With the unprecedented number of foreclosures happening at the moment, mortgage companies are having a hard time keeping up with all the people who aren’t paying. It is now a common scenario that people are staying in their homes well past one year. Let’s see how.
Entries Tagged as 'Foreclosures'
I’m Not Paying my Mortgage – How Long Until I’m Evicted?
August 25th, 2009 · No Comments · Mortgages
Tags: Auction·bank approval·behind on payments·buyer's offer·eviction·eviction proceedings·Foreclosures·Mortgage·repossession·Short Sale
Bad Credit + Hunger + Unemployment = Recession
May 15th, 2009 · No Comments · Consumer Debt
The blog title sounds like a simple mathematical problem, but the solution is much more complicated. Thanks to technology and the digital age, it is easier than ever to see the big picture and visualize how each of these factors associated with the recession are impacting different parts of our country.
Let’s start with credit. It [...]
Tags: Bureau of Labor Statistics·Credit Crunch·Feeding America·Foreclosures·Hunger Map·recession·Unemployment
Rent Your Repossessed Home? Yes, You Can!
March 25th, 2009 · No Comments · Consumer Debt, Mortgages, Real Estate
Freddie Mac recently launched the “REO Rental Initiative” that gives qualified tenants and former homeowners the option to lease their foreclosed properties on a month-to-month basis. In their March 5 press release, the troubled mortgage giant announced it will continue to suspend all eviction actions until April 1, 2009 to ensure there is ample time [...]
Tags: bank-owned·Foreclosures·Freddie Mac·Real Estate·REO·REO Rental Initiative·repossessed home
The 2008 Foreclosure Numbers are Out– Not Pretty…
January 16th, 2009 · No Comments · Consumer Debt, Mortgages, Real Estate
If you live in one of the “sunshine” states of Arizona, California, or Florida, you have yet another talking point for your home state– these locations have recently been given the devious distinction of having posted the highest number of foreclosures in 2008. Given that Arizona is the home base for creditinfocenter.com, we’d argue that [...]
Tags: foreclosure rates 2008·Foreclosures·housing crisis·mortgage defaults·Real Estate·RealtyTrac data
