Posts Tagged ‘federal aid’

$3 Billion more to help homeowners

| Jeffrey Tung

Our government has said they would spend another $3 billion to help homeowners keep their home if they lost their job or have a medical condition that reduces their ability to work. Eligible homeowners could receive a no-interest loan up to $50,000 for as long as 24 months and stay in the home.  This program ...       [Read More]

Our government has said they would spend another $3 billion to help homeowners keep their home if they lost their job or have a medical condition that reduces their ability to work. Eligible homeowners could receive a no-interest loan up to $50,000 for as long as 24 months and stay in the home.  This program is to prevent further home foreclosures, but will it help and make a difference? According to RealtyTrac, foreclosures have increased 8% to $1.65 million in the first 6 months of this year with the current programs, so will this help or are we digging a bigger hole in the money pit for the next generation to cover? I hope it does help and get us out of this mess. However, it’s going to take some time to see if the extra money spent will make a difference, but at least, the government is trying to help people keep their homes.
Related articles by Zemanta

HUD offers interest-free $50K loans to unemployed homeowners to stem foreclosures  hotair.com)
Foreclosures are up and foreclosures are down – learn why  agentgenius.com)
U.S. home foreclosures surge  theglobeandmail.com)
July foreclosures surge 15% in Washington state  seattletimes.nwsource.com)
Foreclosures surge  capitolhillblue.com)
Government to spend $3 billion to help homeowners  marketwatch.com)
Homes lost to foreclosure up 6 pct from last year  sfgate.com)
Homes lost to foreclosure up 6% from last year  usatoday.com)
Billions to fund more programs to help homeowners – helpful?  agentgenius.com)
$3 billion more for jobless homeowners  money.cnn.com)
U.S. Treasury expands homeowner aid for jobless  reuters.com)
HUD Just Announced A Homeowner Bailout  businessinsider.com)
“Obama Administration (Via Taxpayers) To Provide $3 Billion In Housing Aid To Unemployed Homeowners” and related posts  bookerrising.net)

What can you do to avoid forclosure?

| Jeffrey Tung

Having a hard time keeping your payments up? If you’re like millions of people facing the thought of loosing their home, here are some options from Fannie Mae, that may help your situation. A little knowledge goes a long way.  You may be surprised to know that there is a way for you to keep ...       [Read More]

Having a hard time keeping your payments up? If you’re like millions of people facing the thought of loosing their home, here are some options from Fannie Mae, that may help your situation. A little knowledge goes a long way.  You may be surprised to know that there is a way for you to keep your home.

Did you know FHA loans are assumable?

| Jeffrey Tung

FHA loans have been around for a long time, however, it is more popular these days then ever before. Borrowers can qualify for a loan with as little as 3.5% of the sales price.  Here are some things to know about these types of  loans. With the way the economy is today, these programs can help ...       [Read More]

FHA loans have been around for a long time, however, it is more popular these days then ever before. Borrowers can qualify for a loan with as little as 3.5% of the sales price.  Here are some things to know about these types of  loans. With the way the economy is today, these programs can help you.
Related articles by Zemanta

The Seven Things All Borrowers Should Know About FHA Loans prweb.com)
Partners Eligible for FHA Financing pinkbananaworld.com)
Mortgages: Changes in Mobile-Home Lending nytimes.com)
Requirements Mortgage Loan themortgagepot.com)
FHA Streamline Refinance Guidelines 2010 fhaloanadvice.com)
Average Homeowner In Obama Foreclosure Program Deeply Underwater, Drawing Calls From GOP To Cut Off Help huffingtonpost.com)