It's time for a program that really addresses the foreclosure problem. One that would help homeowners stay in their homes and at the same time firm up the real estate market. Increased foreclosures, lower home values and people upside down in their
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In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan on Friday announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick
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According to the National Association of Realtors (NAR) data, nearly one-third of all existing homes sold recently were either short sales or foreclosures. To help Realtors meet the needs of home buyers and sellers needing these services, NAR has launched
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Short sales are becoming a more common occurrence in the housing market. A report released on June 30 by the Office of Thrift Supervision and the Office of the Comptroller of the Currency said short sales increased by 208.5 percent for the first quarter
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