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With his life back on track, Dave, a quality-control inspector at Sikorsky Aircraft Corp., wants more than anything to start making his mortgage payments again.
First of all, I think it is ironic that the experts and banks who laughed at this idea back 2 years ago are eating crow pie, now taht they have been knocked off their pedestals. Of course, at that time the economy was much better than it is today. Those banks that we have bailed out with taxpayer money are now forced to do the moratorium because they can not keep up with the pace of foreclosures from all those bad loans they approved. Personally, I think they should fail and go bankrupt, and
Phoenix Short Sales Or Foreclosures: Which is the Better Option For You? By Reed Lattin Published Yesterday Real Estate Rating: Unrated The sub-prime mortgage crisis that struck Phoenix and other places in the US really made an impact on many families In fact, there are many who are facing foreclosures Attachments
[ Quote: ] Government-controlled mortgage finance companies Fannie Mae and Freddie Mac said Friday they have immediately suspended all foreclosure sales involving occupied single-family and 2-4 unit properties through March 6. This is to give troubled borrowers more time to work with loan servicers to avoid losing their homes. The move, which doesn’t apply to vacant properties in foreclosure, is ahead of the Obama administration’s roll-out of its national foreclosure prevention and loan mo
The Office of Thrift Supervision yesterday called on savings and loans that it monitors to halt foreclosures on owner-occupied homes until the government finalizes a national home loan modification program “in the next few weeks.” Treasury Secretary Timothy Geithner said on Tuesday government would commit $50 billion to prevent foreclosures, as part of a broader program to fix the banking crisis. John Reich, OTS director, said in a release, “OTS-regulated institutions would be supporting the
