If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Following the example of Chase Bank, Bank of America, the nation’s largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes in an effort to get them off their books.
This offer from bank of America was emailed to select Florida Realtors earlier this week outlining basic details of the plan.
There are some strict conditions, however, regarding eligibility and investor participation. The short sales must be submitted for approval to Bank …
Following the example of Chase Bank, Bank of America, the nation’s largest mortgage servicer, is offering Florida homeowners up to $20,000 to short sale their homes in an effort to get them off their books.
This offer from bank of America was emailed to select Florida Realtors earlier this week outlining basic details of the plan.
There are some strict conditions, however, regarding eligibility and investor participation. The short sales must be submitted for approval to Bank of America before Nov. 30 to qualify. The homes must have no offers on them …
Reuters
7:10 p.m. EDT, September 8, 2011
WASHINGTON (Reuters) – The White House is seeking
to broaden U.S. homeowners’ access to mortgage refinancing in a
plan aimed at reducing home foreclosures and help the ailing
housing market.
President Barack Obama was poised to mention the effort in
his speech to Congress Thursday unveiling a $447 billion
jobs package, senior U.S. officials told reporters.
“We’re trying to do every single thing we can on housing,”
one U.S. official said, adding the administration was “working
around the clock” on the refinancing initiative.
“We’re hopeful that over the next … several weeks that we
will have …
by Kim Miller
The U.S. Department of Housing and Urban Development is dedicating $10 million nationally, including $463,462 for Florida, to help residents avoid foreclosure with legitimate loan modification assistance and housing counseling.
The money will be doled out to regional and local counseling agencies. Florida received the most money from the local allocation, with California earning the second highest amount at $367,433.
“The funding announced today is specifically earmarked to provide counseling assistance relating to mortgage modification, avoiding potential mortgage scams, and assisting victims of scams,” said HUD Secretary Shaun Donovan. “It …
CBS on Monday announced the names of the first 16 contestants for this season’s Survivor: South Pacific— and among them is a Broward County man.Albert Destrade, 26, of Plantation, who says he is both a baseball and a dating coach, will be introduced when the latest Survivor premiers Sept. 14 at 8 p.m. with a 90-minute episode.Back in 2003, Destrade, who is of Cuban descent, was a stand-out high school outfielder for Florida Christian School in Miami-Dade. He eventually landed a baseball coaching job at Lynn University in Boca …
Homes and condominiums in some stage of foreclosure accounted for 42 percent of all Broward County sales in the second quarter, a slight increase from a year ago, RealtyTrac Inc. said Thursday. In Palm Beach County, 37 percent of all home and condo sales in April, May and June were in the foreclosure process, up from 25 percent during the same period last year.Nationally, foreclosures accounted for 31 percent of all sales. In 2005, at the height of the housing boom, the share was only about 1 percent.Properties …
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