Sentences with phrase «hit by the foreclosure»

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.

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

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...

He and the seller were not disappointed, despite the fact that Elmwood Park was among the many communities hit by foreclosures.

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.

With the number of foreclosures skyrocketing, some of these single - family home foreclosures may add to the number of rental units and even help stabilize distressed neighborhoods that have been badly hit by the foreclosure crisis, the study says.

Not exact matches

By enlisting a host of tactics to delay the foreclosure process, like filing bankruptcy, pushing back short sale dates and hitting lenders with requests for more documentation, consumers are able to further delay the inevitable.

Romney himself remains haunted by a statement he made to the Las Vegas Review - Journal last fall, when he said the best housing policy was to let foreclosures «hit bottom.»

While the mainstream media reported that foreclosures hit a post-crisis low in October, not reported by the mainstream media is that delinquencies, defaults and foreclosure starts are spiking up.

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

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.

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.

These actions should be welcomed by taxpayers and homeowners alike — very few neighborhoods haven't felt the blight of a foreclosure and the resulting hit to the adjacent property values, and making those truly responsible face their consequences should lighten the burden for everyone else.

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

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

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.&raqHit initiative by targeting assistance to struggling unemployed homeowners in other hard hit areas to help them avoid preventable foreclosures.&raqhit areas to help them avoid preventable foreclosures.»

In works such as Couch (2012)-- a sateen sofa sawed in half and then cemented back together — McMillian uses post-consumer objects including discarded mattresses, carpets, chairs and bedsheets as both the material and the subject matter of his art, as he evokes the physical, psychological and economic distress of communities hit by loan defaults, home foreclosures and unemployment.

It is hitting at the peak of the foreclosure crisis, no doubt making every house touched by the stuff an impossible sale.

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.

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.

Subprime residential mortgages more than 90 days delinquent or in the foreclosure process, for example, hit 9.27 % in the second quarter, a year - over-year increase of 304 basis points, according to the latest delinquency survey by the Mortgage Bankers Association.

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.

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.

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.

But the areas hit by natural disasters late last year continue to face elevated levels of mortgage delinquencies and foreclosures.

But in at least seven of the 20 metros, home price gains could be threatened in 2013 by another round of foreclosures and short sales hitting the market during the year.

What's more, the current estimates by housing experts is that the shadow inventory of looming foreclosures that haven't yet hit the market could be as high as 4 million homes.

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.