Tag Archives: foreclosure

Florida leads the nation in Foreclosures with three times the national average

Realtors will tell you that the market is heating up. They are clamoring for listings and the ones they get sell within days, with multiple offers and usually for over asking price. But statistics still show that Florida is the … Continue reading

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HARP 2.0 Intends to help more homeowners, but who qualifies?

This March, the Obama administration will implement a newer version of the federal Home Affordable Refinance Program, dubbed HARP 2.0.  The original HARP program which was created in 2009 helped less than 30 percent of the homeowners it intended to … Continue reading

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May 2012 – Newsletter

SHORT SALES Fannie Mae (FNMA/OTC) announced today that it is directing servicers to expedite short sale transactions and improve transparency on short sale reviews. The new guidelines are part of the Federal Housing Finance Agency’s Servicing Alignment Initiative to better … Continue reading

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Loan Modification Programs Help Struggling Homeowners

Until recently, struggling homeowners who are underwater in their mortgage had little choice to dig their way out of their financial crisis. The alternatives were Foreclosure or Short Sale, which results in them losing their home and damaging their credit. … Continue reading

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Foreclosure free ride: 3 years, no mortgage payment

In some states, delinquent borrowers have been squatting in their homes much longer. In Florida, the average time was 861 days, and in New York it was 1,056 days — close to three years. “Perhaps a million foreclosures could have … Continue reading

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