Sentences with phrase «owned during the foreclosure»

«When the market crashed, many families lost homes they owned during the foreclosure crisis, and now may not be able to afford to buy another as home prices rise,» Gudell says.

Not exact matches

Treasury Secretary Steve Mnuchin, a 17 - year veteran of Goldman Sachs and a foreclosure king during the financial crisis who had his own issues at his Senate Confirmation hearing, has promised that the sweeping tax cuts would pay for themselves by boosting economic growth.

During the last decade, she has been a solo legal practitioner at her own law firm in Brockton, representing individuals and businesses in civil litigation matters related to housing, foreclosure, real estate, and consumer protection.

Bank - owned / real estate — owned (REO): Properties that have been taken back by the lender during the legal foreclosure proceeding to become an asset of the lender bank.

During his visit to our offices in June, as we chatted about this month's cover feature, he described his own labor of love: «In late 2010, I convinced my wife Nicole that the 1926 Cotswold cottage, a stripped - down foreclosure in the Oakland hills, was the house for us.

Other factors that can influence a bank's decision include the liability risk it assumes by owning the property after foreclosures, the money tied up during the holding period for a foreclosure and REO resale, additional costs associated with an REO such as attorneys» fees, and the additional reserves it will need if REOs rise in the bank's portfolio.

As we've explained, foreclosure comes with its own «seasoning period,» typically at least two years for VA loans, during which you likely won't be able to secure home financing.