Homeowners in 27 states and Puerto Rico who are at risk of foreclosure may finally be getting some much-needed relief.
The Emergency Homeowners’ Loan Program (EHLP), created through the Dodd-Frank Wall Street reform, is designed to provide an interest-free loan to those struggling to make their monthly payments due to unemployment, underemployment, illness or injury.
EHLP will help these homeowners pay a portion of their monthly mortgage payments for up to two years or provide up to $50,000, whichever comes first. HU
NEW YORK — Permits for housing construction climbed in May, signaling a glimmer of optimism among homebuilders about the future of the housing market.
The number of permits for future housing construction jumped to a seasonally adjusted annual rate of 612,000 last month, up 8.7% from the revised rate of 563,000 in April, the Commerce Department said.
It was the highest monthly rate since December and was much higher than expected, with economists surveyed by Briefing.com looking for a 548,000 permit rate.
Permits for single-family homes, viewed as a more stable indicator of new homebuilding activity than permits for multi-family home construction, ticked up 2.5% from April to a rate of 405,000.
If you are considering downsizing and you are anything like me, you have kept a few too many mementos of happy times around the house – the kids’ artwork from kindergarten, homemade holiday ornaments, family photos and so much more. One day it is time to downsize and you realize all of the “stuff” in your house has you paralyzed.
Whether you are in the process of downsizing or just want to declutter your home, here are a few tips.
1.) My daughter Miah Browne wrote a post some months ago on tips for first time homebuyers . Once you have decluttered and are seriously considering a move, it is important for you to take advantage our information-packed site, raveis.com, which is great for all buyers whether downsizing, buying a first home, or trading up. Check out their Find A Home feature and look at sold property data and area information.
2.) Assess key comparables using our local housing data feature, updated in real-time. In addition, en
Evan Walsh, a Raveis agent in Wellesley, MA tells homebuyers why it is so important to survey windows in a prospective home. Some very insightful tips here! Have you been paying attention to the style and condition of windows while home shopping?
If you have a bill in collections, track down your original creditor to pay your bill and work on improving your credit. When a debt isn’t repaid, it can move from one collection agency to another while employees attempt to collect a portion of the debt. If you need to speak to the original creditor, find out their contact information and make the call. Original creditors may not be able to get the debt back from the collection agency it was sold to, but you can find out how legitimate the debt is by speaking with them.
Difficulty: Moderately Easy
Instructions
1Check your credit report for a list of your debtors.
After several years of pain, the latest statistics from the Mortgage Bankers Association point to a housing market on the mend.
NEW YORK — The mortgage delinquency picture is getting brighter, according to an industry report released Thursday, with falling delinquency rates indicating the housing crisis may be at the beginning of its end.
A quarterly release from the Mortgage Bankers Association revealed that mortgage payment problems eased during the first three months of 2011 for every category of default.
Foreclosure Fiasco
The rate of loans past due, unadjusted for seasonal factors, decreased 1.17 percentage points to 7.79% from 8.96% during the last quarter of 2010.
Homeowners in 27 states and Puerto Rico who are at risk of foreclosure may finally be getting some much-needed relief.
Foreclosure Fiasco