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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 HAFA Regulations Explained
12 April 10 03:45 PM | Amos Elroy | 0 Comments   
In the beginning of April 2010 the Obama administration has implementing new regulations regarding defaulted FHA backed mortgages. These changes are important for both buyers and sellers to note, as they have significant implications. In this article 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...