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New Home Affordable Foreclosure Alternatives Program Rules Impact Cincinnati Real Estate Market
The Federal Government has recently implemented another program designed to assist home owners in financial trouble. The government has already rolled out the Making Homes Affordable Modification Program (HAMP) designed to help homeowners modify their mortgages. The new Home Affordable … Continue reading
Posted in Cincinnati Real Estate, Home Seller Resource, Mortgages and Finance Tagged borrowers, Cincinnati Real Estate, closing costs, creditors, deficiency judgment, financial hardship, financial incentives, financial trouble, first mortgage, foreclosure, foreclosures, HAFA, home inventory, junior lien, lien holders, loan modification, making homes affordable, mortgage adjustment, mortgage debt, mortgage investors, mortgage servicers, promissory note, relocation assistance 2 Comments
Corporate Foreclosures and Individual Foreclosures
In recent weeks major real estate developers have been walking away from properties because like many home owners, they are underwater on their mortgages. Tishman Speyer Properties gave up the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex … Continue reading
Posted in Development, Mortgages and Finance Tagged apartment, banks, cooper village, creditors, economy, federal government, financial institutions, financial liability, foreclosure, foreclosures, housing market, lenders, manhattan, many home owners, Mortgages, peter cooper village and stuyvesant town, peter cooper village and stuyvesant town apartment complex, real estate developers, realtytrac, unemployment rate Comments Off
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