From the daily archives:

Friday, December 11, 2009

House Readies for Mortgage Vote – Truthdig

by Tony on December 11, 2009

House Readies for Mortgage Vote – Truthdig


eCreditDaily.com
House Readies for Mortgage Vote
Truthdig
Homeowners facing foreclosure could get some help staying in their homes if Congress approves a so-called cram-down measure, which would give bankruptcy
US House rejects mortgage "cramdown" measureReuters
House votes against letting judges alter mortgagesMarketWatch
House kills mortgage relief in Wall Street billWEAR
WalletPop (blog) -eCreditDaily.com
all 32 news articles »

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Rep. Scott: Spend More to Stop Foreclosures

by Tony on December 11, 2009

Congressman David Scott (D-Ga.) argues the government needs to spend more to prevent foreclosures.

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complicated than that. On Thursday, mortgage rates were about 4.7%, but on Friday, they rebounded to nearly 5% as Wall Street reacts to better-than-expected unemployment numbers. One local mortgage banker says it’s still not easy to get a home loan. 25-year-old Christopher Regan just bought a 3 bedroom, 2.5 bath home for a deal he couldn’t pass up. “This is our first home, and it’s kind of exciting,” Regan said. He says an 00 tax credit and rock-bottom interest rates sweetened the deal. …

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Clerk’s Office To Bring Foreclosure Auctions Online – WPBF


Palm Beach Post
Clerk's Office To Bring Foreclosure Auctions Online
WPBF
The Palm Beach County Clerk's Office is looking to make selling and buying foreclosed homes easier. Starting next year, the office will move auctions from
Online foreclosure auctions start next year in Palm, BrowardSun-Sentinel.com

all 4 news articles »

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Istithmar Loses W Hotel Union Square in Foreclosure Auction – Wall Street Journal


Hotel News Now
Istithmar Loses W Hotel Union Square in Foreclosure Auction
Wall Street Journal
At a foreclosure auction Tuesday, the winning bid was $2 million. The W Hotel in New York's Union Square, shown late last month, now stands as a
Union Square W Hotel Foreclosure Auctionmyfoxny.com
Dubai World Loses W Union Square In Foreclosure AuctionGothamist
Istithmar loses millionsKipp Report
The Am Law Daily -Washington Business Journal -Crain’s New York Business
all 105 news articles »

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Home foreclosure is a terrible problem. In order to stop foreclosure it is necessary to understand the process and timeline. A consumer who wants to halt foreclosure needs to know the facts. Visit us at haltyourforeclosure.us

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Cities Recovering From The Foreclosure Crisis – Forbes


Forbes
Cities Recovering From The Foreclosure Crisis
Forbes
No American city fully sidestepped the housing foreclosure problem. But tell-tale boarded-up windows and lines of once-glittering condominiums standing
In Depth: Cities Recovering From The Foreclosure CrisisForbes

all 3 news articles »

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