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foreclosure review program is encouraged by fed in new video
the federal reserve released a video wednesday encouraging people to check out the independent foreclosure review , a resource for borrowers who were in foreclosure in 2009 or 2010 and who believe there may have been errors in the handling of their case.
short sales of u.s. homes on track to exceed foreclosure deals
short sales of u.s. homes rose to a three-year high in the first quarter as banks agreed to let more borrowers unload property at a loss, putting the transactions on pace to surpass deals for foreclosures, realtytrac inc. said.
maine has second-highest foreclosure rate in new england, report says
a foreclosure sign stands in front of a home in oregon in 2011. posted may 30, 2012, at 11:26 a.m. last modified may 30, 2012, at 5:42 p.m. a new report out wednesday finds that 4.3 percent of all maine homes with a mortgage were in the foreclosure process in april, the second highest rate in new england.
sales of foreclosure homes jumps
trend indicates a greater likelihood that home prices will continue to soften, as foreclosures and short sales typically sell at sharp discounts
