Homeowners in mediation programs face court backlog of foreclosure cases Shortly after Orlando Eslava’s bank started to push him through the foreclosure process last year, he got some good news: He was eligible for a government mortgage relief program that would lower his loan payments. But the lender plowed ahead with the foreclosure sale anyway, [...]
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Homeowners in mediation programs face court backlog of foreclosure cases
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Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2)
Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2) Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Read more on BusinessWeek
Posted in News Also tagged ‘Flopping’, banks, fraud, Home, Rises, shortsale, Update2 Leave a comment
Landlords face losing interest-only mortgages
Landlords face losing interest-only mortgages LANDLORDS could be facing a financial struggle, with many being told by banks that they will notextend their interest-only mortgage. Read more on Irish Examiner
100 families a week face losing homes in Capital
100 families a week face losing homes in Capital MORE than 1,100 Edinburgh families have faced losing their homes over the past year, new figures have shown. Read more on The Scotsman