Obama's Foreclosure Plan

Cases where lenders continues with foreclosure proceedings despite homeowners remaining under evaluation will be banned under new rules being reviewed by the Obama administration.
The changes reflect the continuing pressure that the administration is feeling to keep the HAMP program on track in the face of growing complaints that the bureaucracy and back-stabbing at the heart [...]

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President Obama reached out to the five states most affected by the housing meltdown Friday, but the gesture appears to be longer on promise than substance.
The idea is to set aside $1.5 billion in foreclosure initiatives for homeowners in Nevada, Michigan, Arizona, California and Florida. All have seen at least 20% declines in home values [...]

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On the surface, the latest Treasury department figures are encouraging. 1 in 5 homeowners have received what the department deems “long-lasting relief” as a result of the President’s foreclosure-prevention initiative.
What’s more, that figure has been on the rise in recent months.
But dig deeper, and there are some worrying trends. The number of new homeowners securing [...]

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If you need short sale real estate help, a professional attorney will be able to provide you with the level of assistance that you need. When your finances are running low and you are struggling to make your payments, you need good help right now. If you want your short sale to go through in [...]

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You should be able to find several indispensable facts about personal finance issues and learn the answer to the question “can you be sued for credit card debts” in the following paragraphs. If there’s at least one fact you didn’t know before, imagine the difference it might make.
If you have credit card debts, but are [...]

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As if the Government under Obama hasn’t spent enough virtual taxpayer money, the Obama administration announced a new way to help unemployed homeowners stay in their homes… Rent to Own!
According to a Reuters article:
Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for [...]

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Avoiding Foreclosure, as you can imagine, is a very real thing that many consumers face every month as the job markets continue to narrow and more people lose jobs. If you find yourself in financial trouble, there are a few things you can do to stop foreclosure, or at least slow the process, before it [...]

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As if we all didn’t already know this, Herbert Allison, who has been selected by President Obama to oversee the $700 billion bank bailout program, said the economic foreclosure bailout plan needs time to work!
Allison, best known for once leading the ill-fated Fannie Mae… wait… aren’t they part of this problem to begin with? I’m [...]

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As I mentioned last week, the Obama Foreclosure Plan is really not having much effect, in fact… it seems that foreclosures continue to climb at alarming rates! The NY Times reported Friday that according to a senior Obama Administration Official, since the foreclosure program started more than 2 months ago only about 55,000 homeowners have [...]

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Last month, we talked about how the voluntary moratorium on foreclosures had come to an end, and was a strong indicator that the foreclosure crisis was about to reach out to a whole new level! Guess what… it’s happening! Today, in a writeup from Bloomburg, its being reported that the Foreclosure Rate is Hitting All-Time [...]

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