November 30, 2008 by admin
What is a bank foreclosure?Unless you have been hanging out under a rock you already, know that the housing market in the United States has been falling in value, which is caused partly by the number of homes that are facing foreclosure.In many situation The borrowers of these loans for whatever reason failed to make their monthly payments as they had agreed to. In turn, the bank, which held...
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Posted in foreclosures | 6 Comments
November 30, 2008 by admin
2009 commercial real estate outlook darkens Posted on November 24, 2008 2009 commercial real estate outlook darkensThe 2009 outlook for the commercial real estate sector has turned suddenly bleak. Rents and vacancies at shopping centers and office buildings will suffer the most. Tags: real estate investor, real estate investing, real estate marketing, real estate, realtor Real Estate Hea...
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November 29, 2008 by admin
The government's program to refinance delinquent mortgages into affordable government-insured loans has been enhanced. Among the improvements are increased loan-to-values, extended loan terms and immediate compensation for second mortgage companies. More than ever before FHA home loans have been the backbone supporting mortgage brokers and lenders with subprime and foreclosure prevention products...
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November 29, 2008 by admin
Department of Housing and Urban Development makes changes to Hope for Homeowners plan aimed at increasing participation.
By Les Christie, CNNMoney.com staff writer
Last Updated: November 19, 2008: 5:04 PM ET
NEW YORK (CNNMoney.com) -- The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to particip...
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November 28, 2008 by admin
Todays news on www.forbes.com describes what many timeshare owners already know: timeshare loans are increasingly getting behind and defaulting. The Fitch ratings say that "total timeshare delinquencies increased 4.1 percent in September, compared with 3.1 percent for the same period in 2007." Now may be the time to go ahead and sell your timeshare. If you are not using your timeshare it will qui...
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