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…
Category: Mortgage / Finance
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…
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…
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…
Why Zero Down Home Loans Are Again Being Offered
Analysts say that the huge number of home loans offered in previous years with no down or low down payments are to be blamed for the foreclosure crisis, as these loans attracted…
Celebrities Sell Their Homes at a Loss Too
It’s not only ordinary homeowners that are struggling from declining home values; celebrities too. And they’re losing money not by the thousands, but by the millions. Recent home sales or listings by…
Florida Third in First-Time Homebuyer Credits Claimed from 2008 to 2010
A total of 149,066 Florida residents claimed first-time homebuyer credits, which were essentially grants, when they purchased their homes through the period January 2009 to July 3 this year, based on Internal…
A Surprising Discovery about Home Insurance Policyholders
Almost one-third of American homeowners don’t know the amount of their home insurance coverage and an additional 46 percent don’t know the amount of coverage for their possessions. These are the main…
Real Estate Sector: Good Things Amid the Bad
Optimists try to find rays of hope in bleak situations and refuse to be discouraged by negative developments. In the real estate sector, optimistic agents and brokers remain confident about their abilities…