Sentences with phrase «hard by the foreclosure»

«It not only devastates these already struggling families, it also threatens to further destabilize neighborhoods hit hardest by foreclosures.»

The area was hit hard by the foreclosure crisis, and today its littered, winding streets are pockmarked with boarded - up homes and corners that serve as makeshift memorials for victims of gun violence.

In most cases, inland communities in San Diego were hit hard by foreclosures over the last few months.

In 17 targeted municipalities hit hard by foreclosures, the «Pathway to Purchase» (P2P) program provides down payment assistance equal to 10 percent of the purchase price (up to $ 20,000) in the form of a five - year forgivable loan.

The firm's study also identified the markets in which boomerang buyers are likely to buy again, including cities that were hit hardest by the foreclosure crisis, such as Las Vegas, Fort Myers, Modesto, and Phoenix.

In these communities hit hardest by the foreclosure crisis, the weight of foreclosed and vacant properties will continue to hold back growth and drive down home prices absent additional intervention.

Not exact matches

WHITE PLAINS, NY — Attorney General Eric T. Schneiderman, joined by housing advocates and local lawmakers, today released a new, three - year report detailing the results of his office's recent efforts to prevent foreclosures, keep families in their homes, and rebuild communities hit hardest by the housing crash.

Few places in the nation were hit harder by the Great Recession's foreclosure crisis.

Rochester hard money loans are backed by the property versus the trustworthiness of the borrower; as such, we don't discriminate against previous bankruptcy or foreclosure.

Tight financing guidelines, making it harder for people to buy homes, combined with an unprecedented number of families turned out of their homes by foreclosure has rents increasing in many parts of the country.

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.

Issues on a borrower's record such as poor credit scores, short sales, bankruptcies, foreclosures, loan modifications and can be overlooked by hard money lenders.

The companies, Fannie Mae and Freddie Mac, have been hit hard by the mortgage foreclosure crisis.

Bill Apgar, HUD Senior Advisor for Mortgage Finance said today, «HUD's new Emergency Homeowner Loan Program will build on Treasury's Hardest Hit initiative by targeting assistance to struggling unemployed homeowners in other hard hit areas to help them avoid preventable foreclosures.»

Ohio, one of the states hardest hit by foreclosures, is planning to sell $ 100 million worth of taxable bonds to make new, 30 - year fixed - rate loans at 6.75 percent to Ohio homeowners who can't afford their existing mortgage but have not yet entered foreclosure.

Many were hit hard by the recent recession and are renting because they lost their homes to foreclosure or because it is a more affordable housing option.

Patterson had been plagued by industrial decline and was hard hit by housing foreclosures during the recession.

Among other things, the data shows that the five states hardest hit by the foreclosure crisis hold some other dubious distinctions as well.

On February 27 the Federal Housing Finance Agency (FHFA) announced a pilot program to be operated by Fannie Mae to sell nearly 2500 foreclosed properties in six hard hit foreclosure states for the purpose of providing rental housing.

Helping more families remain current on their mortgage by significantly reducing their monthly mortgage payment will allow them remain in the home that they worked so hard to obtain and reduce the impact of foreclosures on local home prices.

The video also looks at the return of Gen Xers to the market after being hard hit by the foreclosure crisis, Congress» effort to reform...

Wall Street buyers are acquiring the debt after foreclosure starts dropped this year to the lowest level since 2006 and house values soared in California, Phoenix and other markets hard - hit by the real estate crash.

The state was hit hard by the recession and the foreclosure numbers prove how devastated the damage the housing market suffered.

Those who feel this is risky should recall that FHA went the opposite way since 2008, making it much harder to buy a home, and today they are just about broke, the victims of the foreclosures they helped to create by retarding prices.

Other states hard - hit by the foreclosure crisis as well as high unemployment also were found to be difficult for homeless children, including Arizona, California, and Nevada.