Rising Unemployment and Obama’s Anti-Foreclosure Program

Posted by Leigh Brown on Feb 22, 2010 in Real Estate News | 0 comments

Foreclosure filings occur about every 13 seconds and continue to impact property values and slowdown the nation’s recovery from recession.  According to a recent report from the Obama administration on the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP),  rising unemployment,...

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Avoiding Preventable Foreclosure – Making Homes Affordable Program

Posted by Leigh Brown on Feb 18, 2010 in Real Estate News | 0 comments

There is government help available for homeowners in financial distress who are having trouble making their monthly mortgage payments. Borrowers that are current on their mortgage (not more than 30-days late on their mortgage payment in the last 12 months), but are having difficulty making their monthly payments on time, or...

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Quickening the Short Sale Process with Standardization

Posted by Leigh Brown on Jan 27, 2010 in Real Estate News | 0 comments

There has been much caviling in the past few years from homeowners and realtors about inconsistencies and the time it takes to process a short sale. Lack of Short Sale Standardization In response to the situation, the National Association of Realtors® (NAR) created a task force to address the the lack of standardization from...

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Loan Modification in Lieu of Foreclosure – Charlotte North Carolina

Posted by Leigh Brown on Oct 27, 2009 in Real Estate News | 0 comments

Due to the current state of our economy and the credit crisis spreading across the prime mortgage sector, many borrowers who were previously considered lower risks are now facing foreclosure.  At the same time, properties held as collateral by the banks are continuing to lose market value. The bottom line is that foreclosure...

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