Sentences with phrase «for home foreclosure»

2007 and 2008 were the worst years on record for home foreclosure cases.

Prosecutors originally charged the once - powerful Democrat with embezzling funds while acting as a court - appointed referee for home foreclosure proceedings.

Records show that Terry has been the defendant in at least five lawsuits in Nassau County Supreme Court, one of which led to a judgment for a home foreclosure and sale in 2000.

Not exact matches

For example, health problems and disability contributed to half of all home foreclosure filings and over 60 percent of all personal bankruptcy filings.

Thanks to record long waits for foreclosure reviews this year, 40 percent of homeowners in default have been sitting pretty in their homes for the last two years without paying a dime, CNN Money reports.

Foreclosures are widespread (usually the owners were victims or ARM loans but otherwise pay their bills), this means that these previous home owners will be out of the home buying game for a good 3 years because a lender will not lend to them, they become renters, usually of houses.

Should foreclosure take place, the lender may find it difficult to sell the home for an amount sufficient to cover the outstanding mortgage balance and make a profit from the transaction.

The economy would «borrow its way out of debt,» re-inflating asset prices for real estate, stocks and bonds so as to deter home foreclosures and the ensuing wipeout of collateral on bank balance sheets.

But because California is a non-recourse state, you generally won't be liable for the deficiency if you experience foreclosure in the Golden State (note that this only applies to first mortgages on a home).

You may also be able to avoid foreclosure by applying for help from a federal program such as the Home Affordable Modification Program (HAMP), or by applying for hardship assistance or loan modification through the bank that holds your mortgage.

Whalen also references the REO to rental issues, regional issues driving foreclosures and an outlook for national home prices heading into next year.

It's possible to qualify for an FHA home loan within one or two years of a bankruptcy or foreclosure.

If you've had a bankruptcy filing or a home foreclosure in the past, you may find it easier to qualify for an FHA loan.

Sales of bank - owned homes and those on the foreclosure path fell sharply in the second quarter, reflecting a thinner slate of troubled properties for sale in many cities as banks take a measured approach to placing homes on the market.

For homeowners, short sales are generally preferable to foreclosures, and they can be used to delay the process if your home is already in preforeclosure.

Via its FHA Back to Work program, for example, the FHA will allow loans for a home buyer who is just 12 months removed from a bankruptcy, foreclosure or short sale.

«Distressed homes — foreclosures and short sales — represented 8 percent of August sales, remaining in the single - digits for the second straight month and down from 12 percent a year ago.

If things were tough for first - time buyers, they were even tougher for small real estate investors who saw foreclosure discounts — the difference between the median price for full - price homes in a market and the median REO price - shrink and even disappear altogether in some markets.

Rising prices, whether for homes in general or foreclosures alone, contributed to the declining in investor market share.

Across the country, a growing number of single - family rentals provide an option for many who lost their homes in the housing crash through foreclosure and for those who can not obtain a mortgage under today's tougher credit conditions.

Some 52 percent of all rental units in the U.S. are single - family homes, housing 27 percent of all renters.i Most, 3.60 million, were originally built for owner occupancy but passed into the ranks of rentals when their owners lost them through foreclosure.

Freddie Mac states that most homes sell for a 5 % discount, whereas the typical foreclosure sells at about a 40 % discount according to real estate data website RealtyTrac.

While you are probably not planning to buy a home with the intention of going into foreclosure in the future, it is best to be aware of where you stand and what you can expect if your circumstances were to change for the worse.

The new rates applies to all FHA loans including the 203k refinance loan, which is used for home construction; and, special FHA programs such as the Back to Work program for consumers with a recent bankruptcy, foreclosure, or short sale, and the FHA Streamline Refinance.

We believe the Bush administration will be under increasing pressure in 2007 to argue for a guest worker amnesty as the U.S. middle class begins to experience increasing home foreclosures in a market where employment in the lower - skilled job categories are increasingly difficult to find.

That's because those seven metros experienced rebounding foreclosure activity in 2012, and much of the new foreclosure activity from 2012 will translate into a rebound in the supply of short sales and bank - owned homes listed for sale in 2013.

While strengthening demand in these markets may help lessen the negative impact that this additional foreclosure inventory has on home prices, at the very least the influx of distressed inventory for sale will likely act to slow the rate of home price appreciation seen in recent months.

