A notification process provided in Indiana’s house repo prevention law is expected to abate the worsening problem of foreclosures in the state. The main goal of the law is to encourage troubled borrowers to take advantage of the foreclosure counseling process.
JPMorgan Chase has decided to place servicers in its various mortgage centers and branches to work with housing counselors in helping distressed homeowners prevent repo homes.
The role of banks in preventing the surge of Los Angeles bank owned homes will be tracked by the city so it can reward banks that are making reinvestments in the community with its estimated $30 billion account.
In several of his television guest appearances, senior adviser David Axelrod provided insights on President Barack Obama's foreclosure prevention program.
Among the top priorities of the incoming U.S. President should be to establish policies that will prevent further foreclosures and policies that will revive the housing market.
One per 10 homeowners in the U.S. has defaulted on his mortgage payment or in some form of foreclosure proceedings, according to the Mortgage Bankers Association (MBA).
Governor Mike Easley gets a last shot at expand his influence by stressing the importance of his move to push a program designed to impede foreclosures. Supporters believed the program made it controlled.
Print This Article
Add To Favorites