Living Rent Free After a Foreclosure

In a sign of the times, more and more Americans are living in their homes post-foreclosure. An article in RSI media details the growing phenomenon and attributes the situation to the volume of foreclosures that have washed over the banks and the fact that they were not prepared to process … [Read more...]

Corporate Foreclosures and Individual Foreclosures

In recent weeks major real estate developers have been walking away from properties because like many home owners, they are underwater on their mortgages. Tishman Speyer Properties gave up the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan, turning … [Read more...]

Home Loan Modifications Impact Credit Scores in the Cincinnati Real Estate Market

The Making Homes Affordable program is designed to help individuals restructure their mortgages with their lenders. In lowering the monthly payments through renegotiating the terms of the loan, more people are able to avoid short sale and foreclosure situations. One unforeseen consequence is that … [Read more...]

Federal Government Exerts Pressure on Lenders to Modify Mortgages

The Federal Government is looking to increase pressure on many mortgage lenders and banks to follow through with the loan modification that began under the 'Making Homes Affordable Program'. In the program borrowers renegotiate their monthly payments to a lower level for a trial period. If they can … [Read more...]

Foreclosure Scams – Federal Trade Commission Issues Warnings

In this current economic climate the possibility of losing your home to foreclosure can be terrifying. Currently there are con artists using mortgage rescue schemes to take advantage of home owners in distress. . The Federal Trade Commission warns that many of these  foreclosure assistance firms … [Read more...]