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 [...]
Anti-Foreclosure Homes Plan Too Late for Some Families
March 18, 2009 by Leave a Comment
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 [...]
1.5 Million Houses on the Brink of Foreclosure
March 18, 2009 by Leave a Comment
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 [...]
Chicago Put Illinois High on Lists of Foreclosures by State
March 18, 2009 by Leave a Comment
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 [...]
Facing Foreclosure?
March 17, 2009 by Leave a Comment
Are you in need of Foreclosure Assistance NeighborWorks/HOPE NOW/Homeownership Preservation Foundation Hotline Homeowners facing foreclosure can call a tollfree hotline at (888) 995-HOPE, 24 hours a day, 7 days a week. Federal Housing Administration Government-insured refinancing for credit-worthy borrowers who went into default after their ARMs reset may be available by calling (800) 225-5342 or [...]
First Time Home Buyers
March 8, 2009 by Leave a Comment
Is home buying Greek to you? It’s a good thing its not to us! We have sold hundreds of homes in the 11 years that we have been a part of Spring Real Estate. Terri decided to become a Broker and opened her own office 2 1/2 years ago and we currently have 10 agents [...]