Real estate blog entries tagged with foreclosure filings by Lynnette Phillips Real Estate Consultant

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Home : Blogs : Lynnette Phillips Real Estate Consultant : Lynnette's Blog : Tag "foreclosure filings"

foreclosure filings: Government stems housing crisis? - 09/03/08 03:05 PM

"To speed up the disposition of the 54,000 foreclosed properties it owns, Fannie Mae is opening offices in California and Florida and is considering selling those properties in bulk to investors. "I do not think this is a time to be holding onto (foreclosed properties) hoping for a better day," CEO Daniel Mudd said last week.
...President Bush last month [July 2008] signed sweeping housing legislation that aims to prevent foreclosures by allowing homeowners to swap their mortgages for more affordable loans, but only if their lender agrees to take a loss on the initial loan"

Keep Reading - … (5 comments)

foreclosure filings: No Cost "HOPE NOW" Helps Homeowners Avoid Foreclosure But Cautions... - 09/03/08 02:41 PM

"borrowers should be wary of sources that offer help but require a fee"
When homeowners find themselves facing foreclosure proceedings reaching out to their lender is vital however, the largest comment by homeowners entails the nonresponsiveness of lenders.
There has been a change in lender attitudes though and with the help of HOPE NOW there is more hope of reaching the right person in the Loss Mitigation department.
Call the Homeowner’s HOPE™ Hotline: 1.888.995.HOPE
Hotline Services Include
Outreach to Homeowners Counseling Homeowners Assisting Homeowners 2 Million Troubled Borrowers Avoid Foreclosure
"The Hope Now coalition reports that it completed a record number … (12 comments)

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Lynnette Phillips Real Estate Consultant

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