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Category Archives: Uncategorized
The FHA announced a change to its current policy on handling unemployed homeowners currently unable to make their monthly mortgage payments. Up until the change in policy, unemployed homeowners were qualified for up to a four-month forbearance period. Essentially four … Continue reading
Thanks to Bloomberg for Content: U.S. banks, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement framework with state attorneys general that may let firms choose from a menu of options for helping borrowers, … Continue reading
The Federal Housing Administration is suspending its anti-flipping rule for a second year, extending the waiver until the end of 2011. http://www.boston.com/realestate/news/blogs/renow/2011/02/for_better_or_w.html
This Is News Worthy….Bank Promised To Negotiate A Loan Modification If The Home Owner Stopped His Bankruptcy. Guess What Happened Once The Bankruptcy Was Stopped. Exactly!!! While it is the Ninth Circuit’s Decision…Hopefully Other Circuit’s Follow Suit. Read This Link..and … Continue reading
This is not really news…but it certainly reinforces what we have been reporting over the past calendar year. The article attached, posted on Boston.com lays out some highlights…lowlights..and insights to the foreclosure epidemic. http://www.boston.com/realestate/news/articles/2011/01/20/state_foreclosures_rise_steeply_in_2010/?p1=Well_RE_Article
This bill (introduced by the Democrats) gives homeowners the ability to petition a judge and stay on a renter for an additional 5 years. All other arguments aside, why is everyone assuming the courts have the ability to handle hundreds … Continue reading