In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
This latest program, which will allow owners to sell for less than they owe and will give them a little cash to [...]
Posts Tagged ‘foreclosure’
Program to pay homeowners to sell at a loss
March 8th, 2010 by Financial Writer
Tags: borrowers, foreclosure, households, mortgage, mortgage finance, owners
more...Foreclosure relief program riddled with flaws
January 26th, 2010 by Financial Writer
Millions of Americans who are struggling to save their homes from foreclosure are trapped in a labyrinth of disappointment and misinformation created by the very institutions they’ve been told are trying to help them.
Ten months into the government’s third program in two years to stop a record wave of foreclosures, homeowners, housing counselors, consumer advocates [...]
Tags: consumer advocates, economic recovery, foreclosure, homeowners, housing counselors, lenders
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