Sentences with phrase «caused by foreclosures»

The housing crisis was caused by foreclosures which were caused by rapidly falling housing values.

She's written extensively about FEMA fraud, questionable police stings, corruption in school construction, deadly incompetence in Florida's child welfare agency, and housing woes caused by foreclosures.

The unchlorinated and unkept pools were once a telltale sign someone was on vacation, but now they are often caused by foreclosures or an effort to save money.

Not exact matches

Declines in foreclosures and REOs inventories caused by a multi-year decline in foreclosure starts put upward pressure lower tiered properties more than more expensive homes.

Whatever the cause, Schneiderman's victory in the foreclosure negotiations paves the way for further investigations and prosecutions by the joint task force.

The foreclosure crisis caused by some of the big banks that will be targeted on Saturday drove millions of families from their homes nationwide, and Poughkeepsie was not spared.

Ensuring that borrowers are not victimized by «junk fees» and excessive charges: The CRL asserts that the recent foreclosure crisis was caused by ``... reckless and predatory lending practices and toxic financial products [and] not by any policy goal aimed at increasing home ownership.»

The CRL asserts that the recent foreclosure crisis was caused not by low income borrowers, but instead by the greed driven actions and decision making by certain mortgage lenders and brokers; it notes that proposals for raising the minimum credit score requirement and charging higher mortgage insurance premiums up front and annually will obstruct the path to buying a home for some.

The problem with appraisals over the last couple of years is not that they weren't valid at the time of the loan, but that the foreclosures caused by mortgage fraud and ridiculously lenient loan programs have caused property values to crash.

Rewriting FHA requirements for future mortgage loans insured by FHA could be an option, but FHA is currently between a rock and a hard place with its current commitment to reimburse lenders for foreclosure losses and the need for addressing problems caused by homes worth less than the mortgage loans financing them.

Unless the bankruptcy or foreclosure was caused by situations beyond your control, we generally require two to four years to pass after the bankruptcy or foreclosure.

However, if you can prove that the foreclosure was caused by involuntary job loss or income reduction, and your payment history has been good since then, the waiting period can be as little as one year.

This applies not only to credit newbies, but also to those who have a negative history caused by extremely delinquent accounts (e.g. late payments, repossession, debt collections, tax liens, foreclosure, judgments, bankruptcy, etc.) who are stuck in this vicious cycle.

Having a foreclosure will cause severe damage to credit scores and will remain on reports for 7 years, scores could drop by 200 — 400 points depending on how high scores were prior and other information reporting.

The plan, which is designed to help address the adverse economic conditions affecting many communities across America, will help break the cycle of house price depreciation that is being caused by an increasing number of foreclosures and the overall contraction in the credit market.

With many mortgage delinquencies caused by long term unemployment and fallen home values, the government is adding relief provisions in hopes of keeping more homeowners out of foreclosure.

They are probably servicing your loan that is backed by Fannie Mae or Freddie Mac - they don't typically «hold» loans and you need to find out because failure to pay them if you are supposed to can cause you to go into foreclosure

To be eligible for the latest FHA home loan mortgage, borrowers must show that their foreclosure or bankruptcy was caused by a job loss or reduction in income that was beyond their control.

Mortgage rates were 14 per cent in 1980, 13 per cent in 1990, with a foreclosure epidemic along the way caused by the 18 per cent to 21 per cent peaks in 1981.

In short, factors that lead to foreclosure, such as business failures, plant shut - downs, area unemployment, or the over-all ill health of the nation's economy, should be more worrisome to homeowners in general, than an actual nearby foreclosure that may have been caused by a sudden and unexpected event in the life of one particular homeowner.

«The drop in overall foreclosure activity in November was caused largely by a 71 - month low in foreclosure starts for the month, more evidence that we are past the worst of the foreclosure problem brought about by the housing bubble bursting six years ago,» says Daren Blomquist, vice president at RealtyTrac.

While it is true that a foreclosure sale will wipe out subordinate liens and the bulk of any problems caused by former owners, it won't work to extinguish the liens of ad valorem taxes or problems that were missed when the previous owner bought the property.

The paperwork challenges faced by banks that caused a delay in the foreclosure process over the last ten months are starting to clear.

«During the recession, a lot of associations were really hurting, especially in Florida, California, and Las Vegas,» says Frank Rathbun, a spokesperson for CAI, noting that associations were plagued by solvency issues caused by underwater and financially strapped residents entering foreclosure or failing to pay HOA fees.

«The most effective preventative vaccine for the blight caused by vacant, abandoned foreclosures has proven to be a short and efficient foreclosure process,» said Daren Blomquist, vice president at RealtyTrac.

Declines in foreclosures and REOs inventories caused by a multi-year decline in foreclosure starts put upward pressure lower tiered properties more than more expensive homes.