Homeowners tagged posts

Jobless homeowners get help through program

Jobless homeowners get help through program
Unemployed Miami Valley homeowners are perhaps most vulnerable to foreclosure, but until recently, few resources helped them remain in their homes.Federal loan modification programs typically exclude unemployed borrowers because they generally don’t meet the income requirements for so-called mortgage workouts, which lenders must ultimately approve.

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CAMBRIDGE CREDIT AWARDED HUD FUNDING TO HELP UNEMPLOYED HOMEOWNERS AVOID FORECLOSURE

CAMBRIDGE CREDIT AWARDED HUD FUNDING TO HELP UNEMPLOYED HOMEOWNERS AVOID FORECLOSURE
Cambridge Credit Counseling Corporation, a professional housing and credit counseling agency based in Agawam, Massachusetts, has been awarded funding from the U.S. Department of Housing and Urban Development to help Commonwealth residents avoid foreclosure. The Emergency Homeowners Loan Program EHLP is designed to help ease the current housing crisis, in which more than 6.3 million homeowners…

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What’s the difference between bank foreclosure and homeowner’s association foreclosure?

My sister is already facing bank foreclosure but she also just got a letter saying that she will be facing homeowner’s association foreclosure because of unpaid dues. They’re filling a lien against her … I don’t understand the difference … I thought only banks could foreclose.

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Foreclosed Homes being Vandalized by Former Homeowners


Rather Unfortunate, but it seems the Foreclosure Firestorm will only increase and compound itself throughout the summer. The Alt-A loans will be resetting also, so a large bulk of soon to be former homeowners will find themselves in Negative Equity in relationship to Loan to Value. An estimated 2.4 million homeowners will lose their homes, multiplied by spouse and kids, truly an exodus that would put the Israelites to shame in number.

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Help for Homeowners Foreclosure Assistance


Council Member Sharon Zadra invites residents facing a possible foreclosure to attend an upcoming event this April 30th.

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