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What is Foreclosure?
14 September 11 08:13 PM | Amos Elroy | 0 Comments   
What is Foreclosure? To different people it means different things, and I realize there is a lot of confusion about this topic even among Realtors. I am not an attorney, nore a finance guru, but as a residential real estate consultant with foreclosure Read More...
OCC Orders Largest Lenders to Review Foreclosure Processes
04 October 10 02:54 PM | Amos Elroy | 1 Comments   
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Obama Administration Shifting Focus of Foreclosure Prevention to Local Level
05 August 10 10:15 AM | Amos Elroy | 1 Comments   
North & South Carolina, Oregon, Ohio, and Rohde Island are some of the hardest hit states regarding the housing market. The reason for it is mostly the high unemployment rates in these regions. To combat the foreclosure rates at these states, the Read More...
New HUD Definitions for Forclosed Properties
05 April 10 03:06 PM | Amos Elroy | 1 Comments   
Effective immediately any properties that are at least 60 days behind on mortgage payment or 90 days late on tax payment will be now classified as a ‘foreclosed’ property. Previously HUD (Housing and Urban Development) defined only properties Read More...
What is Foreclosure?
08 March 10 10:11 PM | Amos Elroy | 0 Comments   
Though I am neither an attorney nor a mortgage broker, and I do not intend to offer any legal or financial advice, I find that there is a lot of confusion and misunderstanding of issues that revolve around foreclosures. I decided therefore to demystify Read More...
Closing Cost Assistance & Appliance Incentive for Fannie Mae REO Properties
03 March 10 09:09 PM | Amos Elroy | 0 Comments   
Fannie Mae is offers up to 3.5% incentive for purchases of a Fannie Mae owned REO (foreclosed) home. The incentive is provided either as a contribution towards closing costs, new Whirlpool® appliances purchased for the buyer by Fannie Mae, or a combination Read More...