8 Articles match "Help","May","New York"

• The Best from RealtyTrac

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• Avoid and Stop Foreclosure - Help at RealtyTrac
  
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  www.realtytrac.com - Tuesday, February 3, 2009
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• U.S. Foreclosure Laws
  
  Knowing the process in your state will help you adopt a more effective investing strategy and avoid procedural pitfalls. State Foreclosure Laws Quickly locate and review the foreclosure law specific to your state � or any state you�re considering investing in. Select A State Alabama Alaska Arizona Arkansas California Colorado Connecticut
  www.realtytrac.com - Tuesday, February 3, 2009
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• Study Forecasts Rising Subprime Foreclosures
  
  A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s. It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those rates to house price appreciation.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FBI: Mortgage Fraud Begets Foreclosure
  
  The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. In extreme instances, perpetrators may sell the home or secure a second loan without the homeowners’ knowledge, stripping the property’s equity for personal enrichment.” More states are enacting legislation to protect homeowners against such fraud, and justifiably so. The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.”
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Hold Onto Your Hat and Hat Rack
  
  There’s a warm wind swirling around this country right now, and it may just blow the hat off of your head…and take along with it everything else you own as well. The New York Times recently reported in two related stories that in some instances, homeowners who have already lost their homes to foreclosure are now faced with suffering the greatest embarrassment of all — having their personal items auctioned off. This breeze that is gaining strength is yet the latest fallout from the foreclosure hurricane sweeping the nation. In the case of Newington, Conn.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• You Too Can Predict the Future...Maybe
  
  Although he believes the $152 million economic stimulus package President Bush and Congress approved last month will help somewhat, Engle, a professor at New York University, is disappointed in the performance of the housing sector enough to blame it as the chief reason that a recession is likely. “What I’m hoping is that this sector of the economy doesn’t get legislated away. He may be correct — at least as to California — based on the latest California Consumer Confidence survey conducted by economists at the A. Time to dust off those Ouija boards and take out the tea leaves.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure "Megatrends"
  
  Here are some “megatrends” that may develop in the months ahead. For investors and homebuyers, these and other rapidly developing “megatrends” could signal opportunities. Vultures Circling Wall Street wizards profited handsomely from the subprime market they helped create; Wall Street gurus will profit from cleaning up the mess they spawned. In a presidential year, Uncle Sam and politicians nationwide are rushing to unveil new and bolder schemes to unravel the foreclosure crisis. Foreclosures are rising. Home prices are falling.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Long-Term Solution for Fannie and Freddie Dilemma
  
  The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always at a disadvantage when competing against Fannie Mae and Freddie Mac. If the two GSEs are further harmed, the banking system itself will face additional financial threats. "The potential effects of a rescue become more complex for the holders of Fannies and Freddies $19 billion in subordinated debt, so-called because it ranks below other bonds in the companies capital structures," says
  www.realtytrac.com - Tuesday, February 3, 2009
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