Wednesday, April 28, 2010
Arizona, Florida, and Michigan states have planned using federal funds to pay mortgage balances for struggling borrowers to stop foreclosure and to subsidize mortgage payments for those who remain out of work.
The plans are in response to a foreclosure-prevention effort championed by the White House, which allocated $1.5 billion for Arizona, California, Florida, Michigan, and Nevada. The Treasury Department is the reviewing proposals, which will be finalized next month.
The plans are in response to a foreclosure-prevention effort championed by the White House, which allocated $1.5 billion for Arizona, California, Florida, Michigan, and Nevada. The Treasury Department is the reviewing proposals, which will be finalized next month.
Labels: Avoid Foreclosure, Sell your house fast, States Plan for struggling house owners to stop foreclosure, we buy houses, We buy houses for cash
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 6:12 AM
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Monday, April 26, 2010
The North Carolina Office of the Commissioner of Banks announced new mortgage rules planned at reducing unnecessary foreclosures and stop foreclosure in North Carolina have been approved by the Rules Review Commission and will take effect for approved mortgage servicers on June 1, 2010.
The new rules were first planned by the NCCOB in November 2009 due to its distress that house owners face foreclosure when other solutions exist that would benefit both the house owner and mortgage company. With this new rules mortgage servicers will be necessary to stop foreclosure and efforts awaiting the concern of a request by the house owner.
Labels: Avoid Foreclosure, New mortgage rules to stop foreclosure in North Carolina, Sell your house fast, Stop foreclosure, we buy houses, We buy houses for cash
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 2:49 AM
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