wilmington nc foreclosures: Relocation Assistance - $1500 - Available to Distressed Homeowners - 04/05/10 08:30 AM
Today, April 5, 2010, the Federal Government will be offering assistance to homeowners in distress to relocate.  This latest program will allow  homeowners to sell for less than they owe (short sale) and have a little cash to send them on their way.  The government intends to spread its cash to various parties, including the homeowner, the lender that services the loan, the investor that owns the loan, and the bank that owns the second mortgage.  Under the guidelines of the new program, the servicing bank will get $1000.  Another $1000 is available if there is a second loan.  And for the first time, the … (1 comments)

wilmington nc foreclosures: Senate Plans to Aid Families Facing Foreclosure - 04/03/08 07:47 AM
Late Wednesday night, the Senate announced that it had reached a bipartisan compromise regarding a plan to assist families facing foreclosure.The lawmakers unable to reach agreement on key provisions that had already been approved by the House, had been at a stalemate.  The Senate did not approve allowing bankruptcy judges to reduce mortgage debt.The compromise does include the following:
$4 billion package to aid families hard hit by foreclosures and mortgage delinquencies. Local governments could use the funds to buy and rehabil$4 billion package to aid communititate foreclosed homes at a discount.Increased loan limits for FHA guaranteed mortgages.Approximately $100 million in new funding for housing … (0 comments)

 

Diane Parker

Wilmington, NC

More about me…

Coldwell Banker Sea Coast Realty

Office: (910) 202-3767

Mobile: (910) 617-5244



Links

Archives

RSS 2.0 Feed for this blog