Additionally, foreclosure homes have a somewhat deserved reputation for being neglected, and sometimes even vandalized.

In theory, at least, this can be a win - win - win solution to the problem of underwater homes: Homeowners instantly reduce their monthly payments and begin building positive equity in their homes; mortgage lenders benefit because above - water homeowners are far less likely to default and the foreclosure process is very expensive for banks; and the process helps speed recovery for the entire economy.

There are still plenty of foreclosure homes available within the Washington, D.C. housing market, and they represent a money - saving opportunity for buyers willing to jump through some hoops.

He adds that while aggressive state efforts to prevent foreclosures kept some Boston - area distressed properties off the market for a while, many such homes are finally going up for sale.

As an Assemblyman, he fought against foreclosures, passed historic rent regulations for New York City, and helped transform empty luxury apartments into affordable homes for middle - class families.

In July, Governor Cuomo announced the commitment of $ 10 million for a three - year initiative to create homeownership opportunities, make needed home repairs to prevent foreclosure, and fund a targeted zombie property prevention strategy for Buffalo's East Side and the Town of Cheektowaga.

So, he and his family set their sights on developing property, purchasing West Hill homes mostly abandoned and in foreclosure for unpaid taxes.

Five recently sold homes in Manhattan, plus homes for sale, foreclosures, local mortgage rate comparison, housing data and nearby offerings.

With bankruptcy, the home would go into foreclosure, with the city taking title to the property and its assets used for back taxes.

While the timeline for each property differs, some homes sit vacant for years while the banks finish foreclosure.

The money will also provide services for at - risk homeowners to avoid foreclosure and stay in their homes.

«I applaud Attorney General Eric Schneiderman for the work he has done for many years to fight foreclosure and help people from across the state from losing their homes,» said Dunkirk Mayor A.J. Dolce.

In a lopsided victory, the incumbent Sampson — who is accused of with stealing more than $ 400,000 in home foreclosure sales and tampering with an FBI investigation, among other charges — garnered 3,000 votes more than his closest challenger to take 54.2 percent of the vote in the Democratic primary for the 19th Senate district.

The agreement echoes an effort from Attorney General Eric Schneiderman who's been pushing for state law changes that would speed up the foreclosure process and put more people back into abandoned homes.

Hawkins calls for a publicly - funded, single - payer health care program for all New Yorkers, free tuition at SUNY and community colleges, a moratorium on home foreclosures, no new fossil fuel infrastructure, and a Green New Deal to create jobs and protect the environment.

«The hardest part of this problem is identifying the problem upfront - who's involved, what's going on with each individual property - and then we can find tailored solutions for each individual property, as well as find ways to prevent more homes from becoming zombie foreclosures, so do more targeted outreach to homeowners so that people are aware of their rights and their responsibilities with regard to their properties.»

The measure crafted by Attorney General Eric Schneiderman would make banks and other lenders responsible for homes that have been abandoned after the start of a foreclosure.

On a similar note, foreclosures are reaching an all - time high in the Bronx, as we see an upsurge of foreclosed homes for sale.

Schneiderman will announce that the state will make $ 13 - million available for those vacant, abandoned, and run - down homes that are often going through foreclosure.

The Times reported Howe's financial scandals included failure to pay back a home equity loan, three home foreclosure cases, lawsuits filed by home contractors for non-payment and a bank - theft case involving $ 45,000 in phantom funds to which he pleaded guilty in 2010 and was sentenced to one year of probation.

New York Governor Andrew Cuomo signed a bill into law today that requires banks to care for «zombie» properties — homes that are in foreclosure and have been abandoned.

In a press release on April 11, Schneiderman announced that $ 20 million of funds from settlements with Goldman Sachs and Morgan Stanley would be used «to provide local governments with innovative technology to address and transform problem properties — including homes and buildings that are blighted, poorly maintained, vacant, abandoned, and in financial distress — that fell into disrepair following the foreclosure crisis,» as part of a program called Cities for Responsible Investment and Strategic Enforcement, or Cities RISE.

Sampson was indicted in 2013 after prosecutors said he stole more than $ 400,000 in home foreclosure sales to help finance an unsuccessful bid for Brooklyn district attorney and tried to cover up the alleged crime.