Currently viewing the tag: "foreclosure"

Foreclosures Remain Highly Concentrated

On October 14, 2010 By

The term “foreclosure filing” is a catch-all word for housing, comprising default notices, scheduled auctions, and bank repossessions.

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Why do short sales take so long?

On February 2, 2010 By

What is a ?

A “short sale” occurs if two things happen:

The seller is attempting to sell for less than they owe The seller is unable to make good on the balance on his or her own

If the seller owes $100,000 and accepts [...]

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What is a Short Sale?

On February 2, 2010 By

A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.

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Foreclosures and the three states driving the figures

On July 16, 2009 By

For the fourth consecutive month, the country”s activity was dominated by a small number of states.

As reported by RealtyTrac.com, more than 50 percent of the country”s foreclosure-related actions in June concentrated in just 3 states:

California Florida Nevada

The states rounding [...]

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Forbearance

On September 23, 2008 By

The ability to make interest-only payments on your student loan during a time of financial hardship. If you’re having serious financial difficulty and you don’t qualify for a loan deferment, you can request forbearance.

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