If your state is not among the 32 states implementing the Emergency Homeownership Loan Program, then your state is among the 18 states that were granted $4.1 billion in Hardest Hit Fund…
Category: Buyer / Seller Tips
Foreigners Now Buying Homes Instead of Stocks
A rising number of foreign investors in U.S. stocks are now buying homes after finding out how low home prices have fallen and how they can earn more from buying homes than…
Nine Things You Need to Know About Flood Insurance
The flood insurance provision of the National Flood Insurance Program has just been extended by Congress to September 30, 2011, so it’s a good time for homeowners who don’t yet have flood…
Foreclosure Paperwork Problem — What Does It Mean to Homeowners?
One of the country’s largest banks, J.P. Morgan Chase, has just announced that it will suspend foreclosures in 23 states where there are a lot of troubled homeowners fighting court-ordered evictions with…
Buying a Home? Check out Special Offers from Fannie Mae
Fannie Mae continues to find ways to make home buying easier and less costly for you. Since 2009, this agency has been backing two out of every five single-family loans securitized in…
Sales of New Homes Vs. Sales of Existing Homes in August
Home buyers continued to take advantage of lower prices as they preferred more affordably-priced pre-owned homes over higher-priced new homes in August. While sales of new single-family homes were unchanged compared to…
Multifamily Market Revved Up Housing Starts in August
Builders’ efforts to replenish the supply of multifamily housing units pushed housing starts by 10.5 percent to an adjusted annual rate of 598,000 units in August, based on figures released by the…
Bill on Short Sales Could Help Homeowners
Finally, some U.S. legislators recognized the gravity of the problem faced by homeowners desiring to use the process of short sales to solve their financial problems. Since the start of the foreclosure…
Lenders Posted Highest Number of Bank Owned Homes in August
Lenders nationwide added 95,364 bank owned homes to their lists in August, the highest monthly total so far since RealtyTrac started tracking bank repossessions in 2006 and higher by nearly two percent…
Florida Topped the Third NSP Funding Round with $208.4 M
The continuing challenges faced by Florida must have prompted the U.S. Housing and Urban Development Department to give the state the biggest share of the $970 million granted by Congress to the…