foreclosure: Foreclosures drive “New-home” slump, keeping door shut on U.S. recovery - 09/16/11 02:21 PM
 
2011 is shaping up to be the worst year on record for new-home sales.
 
On pace to post the lowest annual sales since the Commerce Department began keeping data in 1963, nationally in July, new single-family homes sold at a seasonally adjusted annual rate of 298,000.
 
The slump is pushing the key home-building industry into its fifth year of decline and keeping the U.S. economy from rebounding.
  
Builders' hyperactivity in the past years and the loss of hundreds of thousands of people's homes to foreclosure has left a big supply of properties on the … (3 comments)

foreclosure: Wow!! We own 248,000 foreclosed Homes! - 09/04/11 07:36 PM
  By "WE" I mean the U.S. taxpayers!!!!! This is the number of homes listed for sale by Fannie Mae, Freddie Mac, and the Federal Housing Administration. All resulting from the record numbers of people defaulting on government-backed mortgages.
 
The “robo-signing” scandal that slowed new disclosures, will in the coming months, very likely increase the number of government-owned properties. According to RealtyTrac, one out of every five of the 3.65 million homes for sale at the end of July was a foreclosure.
 
With 248,000 foreclosed homes already owned and so many more moving toward default, Fannie Mae (FNMA), Freddie Mac (FMCC), … (5 comments)

foreclosure: Save Your Property Even If You’re Upside Down in a Mortgage!! - 08/30/11 10:02 AM
 
Many millions of homeowners are upside down in a mortgage loan (meaning they owe more on their mortgages than the home is worth in the current economy). This number will grow in the coming months because home prices are still falling in many areas of the country.

What Does Upside Down in a Mortgage Mean?
If you’re not familiar with the term “upside down” in a loan, or how the situation arises in the first place, here’s a quick overview. Let’s say you purchased a $500,000 home in 2006, in a city that was experiencing a big real estate … (2 comments)

foreclosure: Help for those whose properties are UPSIDE DOWN!! - 08/30/11 05:52 AM
 
Bella Homes, LLC is the result of a collaboration of some of the best legal minds in the nation and is founded upon the fundamental principle that families, not banks, should own homes. We proudly stand out as an ethical and legitimate alternative to those less credible companies whose predatory tactics do nothing but exploit the homeowner' financial predicament.We are committed to helping troubled homeowners remain in their homes and secure them for long time use. Our program, which addresses a number of financial crises, is compliant with both state and federal law, is endorsed by the legal community and … (4 comments)

 

Aziz Sattar

Pasadena, CA

More about me…

Azren Foreclosure Help

Mobile: (323) 420-9026

Providing comments, news and views of the current foreclosure landscape. Providing a degree of help for those property owners who have found themselves in a hardship because of the downturn of the economy. Representing a company that is creating a place for those who are upside down in their mortgages to find relief. No shortsale or loan modification is needed.


Links

Archives

RSS 2.0 Feed for this blog