Foreclosure Listings

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Source: www.foreclosurepulse.com

Frank proposes home loan plan for jobless
Frank proposes home loan plan for jobless Boston Globe Congressman Barney Frank wants to prevent unemployed homeowners from losing their houses by giving them government money to pay their mortgages. The Newton Democrat, chairman of the House Financial…(read more)
Source: www.foreclosurepulse.com

Unemployment Vexes Foreclosure Plan
Unemployment Vexes Foreclosure Plan The Wall Street Journal Rising unemployment is complicating the Obama administration’s effort to reduce foreclosures and stabilize the housing market. The first wave of mortgage delinquencies was sparked by borrowers…(read more)
Source: www.foreclosurepulse.com

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Unemployment Vexes Foreclosure Plan The Wall Street Journal Rising unemployment is complicating the Obama administration’s effort to reduce foreclosures and stabilize the housing market. The first wave of mortgage delinquencies was sparked by borrowers…(read more) short sale

Lost jobs forcing more out of homes USA Today WASHINGTON — The nation’s foreclosure crisis — once largely confined to only a few corners of the country — is spreading to new areas as the economy teeters. The foreclosure rates in…(read more) short sale

) foreclosure list

Unemployment Vexes Foreclosure Plan The Wall Street Journal Rising unemployment is complicating the Obama administration’s effort to reduce foreclosures and stabilize the housing market. The first wave of mortgage delinquencies was sparked by borrowers…(read more) foreclosure list

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Source: www.foreclosurepulse.com

Paper Avalanche Buries Plan to Stem Foreclosures
Paper Avalanche Buries Plan to Stem Foreclosures New York Times Somewhere on earth, there must be a more difficult task than this: persuading American mortgage companies to lower payments for homeowners who can no longer afford their loans. But as Karina…(read more)
Source: www.foreclosurepulse.com

Unemployment Vexes Foreclosure Plan
Unemployment Vexes Foreclosure Plan The Wall Street Journal Rising unemployment is complicating the Obama administration’s effort to reduce foreclosures and stabilize the housing market. The first wave of mortgage delinquencies was sparked by borrowers…(read more)
Source: www.foreclosurepulse.com

A group of 20 senators led by Senators Claire McCaskill, Jack Reed and Chris Dodd wrote Treasury Secretary Timothy Geithner to urge him to address the roadblocks currently slowing down the Obama administration s foreclosed housing prevention program. The senators learned from a National Foreclosure Mitigation Counseling Program report that it takes … hud foreclosures

Unemployment Vexes Foreclosure Plan The Wall Street Journal Rising unemployment is complicating the Obama administration’s effort to reduce foreclosures and stabilize the housing market. The first wave of mortgage delinquencies was sparked by borrowers…(read more) hud foreclosures

Among the reasons given for the continued rise in number of foreclosed properties are unemployment, subprime lending, adjustable-rate lending and difficult family circumstances such as divorce or hospitalization. Another major reason is negative equity home value is less than loan amount. Borrowers who have negative equity, sometimes known as underwater … hud foreclosures