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  2. Foreclosure
    3. (Page 3)

Foreclosure

Black Media Mogul to Aid Foreclosure Prevention

Billionaire Robert L. Johnson, the founder of Black Entertainment Television and owner of the Charlotte Bobcats NBA team, has announced a plan to fight foreclosures. Johnson has committed $1 billion to enable his minority-owned Urban Trust Bank and a new entity, Homeowners First Bank, to create an arrangement that allows loan servicers to pay the […]

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Fannie/Freddie-Ban on Foreclosures!!

Freddie Mac and Fannie Mae Announce Ban on Foreclosures Until Jan. 2009 Mortgage finance giants Fannie Mae and Freddie Mac revealed Thursday afternoon they will work to keep Americans in their homes, announcing a suspension on foreclosures starting Nov. 26, 2008 until Jan. 9, 2009. The two companies said no evictions will take place during […]

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Loan Company Tries Cutting Mortgage Principal

 At least one loan servicing company is retooling mortgages to lower the loan balance as well as the rate in order to keep borrowers in their homes. Reducing the principal on mortgages is “a last resort,” says Paul Koches, executive vice president at Ocwen Financial Corp., a West Palm Beach, Fla., loan servicer. Ocwen has […]

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Another Short Sale WIN!!!

Great news! We have another short-sale win, this time in  Westview! While it’s been a 10mths struggle to get the bank to come around- it’s also been 10 months of preventing an owner from being foreclosed on!! I’m very excited about this win as I have seen many agents attempt to negotiate short sales in the past […]

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JPMorgan Chase Freezes Foreclosures!!!

“In what may the biggest sign yet that banks are getting serious about attacking the nationwide wave of home foreclosures, giant JPMorgan Chase (JPM) announced on Oct. 31 that it is sharply ramping up its efforts to restructure the loans in its massive mortgage portfolio. For the next 90 days, JPMorgan will not place any […]

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Cool Condo’s & Townhomes in 30310! Incentives!!

6-unit townhomes across from Morehouse College in prestigious WEST END, walk to MARTA, shopping, restaurants, schools, park. Custom kitchens feature granite, stainless, hardwoods. Owner will give 40″ FLAT SCREEN & WASHER/DRYER with full-price offer SkyLofts BEAUTIFULLY CRAFTED CONDO COMMUNITY WITHIN WALKING DISTANCE TO SHOPS AND RESTAURANTS, JUST MINUTES FROM DOWNTOWN. MAHOGANY WOOD FLOORING, STAINLESS APPLIANCES […]

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Attention Prospective HomeBuyers

HomeSteps will pay up to 3.5%** Buyers Closing Cost Offer Buy a HomeSteps Home and save! HomeSteps will pay up to 3.5%** of the purchase price in closing costs for all offers presented on HomeSteps homes between October 23, 2008 and January 31, 2009. With our generous offer, homebuyers save money with each qualified closing! […]

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Banks: No Exceptions for Short Sales

 Increasingly, sellers seeking short sales are encountering a new twist. Lenders are agreeing to let some short sales go through, but they want the home owners to sign a note promising to pay some or all of the balance due – debts that could burden borrowers for the rest of their lives. Moody’s Economy.com estimates […]

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Why This Autumn is a Great Time to Buy

This fall could be a particularly great time for first-time or buyers long out of the market to jump in, say a variety of real estate professionals. Here are the reasons why: Prices are probably as low as they are going to go as the market stabilizes, thanks to the government takeover of Freddie Mac […]

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