Congressman Steve Cohen (D-Tennessee) last week introduced a bill aiming to help prevent foreclosures across the country. After the House passed measures to terminate federal foreclosure prevention programs, Cohen stepped in with a new measure to provide federal funding for foreclosure mediation programs. Cohen’s office said the legislation passed by the House “harms homeowners.” His …
Free online software for the creation of personalized mortgage modification applications under the federal Home Affordable Modification Program (HAMP) and otherlender programs is now available from FreeMortgageFix.com. Borrowers can complete an application to modify existing home loans via the site’s user dashboard. “Paperwork is undeniably the No. 1 reason for the delays with the HAMP …
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Some think nationwide market will be flooded with sales of foreclosed homes, but O.C. numbers mean something else. Some top real estate consultants have forecast that banks will flood the nationwide market with foreclosed homes later this year, driving down prices in the process, but the picture in Orange County may not be so clear. …
American housing in the next decade is expected to be shaped by the changing values of adults ages 46 to 64, a study by the Urban Land Institute indicates. The people in this demographic are healthier than the previous generation of home buyers and expect to work, at least part-time, past the typical retirement age. …
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