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2009 January · The Foreclosure Compendium

Archive for January, 2009

Fannie Strikes Deal to Modify Loans to Prevent Foreclosures - Wall Street Journal

Friday, January 30th, 2009

Reuters

Fannie Strikes Deal to Modify Loans to Prevent ForeclosuresWall Street Journal -11 hours agoThe companies recently announced streamlined procedures for modifying loans and a suspension of foreclosure sales and evictions that is due to end Saturday. …RPT-UPDATE 1-Freddie Mac offering rents to foreclosed borrowersReutersFreddie Mac to let residents rent homes after foreclosureUSA TodayFreddie Mac to rent […]

Life After Power of Sales Posted By : TOM SACHDEVA

Friday, January 30th, 2009

Let’’s face it, if you are facing the possibilities of losing your home due to a power of sale and you think that you may never be able to purchase another home anytime soon. Keep reading.
I am going to share with you four steps you need to prepare yourself for that transition down the road. […]

Selling & Rental Tricks for Real Estate Posted By : G. Brian Davis

Thursday, January 29th, 2009

So you’ve put your house on the market for sale or rent, but there’s already 3 other houses on the block on the market: you need an edge. Well, look no further, because you’ve found that edge.
More: continued here

Freddie Mac to let residents rent homes after foreclosure (USA Today)

Thursday, January 29th, 2009

Freddie Mac on Friday plans to announce a first-of-a-kind plan that lets homeowners and tenants temporarily stay in homes in foreclosure by renting them back, an effort to stop many of the sudden evictions that have come along with the housing crisis.
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Freddie Mac to let residents rent homes after foreclosure - USA Today

Thursday, January 29th, 2009

Miami Daily Business Review

Freddie Mac to let residents rent homes after foreclosureUSA Today -2 hours agoThat's a plus for neighborhoods where numerous foreclosures have led to empty, unmaintained, vandalized properties. "For tenants, it's a big difference," …As Freezes Expire, Foreclosures to SoarFinancial-Planning.comCurrent AccountsMiami Daily Business ReviewLSB Corporation Announces Fourth Quarter and Annual 2008 Financial …CNNMoney.comReuters - Bradenton […]

Foreclosure Short Sales to Escape the Dreadful Foreclosure

Thursday, January 29th, 2009

Foreclosure short sales are a foreclosure prevention tool you can use to stop foreclosure once and for all. Some people just leave their homes at the first notice from heir bank, but there is no need to rush. Check your foreclosure prevention options.
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Minn. AG sues 2 more foreclosure consulting firms (AP via Yahoo! Finance)

Thursday, January 29th, 2009

The Minnesota attorney general has filed lawsuits against two more foreclosure consulting companies that allegedly charged struggling homeowners big upfront fees then failed to deliver on promises to save their homes.
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Determine Property Taxes Before Purchase Posted By : Allan E. Heller

Thursday, January 29th, 2009

This article discusses the technique for gathering information regarding tax rates and the method of calculating the property tax that will be assessed the buyer of a property.
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Minn. AG sues 2 more foreclosure consulting firms - Forbes

Thursday, January 29th, 2009

Minn. AG sues 2 more foreclosure consulting firmsForbes, NY -4 hours agoAP , 01.29.09, 01:34 PM EST The Minnesota attorney general has filed lawsuits against two more foreclosure consulting companies which allegedly charged …Minn. AG sues Fla. foreclosure counselorsBizjournals.comMinn. Attorney General sues foreclosure consultantsMinneapolis Star TribuneAG Has Sued 12 Foreclosure Consultants in Past YearFOX 9 NewsKAREall 63 […]

Arizona Foreclosure Listings Drive Home Sales in the State Posted By : Joseph Smith

Thursday, January 29th, 2009

More homebuyers are snapping up houses listed in Arizona foreclosure listings. This is according to recent data about home sales.
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