Foreclosure Articles from TRSForeclosures.comBlogs and Articles on Pre-Foreclosure Homes, Foreclosure Homes, NOD, HUD, REO and Bank Owned Foreclosures.Help for Distressed Homeowners- September 17, 2008 The President has signed into law legislation that will allow HUDs Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners.http://www.trsforeclosures.com/blog/general/help_for_distressed_homeowners.htm Government Assistance- September 17, 2008 This is a term used very commonly on financial reports and new stories. It stands for Government Sponsored Entities. Most people know them as Fannie Mae (FNM), Freddie Mac (FRE) and Ginnie Mae.http://www.trsforeclosures.com/blog/government_foreclosures/government_assistance.htm Foreclosures Stimulate Home Sales in Some Regions- September 17, 2008 Foreclosures are actually helping to stimulate home sales in some regions. Riverside County, California was amongst the areas hit the hardest from the subprime meltdown and housing slide. However, there is a bright spot to the story. As California continues to slide in home prices and delinquencies, home sales are up more than 10% over last year due entirely from the sale of foreclosures.http://www.trsforeclosures.com/blog/foreclosure_property/foreclosures_stimulate_home_sales... Look Out For False Hope and Scam Artists- September 17, 2008 A distressed homeowner must not let himself be a target for predatory lenders and scam artists. Even though a homeowner may be vulnerable, he should not be naive. Predatory lenders target people in financial distress and take advantage of those falling behind in their mortgage payments.http://www.trsforeclosures.com/blog/foreclosure_scams/look_out_for_false_hope_and_scam_art... Look Out For Foreclosure Scams- September 17, 2008 According to the FBI, mortgage fraud had seen an increase of more than 40% in the fiscal year 2007 amid a shrinking housing market. However, a large majority of these are due to fraud.http://www.trsforeclosures.com/blog/foreclosure_scams/look_out_for_foreclosure_scams.htm Mortgage Rates- September 17, 2008 We have all heard Ben Bernake, the head of the Federal Reserve, talk about lowering and raising rates. What some people dont realize is that this has nothing to do with mortgage rates. Mortgage rates are actually determined by bond trading on Wall Street.http://www.trsforeclosures.com/blog/mortgages/mortgage_rates_1.htm What does it mean to short a stock- (Found September 17, 2008 ) This is when an investor borrows stock of a company believing the stock is going to drop and sells them.http://www.trsforeclosures.com/blog/general/what_does_it_mean_to_short_a_stock.htm Watch Out for Foreclosure Relief Fraud- (Found September 17, 2008 ) Just as homeowners thought they had faced it all, now there is a growing problem with foreclosure relief fraud. While some borrowers in distress think they are getting assistance in avoiding foreclosure, in reality they could end up the victim of a scam. Rescue companies and foreclosure counselors are popping up all over the country. A few things that you should avoid if seeking their services are:http://www.trsforeclosures.com/blog/foreclosure_scams/watch_out_for_foreclosure_relief_fra... There Are Steps You Can Take To Avoid Foreclosure- (Found September 17, 2008 ) If you are experiencing financial hardship and own a home, do not ignore the looming problem. If you do not pay your monthly mortgage payments over a period of time, the mortgage company (lender) can and will foreclose on your home. This means you will lose title to your property and may be evicted from your home. A foreclosure becomes part of your credit report and may adversely affect your ability to obtain credit in the future. To avoid possible foreclosure, it is helpful to have money saved.http://www.trsforeclosures.com/blog/foreclosure/there_are_steps_you_can_take_to_avoid_fore... The Mortgage Forgiveness Debt Relief- (Found September 17, 2008 ) The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.http://www.trsforeclosures.com/blog/mortgages/the_mortgage_forgiveness_debt_relief.htm |