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Foreclosure Alternatives Grow to New Heights in May | Loan Modification Key

Total foreclosure alternatives were greater than 105,000, according to the May 2016 loan modification data produced by HOPE NOW (the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors).   “For the month of May, non-foreclosure solutions continued to outpace foreclosure sales by nearly a four to one margin,” stated Eric

Foreclosures tumble in central Ohio | The Columbus Dispatch

Foreclosure activity in central Ohio dropped sharply in May due to a dramatic decline in bank repossessions and sheriff sales, according to figures released this morning by RealtyTrac.   The real-estate data firm found that 635 foreclosure-related documents were filed during May in the 10 central Ohio counties it tracks, down from 1,501 a year

Schneiderman touts new foreclosure requirements on banks | WBFO

A new law will crack down on ‘”zombie houses.”  Governor Andrew Cuomo signed the law this past week. It  now means new requirements for mortgage lenders. They must maintain abandoned houses before foreclosure. “It is tremendously important that we understand we are still digging ourselves out of the (2008) crash,” Schneiderman said. “The work we

Foreclosure filings drop slightly in Winston-Salem area – Winston-Salem Journal: Local Business

Foreclosure filings drop slightly in Winston-Salem area By Richard Craver Winston-Salem Journal Winston-Salem Journal The foreclosure rates in the Winston-Salem metropolitan statistical area declined during May, national real-estate research firm RealtyTrac said Thursday. There were 285 filings in the five-county region, with Forsyth County accounting for 194 (68.1 percent). The rest were 56 in Davidson

Foreclosures tumble in central Ohio | The Columbus Dispatch

Foreclosure activity in central Ohio dropped sharply in May due to a dramatic decline in bank repossessions and sheriff sales, according to figures released this morning by RealtyTrac.   The real-estate data firm found that 635 foreclosure-related documents were filed during May in the 10 central Ohio counties it tracks, down from 1,501 a year

GAO: Half of TARP Homeowner Assistance Funds Now Spent

The federal government has spent just under half of the Troubled Asset Relief Program funds authorized in 2008 to assist troubled home borrowers, according to a report Friday from the Government Accountability Office. As of Oct. 15, the Treasury Department has disbursed $18.34 billion, or 49 percent of the $37.51 billion set aside in TARP
IMPORTANT: The text in this website and product(s) sold on this website do not substitute for legal advice. Nor does the text substitute for real estate, financial, tax, bankruptcy or other professional advice. Loan Modification Key® and its owner(s) cannot and do not guarantee results from any lender or servicer. Loan Modification Key® and its owner(s) do not represent any loan modification program or governmental program. Loan Modification Key® and its owner(s) do not represent any government agency. The text herein represents information, opinion and expertise gathered in the last several years' experience in the mortgage industry. Loan Modification Key® is a non-profit 501 (c)(3) tax-exempt organization.
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