage payments, relatively uncommon a few years ago, have surged as borrowers struggle to avoid foreclosure. Many people requesting changes in their home loans [...]
Foreclosure Expert: The Worst is Yet to Come – Foreclosure filings reach nearly 3 million in 2009, record high The freshly painted burgundy shutters on a blue house on Shelby’s Arnold Drive fit in with the rest of the surrounding neighborhood. But there’s one difference between this house and others around it — this home [...]
HUD awards San Jose $25M in foreclosure aid funds The Department of Housing and Urban Development awarded $25 million to the San Jose NSP2 Consortium to help residents who have been hit by foreclosure. The consortium includes the Housing Trust of Santa Clara County, Neighborhood Housing Services Silicon Valley and the City of San Jose [...]
Home foreclosures spark new market for apartment dwellers A toddler played with toys in a playpen a family set up on the balcony of their new, luxury town home in Desert Hot Springs on Friday Nearby, a green flag flapping in the breeze called attention to the “Free 1 Month” rent sign. The Willow Crest [...]
Courts Intervene to Help Homeowners The courts are becoming the last refuge for homeowners who are in foreclosure but still hope to remain in their homes under a loan modification. Actions taken by courts or by the state government in Pennsylvania, Florida, New Jersey and Connecticut are requiring mediation between mortgage servicers and delinquent borrowers [...]
Feds pouring $37 million in grants into foreclosure-ravaged Flint to help neighborhoods FLINT, Michigan — Will an unprecedented $37 million be enough to give Flint a sorely needed facelift? The federal government is pouring a staggering amount of money into the city in an attempt to revitalize a city ravaged by foreclosures and an astonishing [...]
NV delegation questioning HUD funding decision LAS VEGAS—Members of Nevada’s congressional delegation are demanding to know why the Las Vegas area didn’t get part of nearly $2 billion in federal stimulus money for areas most affected by the U.S. housing crisis. Senate Majority Leader Harry Reid, D-Nev., said in a statement Thursday he was “extremely [...]