Archive for February, 2010

The Effects of The Obama Foreclosure Policy

Friday, February 5th, 2010

The main goals of the Obama foreclosure policy are to encourage more approvals for loan modifications, boost the number of approved applications for refinancing, and offer more home loans to people who want to acquire a house for the first time.  The Helping Families Save Their Homes Act that was ...

The Thee Stages in Buying a Foreclosure Property

Tuesday, February 9th, 2010

The technique to apply when buying a foreclosure property will vary depending on the stage in which the property is in at the time when you indicate your interest to purchase.  The first stage is the pre-foreclosure process after the Notice of Default has been issued and the lender is ...

Housing Crisis Still on the Rampage with More Forecloser Homes

Saturday, February 6th, 2010

The number of forecloser homes increased by more than five percent during the third quarter of 2009 when compared to the previous quarter.  The increase occurred despite the presence of the Making Home Affordable program of the federal government that attempts to help borrowers undergoing financial hardships to get a ...