Foreclosure Articles from TRSForeclosures.comBlogs and Articles on Pre-Foreclosure Homes, Foreclosure Homes, NOD, HUD, REO and Bank Owned Foreclosures.What is a Short Sale- (Found September 17, 2008 ) A homeowner facing default or pre-foreclosure may want to consider a short sale. This decision should be made after exercising due diligence, research and weighing the tax and credit ramifications. A homeowner should always speak with a professional before making the decision to sell a home.http://www.trsforeclosures.com/blog/general/what_is_a_short_sale.htm Look for Foreclosure Listings to Keep Increasing- September 17, 2008 According to the Mortgage Bankers Association (MBA), mortgage applications declined to almost the slowest in seven years.http://www.trsforeclosures.com/blog/foreclosure_listings/look_for_foreclosure_listings_to_... Is The Government Doing Enough- September 17, 2008 There is a general sense among the public that mortgage lenders and the government are not doing enough to help borrowers with financial difficulties. The reality is, the mortgage lending community has put forth tremendous effort to assist borrowers who are dealing with distressed properties. In the second half of 2007, loan servicers have assisted close to 1,000,000 homeowners through repayment plans and loan modifications. This effort has been increased for the first half of 2008 and now...http://www.trsforeclosures.com/blog/foreclosure_crisis/is_the_government_doing_enough.htm Is The Bailout Bill Really Going to Bail Anyone Out- September 17, 2008 The government signed a bill last month that was supposed to be the housing bailout bill. The bill did many things but one of the key points was that it would help upside-down borrowers to refinance their mortgages. Over the past year, many banks have strayed away from helping these types of home owners because of the lack of equity and value in the home. This bill was written to assist in overcoming this obstacle.http://www.trsforeclosures.com/blog/foreclosed_properties/is_the_bailout_bill_really_going... HUD Homes- September 17, 2008 If the house you are interested in is a Housing and Urban Development (HUD) foreclosure, then it was last purchased with an Federal Housing Administration (FHA) mortgage. The Federal Government insured the loan, making the previous FHA loan possible. By insuring the loan the Federal Government agrees to repay the Lender for all money lost by the lender in case the property is foreclosed onhttp://www.trsforeclosures.com/blog/hud_homes/hud_homes.htm HUD- September 17, 2008 HUD is a government sponsored agency that stands for US Department of Housing and Urban Development. The main purpose of HUD is to help build and strengthen communities by creating affordable housing free from any kind of discrimination or bias. HUD has many programs available to help low to moderate income families obtain the dream of home ownership.http://www.trsforeclosures.com/blog/hud_homes/hud.htm How to Find a Foreclosure Home- September 17, 2008 There are many ways to find deals on foreclosed homes. However, you should be aware of the risks associated with each method and understand that it is not as easy as it may seem to find a good deal on a foreclosed home. The current housing market has presented a good opportunity for those who are in the market to buy a home. The growing number of homes that are being reclaimed by lenders are quite often sold for prices well under their market value. Owners are eager to sell these homes and..http://www.trsforeclosures.com/blog/foreclosed_homes/how_to_find_a_foreclosure_home.htm How to Avoid Foreclosure- September 17, 2008 Today, several million homeowners are in jeopardy of losing their homes. Many lenders and banks across the nation have closed their doors, seemingly overnight.http://www.trsforeclosures.com/blog/foreclosure/how_to_avoid_foreclosure.htm How to Afford the Down-Payment- September 17, 2008 Thinking of buying a foreclosure or pre-foreclosure property but you re unsure about the down-payment Here are some tips for you to have the cash needed to buy your next property.http://www.trsforeclosures.com/blog/foreclosures/how_to_afford_the_down_payment.htm Housing market- September 17, 2008 For the 1st quarter of 2008, US house prices have continued to decline. Since mid 2006, prices have fallen more than 19% and are down over 16% since spring of 2007. This represents the worst decline since the Great Depression in the 1920s1930s.http://www.trsforeclosures.com/blog/hud_homes/housing_market.htm |