On average, home owners in foreclosure can stay in their homes for over a year before they are evicted. In the first quarter of this year, the foreclosure process nationwide averaged 370 days to complete — that’s up from 348 days in the previous quarter and the lengthiest average since 2007, according to RealtyTrac. While […]
Foreclosure Alternatives
Know your options! Find out about foreclosure alternative programs in Utah and how to stop your house from bank repossession.
BofA’s mortgage-to-lease program may become the new fad
People are watching with interest as Bank of America ($9.23 0.03%) rolls out its mortgage-to-lease program. The appeal is obvious to consumers who get a chance to stay in their homes, but will this new program spark a new fad in the mortgage industry? Alex Matjanec, co-founder of MyBankTracker.com, said it might, but not just yet. “I think the natural thing […]
February Foreclosure Activity Trends Down after January Surge
After a sharp increase in January, foreclosure starts and sales have reverse direction and resumed the steady decline they began in mid-fall. The February Mortgage Monitor Report published by Lender Processing Servicers (LPS) showed foreclosure starts down 15 percent from January to 172,602, 15.4 percent lower than during the same period in 2011. Foreclosure sales decreased 19 […]
HSC Won’t Leave You “Out In The Cold”
A Roll Of The Dice Homeowners hoping the $26 billion foreclosure abuse settlement would mean big savings on their mortgages were mostly disappointed. Even though a million borrowers will have their principals slashed by as much as $100,000 or more, most are not eligible for a workout simply because the bank that issued their mortgages, didn’t hold their mortgages. […]
No Fail Short Sale – Let HSC Do It For You
It’s been nearly a half decade since the housing market imploded like an old stadium packed with explosives and the ground is still rumbling from the impact. Realizing it’s better to recover some money now rather than trying to get all their cash back eventually, more banks are making it easier for homeowners to unload their houses […]
Guess What? Your Bank Would Rather Not Foreclose!
Can The Bank Seek Money From Me After A Short Sale Or Foreclosure?
Bank Foreclosures Aren’t Going Away Anytime Soon – Take Action!
How To Walk Away From Your Mortgage Obligation and Home
The Homeowners Assistance Program (DOD)
The Homeowners Assistance Program (HAP) was developed by the Department of Defense to assist eligible service members and federal civilians, including non-appropriated fund, employees who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base closure, realignment announcement, or other military=related reasoning. The American Recovery […]