Archive for August 2011

How to rescue the housing market: Foreclosures! – CNN

KXLY Spokane How to rescue the housing market: Foreclosures!CNNNEW YORK (CNNMoney) — If the Obama administration really wants to save the housing market, it should speed up the foreclosure process — not prolong the inevitable, experts say. Four years into the housing …Many Current Home Sales are Foreclosed PropertiesBestCashCow.com (blog)all 81 news articles » View full [...]

Chart: Foreclosures lead to health problems – Washington Post (blog)

Wall Street Journal Chart: Foreclosures lead to health problemsWashington Post (blog)By Suzy Khimm ( WALL STREET JOURNAL) The stress of foreclosures is bad for your health. Just how bad? “An increase of 100 foreclosures corresponded to a 7.2% rise in emergency room visits and hospitalizations for hypertension, and an 8.1% increase for …Tying Health Problems [...]

How to rescue the housing market: Foreclosures! – CNNMoney

How to rescue the housing market: Foreclosures!CNNMoneyNEW YORK (CNNMoney) — If the Obama administration really wants to save the housing market, it should speed up the foreclosure process — not prolong the inevitable, experts say. Four years into the housing …and more » View full post on foreclosures – Google News

What’s worse for credit score — foreclosure, short sale or deed in lieu? – Washington Post

What's worse for credit score — foreclosure, short sale or deed in lieu?Washington PostPeople can just let the home go to foreclosure, and this will affect their scores for seven years. Or they can do a deed in lieu of foreclosure. With a deed in lieu, you voluntarily give your home to the lender in [...]

Tying Health Problems to Rise in Home Foreclosures – Wall Street Journal

Wall Street Journal Tying Health Problems to Rise in Home ForeclosuresWall Street JournalNow two economists have measured just how unhealthy the foreclosure crisis has been in some of the hardest-hit areas of the US New research by Janet Currie of Princeton University and Erdal Tekin of Georgia State University shows a direct correlation …and more » [...]

HUD extends foreclosure-prevention program – Boston Herald

HUD extends foreclosure-prevention programBoston HeraldUncle Sam is offering unemployed and underemployed Bay State homeowners who face foreclosure up to $50000 in interest-free grants or loans — but you only have two weeks to sign up. The US Department of Housing and Urban Development …and more » View full post on foreclosures – Google News

New York Lawmakers Criticize Schneiderman’s Removal From Foreclosure Panel – Bloomberg

New York Lawmakers Criticize Schneiderman's Removal From Foreclosure PanelBloombergAttorneys general from all 50 states last year announced their investigation into bank foreclosure practices after reports that faulty documents were being used to seize homes. “We have not received the letter,” Geoff Greenwood, a Miller spokesman, …Attorneys General Quarrel Postpones Aid to HomeownersADI NewsThe Man Who [...]

Home Foreclosure and Purchase Advice at Workshop – Patch.com

Home Foreclosure and Purchase Advice at WorkshopPatch.comFamilies in crisis fighting a foreclosure can face obstacles from all sides as they struggle to keep their home and maintain a quality of life. This is where the Housing Opportunities Collaborative can help make sense of it all, offering free services …and more » View full post on foreclosures [...]

Radar Logic Expresses Concerns About Federal Foreclosure Sales – Bryan Ellis Real Estate Letter

Radar Logic Expresses Concerns About Federal Foreclosure SalesBryan Ellis Real Estate LetterGiven that the pools of foreclosures would sell at deep discounts, the data firm warned that this would negatively affect properties in the area if these distressed properties were factored into home appraisals. “Even if local appraisers do not use the …and more » View [...]

Refinancing Mortgages Won’t Fix U.S. Housing: Edward Glaeser – Bloomberg

Refinancing Mortgages Won't Fix U.S. Housing: Edward GlaeserBloombergThe measure's supporters tout this as an almost cost-free way to stimulate the economy, boost the housing market and reduce foreclosures. But universal refinancing is far from free, and is poorly designed to stimulate either the economy or the housing …US Struggles as Biggest Seller of Homes in [...]