Foreclosure News and Information
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Feb. 19 (Bloomberg) — US Housing and Urban Development Secretary Shaun Donovan talks with Bloomberg’s Peter Cook about President Barack Obama’s foreclosure-prevention initiative. Donovan said the .5 billion initiative targets the housing markets that need it most and additional programs may be created. (Source: Bloomberg)
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Feb. 11 (Bloomberg) — US foreclosure filings rose 15 percent in January from a year earlier and exceeded 300000 for the 11th consecutive month as modification programs failed to keep delinquent borrowers in their homes, realtytrac Inc. said. Bloomberg's Su Keenan reports. (Source: Bloomberg)
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Jan. 12 (Bloomberg) — Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomberg’s Lori Rothman about mortgage modification programs. ΒΆ Banks may be forced to resort to a remedy they’ve been trying to avoid, principal reductions, as another wave of foreclosures looms and payments on risky loans rise, Bloomberg BusinessWeek magazine reports in the Jan. 18 issue. (Source: Bloomberg)
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I havent missed a payment yet but I am planning on moving within 4 months.I will let the house go with March being my last payment.Is there anyway I can help my mortgage company expedite the foreclosure? This is probably a strange question but I would like to know if it is possible to get the house out of my name within 4 months.
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