Wednesday, May 4th, 2011
The Pennsylvania Homeowners Emergency Mortgage Assistance Program made its debut in 1984 by granting bridge loans to defaulters on home mortgages that are unemployed. A New York Fed recent report notes that this programme is cheaper and more effective than HAMP.
Wednesday, January 26th, 2011
The Neighborhood Stabilization Program has been slow to take off; funds are trickling in and slow results visible. With it the local administration and other non-profit agencies, purchase, repair and resell abandoned foreclosed houses at affordable rates. Considering number of foreclosures it is just a drop in the ocean.
Monday, October 25th, 2010
Tweet Thousands of residents of Los Angeles participated in a free event to try and prevent foreclosure of their houses by getting help. They turned up with folding seats and water ready for a long wait. The venue of the event was the Convention Center of Los Angeles. There were 5,000 waiting in the line [...]
Monday, October 4th, 2010
Tweet During the time of the housing boom property values went up to the skies in Nevada. Today it is speedily rushing down to earth grounding itself carrying in the fall the highest number of foreclosure in the country. According to recent report of RealtyTrac the foreclosure rate is 1:84 last August – it being [...]
Monday, September 13th, 2010
Tweet In response to the large number of homeowners facing foreclosure, President Obama established a prevention program to help millions of people finding themselves in financial jeopardy. Since the start of the program, more than 170,000 people have been permanently helped with the mortgage modifications. That is 15.5 percent of all the people entered the program. There [...]