Finally, the Bush administration has decided to step in and try to help those that are finding themselves in a foreclosure situation. The new plan is suppose to help 1.2 million distressed homeowners.
There is a catch though: mortgage interest rates will be frozen only for ARM borrowers who are not yet in foreclosure.
Here are a […]
Tag Archive for 'foreclosures-increase'
For the past few months, I have been giving you advice on how to manage a foreclosure situation that you might find yourself in. But what if you are on the other side of the fence and you are constantly trying to find a cheap property to invest in? How would you go about finding […]
A few months ago, we wrote an article on how to save your home if you are in a foreclosure situation. The article had a great impact at that time since the economy was shaking at the latest reports on foreclosure numbers. Yesterday, I was browsing the Money CNN section and I came across an […]
Top 5 factors for increase in the foreclosures numbers
Published August 22nd, 2007 in Mortgage. 0 CommentsRealty Trac has just released the foreclosure numbers for July 2007 and according to the report the nationwide foreclosures are up 93 percent since last July and 9 percent up from June 2007. There were $179,599 foreclosure filings reported in July. But what are the main factors that have contributed to the increase in foreclosures […]
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