New rule affects homeowners in foreclosure avoidance program

New rule affects homeowners in foreclosure avoidance program AMP documentation requirements updated. The U.S. Dept. of the Treasury and the Dept. of Housing and Urban Development (HUD) recently announced changes to its Home Affordable Modification Program...

Struggling to pay your FHA mortgage?

 Struggling to pay your FHA mortgage? Now you no longer have to be late with your payments to get help. On Friday, the Federal Housing Administration announced that it will assist borrowers before they become delinquent. All you need do is prove your problems...

HAMP on track to meet goal

More than 110,000 permanent loan modifications were approved under the Obama administration’s Home Affordable Modification Program (HAMP) as of December, according to the U.S. Dept. of the Treasury and the Dept. of Housing and Urban Development (HUD).  Under...

With the recent rise in foreclosures, foreclosure-related scams have exploded

HOMEOWNERS BEWARE: Foreclosure Rescue ScamsBrought to you by your Realtor® Arnie Levine Broker of County Properties and the California Association of Realtors® With the recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene....

Free legal and realtor (R) consultation to preventing foreclosure

The U.S. Dept. of Housing and Urban Development (HUD) offers an online guide to preventing foreclosure.  The guide provides consumers with information such as how to contact a housing counselor; when and how to talk to their lender; how to find foreclosure...

Loan modifications rise 69 percent in third quarter

National bank and thrift servicers implemented more than 680,000 home loan modifications and payment plans in the third quarter of 2009, a 69 percent increase compared with the second quarter, according to a report released by the Office of the Comptroller of the...