Renters See Opportunity In Foreclosed Homes – LBPOST
Of that quarter, 92% are at least somewhat likely to buy a foreclosed property. Thanks to the expanded housing tax credit, which includes a new $6,500 credit available to current homeowners looking to purchase a new home or trade up, interest levels
Source: www.lbpost.com

Survey Shows Home Buyers Less Interested in Foreclosed Properties – MortgageNewsDaily.com
consumers said they might be somewhat willing to buy a foreclosed property in the future. In May 55 percent expressed such willingness. The survey, however, found that real estate investors, current home owners in the market to trade up, and renters
Source: www.mortgagenewsdaily.com

New Survey From Trulia and RealtyTrac Shows Investors, Trade-Up Buyers – Yahoo Finance
US adults (23 percent) are at least somewhat likely to purchase a second home or investment property , and of these, 92 percent are at least somewhat likely to buy a foreclosed property. Renters are showing strong interest in buying foreclosed
Source: biz.yahoo.com

Advocates eye new plan for jobless borrowers – Marketwatch
WASHINGTON (MarketWatch) — With the nation’s jobless making up a major part of future home foreclosures, advocacy groups are meeting with top Obama administration officials to seek ways to help keep the growing wave of unemployed borrowers in their
Source: www.marketwatch.com

Homeowner counseling program may end – Greenville News
One of the last safety nets protecting South Carolina homeowners from losing their homes will vanish next month because state officials didn’t apply for federal money that pays for free foreclosure counseling. The decision not to apply left local
Source: www.greenvilleonline.com

NPHS Selects CounselorDirect Web-Based Software – TMCnet
Neighborhood Partnership Housing Services has selected CounselorDirect Web-based software to streamline the loan modification process for consumers. The technology will be used by NPHS, a HUD-approved non-profit counseling organization, and a top
Source: caas.tmcnet.com

Jobless advocates seek more foreclosure relief – Investors Business Daily
WASHINGTON (MarketWatch) — With the nation’s jobless making up a major part of future home foreclosures, advocacy groups are meeting with top Obama administration officials to seek ways to help keep the growing wave of unemployed borrowers in their
Source: www.investors.com

Caroline Crossroads – Free Lance-Star
Counselors work with hard-sought-after grant funding to run our loss mitigation-foreclosure prevention programs only to see the mortgage industry try to pass their ineffective program execution on to others. Thank you, U.S. Treasury, for putting
Source: fredericksburg.com

Citi’s holiday treat: No foreclosures for a month – CNN Money
NEW YORK (CNNMoney.com) — Citigroup will suspend foreclosures and evictions for 30 days, giving 4,000 at-risk borrowers a break during the holiday season, the company said Thursday. The New York-based bank said distressed homeowners with first
Source: money.cnn.com

Fannie Mae’s Christmas Present: Delayed Foreclosure Evictions – Seekingalpha.com
There has also been pressure by regulators and even the White House on the private sector lenders to avoid foreclosures. These efforts have reduced the numbers, but the real impact is to pass the trash to a future period. We know that 60% of
Source: seekingalpha.com

Real estate investors find the property management in San Diego to be – PR Inside
2009-12-14 22:11:44 – San Diego has the largest number of property management companies in US. The investors who are keen to buy a property in San Diego find themselves more secured than in any other place. The San Diego property management companies
Source: www.pr-inside.com

Five Illinois Dems Oppose Mortgage Modifications – Progress Illinois
We want to avoid foreclosures today, but not in a way that creates new problems for tomorrow. Quigley’s justification is similar to that of the banking industry , who have long contended by modifying the terms after the initial agreement was signed
Source: progressillinois.com

Home buyers likely to buy foreclosed home are under 55 and single – TCPalm
The most likely buyer of a foreclosed home is single, currently renting, under age 55 and not living in the Midwest, data released Tuesday from an ongoing online survey shows. The survey of adults 18 and older was conducted Nov. 5 to Nov. 9 by Harris
Source: www.tcpalm.com

New Survey From Trulia and RealtyTrac Shows Investors, Trade-Up Buyers – Yahoo Finance
Additionally, younger adult renters are significantly more likely to purchase a foreclosed home : 61 percent of renters ages 18-34 and 65 percent of renters between the ages of 35-44 are at least somewhat likely to consider purchasing a foreclosure
Source: biz.yahoo.com

Boston Foreclosure Lawyer For Hassle Free Outcome – PRLog (free press release)
PR Log (Press Release) – Dec 17, 2009 – Attorney Ravosa is admitted to the practice of law in Massachusetts and Connecticut and has an accomplished record as a bankruptcy lawyer, trial lawyer, negotiator, and strategist. Attorney Ravosa is a
Source: www.prlog.org

Unemployment has social service agencies trying to do more with less – Pittsburgh Post-Gazette
Nick was homeless in Butler with two children, Kylee, 2, and Tyler, 9 months, with the mother out of their lives. Safe Harbor, part of Catholic Charities, supplied him with an apartment and other help. Before Christmas he plans to move into his own
Source: www.post-gazette.com

Foreclosure news round-up – Weblogs.baltimoresun.com
The Christian Science Monitor , reporting on Citigroup’s decision, points out that this sort of move saves a lending institution from comparisons it might not like. For instance, Christmas Eve evictions on the other hand, “bonuses that the bankers
Source: weblogs.baltimoresun.com

Foreclosures lose luster among average buyers – Boston Globe
Roughly 43 percent of American adults say they are at least somewhat likely to consider buying a foreclosure in the future, according to a Harris survey commissioned by Trulia.com and RealtyTrac. While that may sound impressive, it’s down markedly
Source: www.boston.com

The real estate issue – Time Out New York
Where to buy in Chicago : Dropping home prices means it might be time to buy. Motivated sellers : Some folks are desperate to sell their homes. Buying a foreclosure : One Chicago couple tries to find a foreclosure worth buying. What are foreclosures
Source: chicago.timeout.com

Buyers’ interest in foreclosures waning – Chicago Tribune
Consumers’ fascination with foreclosures may be flagging. In May, 55 percent of adults said they were at least somewhat likely to consider buying a foreclosed home. When a similar online survey was conducted last month by Harris Interactive , only 43
Source: www.chicagotribune.com

Sick of Renting? Buy a Foreclosure – Military.com
In today’s flagging housing market it’s easy to envy renters — they don’t have to worry about paying for home repairs, home owners’ association dues, or property taxes. On the other hand, they do have to worry about throwing their money
Source: www.military.com