Stop House Repossession » face

Homeowners in mediation programs face court backlog of foreclosure cases

admin — Fri, 18 Jun 2010 02:04:28 +0000

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, taking back the condo in Aventura, Fla., even as Eslava made payments under the federal plan.

Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2)

admin — Sun, 13 Jun 2010 01:53:35 +0000

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.

Landlords face losing interest-only mortgages

admin — Tue, 27 Apr 2010 02:08:28 +0000

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.

100 families a week face losing homes in Capital

admin — Tue, 13 Apr 2010 01:58:52 +0000

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.