2 Articles match "Colorado","Grace Period","Trends"

The Latest from RealtyTrac MORE
Betting Everything on the House: 3 Risky Loans to Avoid
Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment. The loan then readjusts periodically in tandem with often volatile short-term interest rates. Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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CO Gives Owners More Time to Fix Foreclosure
gives Colorado homeowners who enter foreclosure more time to “cure” the loan in foreclosure before the public foreclosure sale. In the past, Colorado homeowners had 45 to 60 days from the commencement of foreclosure proceedings — initiated by what is called a notice of election and demand — to cure the loan by making all past-due payments along with late charges and other costs. The law also eliminates the 75-day redemption period previously available A state law that took effect Jan. 1
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • CO Gives Owners More Time to Fix Foreclosure
    gives Colorado homeowners who enter foreclosure more time to “cure” the loan in foreclosure before the public foreclosure sale. In the past, Colorado homeowners had 45 to 60 days from the commencement of foreclosure proceedings — initiated by what is called a notice of election and demand — to cure the loan by making all past-due payments along with late charges and other costs. The law also eliminates the 75-day redemption period previously available A state law that took effect Jan. 1
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Betting Everything on the House: 3 Risky Loans to Avoid
    Yet many homeowners — particularly in California, Florida and Colorado — are still purchasing or refinancing their mortgages with “exotic” loans that may keep their monthly payments low now, but when these gimmicky loans “reset” upward borrowers could lose their homes if they haven’t planned for an increased monthly mortgage payment. The loan then readjusts periodically in tandem with often volatile short-term interest rates. Falling prices, sluggish sales and risky loans that let borrowers pile up debt faster than they can pay it off could put more homeowners out of their houses this year than at any other time this decade.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE