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Since homes values are down, a lot of home owners find they owe more on their home than what they can actually sell it for. This is where a short sale comes into the picture. A short sale is where the sellers existing mortgage company agrees to take a payoff for less than what the [...]
Are the current economic conditions having you considering uprooting and moving? If so, your not alone, Texas has seen an increase in relocation of people looking for work to support their families. Houston, Texas and its surrounding area is a great place to live. Texas has seen some reductions in home and retail sales but not like other states. There has been a slight decline in sales and [...]
Relocating and finding a new home can be a headache, if you don’t have someone to help you. Fellwock Real Estate Group is here to help you find that dream home, in just the right neighborhood, with just the right schools. One of the scariest and most important things to many people, who are preparing [...]
Representative Tim Bishop has issued a statement in support of the Helping Families Save Their Homes Act which was approved by the U.S. House of Representatives. The bill, which is aimed at abating the flood of foreclosure homes (http://www NULL.bankforeclosuressale NULL.com/) in the county, is now on the Senate for consideration. The measure is expected [...]
The Illinois (http://www NULL.illinois-foreclosure-homes NULL.com/) Department of Human Services (IDHS) and the U.S. Department of Housing and Urban Development (HUD) have signed the Neighborhood Stabilization Program (NSP) agreement aimed at helping distressed neighborhoods reduce the number of foreclosure homes (http://www NULL.bankforeclosuressale NULL.com/). The program will provide emergency assistance of $53 million to non-profit organizations, developers [...]
Last February, President Barack Obama announced his $275 billion anti-foreclosure homes (http://www NULL.bankforeclosuressale NULL.com/) plan intended to help nearly 5 million owners of distressed properties (http://www NULL.findforeclosureproperties NULL.com/). The anti-foreclosure homes plan was welcomed with much hope by the housing industry and millions of distressed borrowers, but not by some troubled homeowners in Washington who [...]
The combined number of defaults and mortgage loans in foreclosure process (http://www NULL.foreclosuredeals NULL.com/foreclosure-process NULL.php) has now reached its highest level of 11.18 percent, according to the Mortgage Bankers Association’s (MBA) National Delinquency report. According to the MBA report, the percentage of homeowners who are behind on their loan payments for at least a month [...]
There is no good in being left clueless after foreclosure (http://www NULL.foreclosuredeals NULL.com/). Here are some pointers that can help you survive a foreclosure situation: Find out whether your state implements a redemption period. After the foreclosure sale (http://www NULL.bankforeclosuressale NULL.com/), homeowners are given the period of a few days to a month or even [...]
The rise in new foreclosure filings in Chicago (http://www NULL.illinois-foreclosure-homes NULL.com/listing/county031/chicago NULL.html) in 2008, as reported by nonprofit group National Training and Information Center, put Illinois (http://www NULL.illinois-foreclosure-homes NULL.com/) high on several lists of the ten U.S. states with the highest foreclosures by state (http://www NULL.foreclosurelistingsnationwide NULL.com/listings NULL.php) in 2008. Total foreclosure filings reached 19,943 [...]