The Pennsylvania Homeowners Emergency Mortgage Assistance Program was established in 1984, long before the recent mortgage crisis. The program gives bridge loans to people who have recently lost their jobs. And a recent study from the New York Fed says the Pennsylvania law works far better than the $30 billion national program set up in 2009 called the Home Affordable Modification Program, which
ForeclosureDeals.com, a leader in the foreclosure listings and foreclosure information industry, reports that Arizona foreclosures are becoming hot commodities. New statistics show home sales in the metro Phoenix area growing at a rate not seen since before the Arizona foreclosure crisis in 2005.
Foreclosure filings spiked upward another 7 percent in March of this year and one expert believes there are alternatives consumers can use to avoid becoming part of next month’s statistic. During March, the amount of foreclosure filings totaled 239,745, according to statistics released from RealtyTrac. This is up from February, when filings totaled 225,101. The rate [ ]
Lender Processing Services Inc. continues to say the investigations into its role in the nationwide foreclosure mess won’t have a material direct impact on its finances. But indirectly, the scrutiny on the foreclosure process is affecting the outlook for its business.
More than half of “foreclosure-prevention” companies that heavily advertise on local radio or other media allegedly
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