Real estate blog entries tagged with hud by Kotambu "KS" Shabazz Renton Real Estate Consultant (Quality Real Estate Services)

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Home : Blogs : Kotambu "KS" Shabazz Renton Real Estate Consultant : Renton Real Estate & Foreclosure Prevention Blog : Tag "hud"

hud: I'm Facing Foreclosure, What Can I Do? - 10/16/07 05:58 PM

It's no secret that 2 million adjustable-rate mortgages will be reset over the next two years, according to an estimate from the Department of Housing and Urban Development, and of them, about 500,000 are expected to go into default. So the question is what can be done?
In September President Bush announced FHASecure, a plan that is aimed at helping approximately 240,000 homeowners refinance their adjustable rate loan into a fixed rate FHA loan. To be eligible, they must have a sustained history of employment, sufficient income to make the refinanced mortgage payments and a history of on-time mortgage payments before the … (5 comments)

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Kotambu "KS" Shabazz Renton Real Estate Consultant

Renton, WA

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October 2007 (18)

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