Foreclosed homes – Cheap Houses for Sale across the Nation
With the government taking significant measures to combat the ongoing foreclosure fiasco, many people are hoping that the housing sector will see some relief soon. With some form of expected relief, and with the prices of residential real estate being low, many people around the country are thinking about buying …
Source: www.foreclosuredatabank.com
FHFA Announces New Plan to Combat Foreclosures due to Inflated Appraisals
In an effort to help prevent more foreclosures, the Federal Housing Finance Agency (FHFA), the overseer of the government-controlled Freddie Mac and Fannie Mae recently announced that a new Home Valuation Code of Conduct will take affect this coming May. The new plan was created to ensure the correctness of home appraisals of mortgages from both companies and to curb mortgage fraud. According to policy makers, overvalued homes have been one of the leading causes of foreclosures.
Source: www.foreclosurelistingsnationwide.com
FDIC s Bair Readies Foreclosure Rescue Plan
Efforts by FDIC Chairman Sheila C. Bair to persuade President George Bush’s administration to help homeowners in danger of foreclosure are finally getting results. Bair’s loan modification plan is said to be nearing approval at the White House of Management and Budget.
Source: www.foreclosurelistingsnationwide.com
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June 10th, 2011 at 8:10 pm
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