Jun 29th 2012 5:15PM
A government-sponsored REO-to-Rental program that aims to soften the blow of foreclosed homes to the housing market has entered a new stage. The Federal Housing Finance Agency, which controls Fannie Mae and Freddie Mac, recently announced that it has selected the winning bidders of a preliminary program that will allow... Continue Reading »
Apr 25th 2012 5:23PM
When Robert Canoles and his son Branden saw two people trying to enter the foreclosed and empty home next door to them in Porterdale, Ga., they were quick to react. They held the unknown visitors at gunpoint, and waited for the Newton County Sheriff's deputies they'd summoned to arrive. The officers quickly arrested the... Continue Reading »
Feb 15th 2012 1:51PM
With an estimated 3.6 million more foreclosures expected over the next two years, the government-backed mortgage giants have a proposition for you: How'd you like to take a couple (hundred) homes off their hands? In a recently announced program, the Federal Housing Finance Agency, which regulates the quasi-government... Continue Reading »
Nov 1st 2011 6:00AM
President Obama recently announced he would extend the nation's mortgage refinancing program in an effort to provide relief to homeowners whose mortgages are worth more than the value of their homes. With 11 million underwater households no one can claim the housing crisis over. However, some regions have survived the... Continue Reading »
Aug 24th 2011 1:17PM
Monique Bryher, a Realtor with Pinnacle Estate Properties in Los Angeles' San Fernando Valley, has just about had it with squatters. In recent months she's encountered people living in four vacant bank-owned homes she's trying to sell. In one case, she says, the renegade residents "threw weekly rave parties and charged... Continue Reading »
