6 Articles match "Foreclose","Homes","Removal"

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• CO Gives Owners More Time to Fix Foreclosure
  
  This redemption period allowed homeowners who had been foreclosed on to buy back their homes after the public foreclosure sale by paying the winning bidder the amount of the winning bid. “For And with the federal government removing the tax on forgiven mortgage debt last month , more short sale opportunities may also be available during the pre-foreclosure grace period. Posted 01-07-2008 9:42 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Foreclosure Trend A state law that took effect Jan.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Glossary of Foreclosure and Real Estate Terminology - Realtytrac
  
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  www.realtytrac.com - Tuesday, February 3, 2009
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• Wachovia Changes The Lending Game
  
  More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Yes, the company is giving up potential penalty income but the bigger issue is this: It’s better and cheaper for Wachovia to have loans refinanced and removed from its books than to have loans fail.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Bank-Repossession Beat Continues in March
  
  And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what is called a deed in lieu of foreclosure. In the latter case, the homeowner offers to convey ownership of the property to the foreclosing
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Secrets of Pre-Foreclosure Investing
  
  Most people in foreclosure today have zero equity in their homes,” said Thomas J. 20 and will provide a temporary, three-year change to the tax code to eliminate any taxes homeowners might face when banks renegotiate the terms of a home loan and forgive a portion of the outstanding mortgage debt. 3648) removes the tax burden on mortgage indebtedness, encourages loan restructuring between lenders and homeowners, and discourages foreclosures. Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer    One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Another Approach to $700 Billion Bailout
  
  million homes are likely to be in the "process of foreclosure" during the coming 12 to 18 months. If a typical home has an average sale price of about $220,000 (many homes now facing foreclosure were financed several years ago with two loans, thus first loans are often significantly less than current market values), and if the average mortgage is $176,000 (80 percent of market values) then the total value of such mortgages would be $440 billion. If the Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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