Foreclosures

Foreclosures

Smart Ways of Getting a Great Price for a Luxury Residence

When you think about your dream home, it’s very rare to think about a modest house with a small yard. Since you’re just dreaming anyway, you often think about luxury residences in Montreal and in other large cities where there are plenty of convenient services and amenities. But don’t just regard these homes as mere fantasies. Perhaps there’s a way to own one at a more reasonable price. Just because they’re luxury homes, it doesn’t always mean that they’re out of your reach.
HUD - U.S. Department of Housing and Urban Development

HUD RELEASES GUIDE TO HELP STRUGGLING HOMEOWNERS AVOID FORECLOSURE

The U.S. Department of Housing and Urban Development today released the Homeowners Guide to Success as part of a public-private partnership between federal agencies and industry partners. The guide provides homeowners with information on the critical first steps to take if they are at risk of missing a mortgage payment or facing foreclosure.
USDOJ

Two Los Angeles-Area Managers of Foreclosure Rescue Companies Convicted for Roles in Mortgage Fraud...

A federal jury found two Los Angeles, California-area managers of foreclosure rescue companies guilty today for their roles in a foreclosure rescue scheme. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division
First Time Buyers

Is Buying a Home Worth the Struggle for First Time Buyers?

Home ownership is traditionally seen as the gateway into middle class life. Once you own a property, you have officially arrived. A survey carried out by House Logic found that 51% of people living in rented homes were keen to buy, which is perfectly understandable given the uncertainty of life in the private rental sector.
USDOJ

Justice Department Sues Northwest Trustee Services, Inc. in Bellevue, Washington, for Illegally Foreclosing on...

The U.S. Department of Justice today filed a lawsuit in U.S. District Court for the Western District of Washington, alleging that Northwest Trustee Services, Inc. (Northwest) violated the Servicemembers Civil Relief Act (SCRA). The complaint alleges that since 2010, Northwest completed foreclosures on at least 28 homes owned by servicemembers without obtaining the required court orders

FHA EXTENDS FORECLOSURE RELIEF FOR HOMEOWNERS IMPACTED BY RECENT HURRICANES

The Federal Housing Administration (FHA) is extending its initial 90-day foreclosure moratorium for FHA-insured homeowners impacted by Hurricanes Harvey, Irma and Maria for an additional 90 days due to the extensive damage and continuing needs in hard-hit areas. Read FHA's letter to lenders, servicers and counseling agencies.
Ginnie Mae

Ginnie Mae Issues Guidance to Issuers Affected by Hurricanes’ Harvey and Irma

Ginnie Mae issued an All Participants Memorandum (APM) – PM 17-02 to Single-Family Issuers providing buyout guidance for loans impacted by Hurricane Harvey and Hurricane Irma.
HUD - U.S. Department of Housing and Urban Development

HUD ANNOUNCES DISASTER ASSISTANCE FOR U.S. VIRGIN ISLANDS STORM VICTIMS

U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the U.S. Virgin Islands and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma. Last week, President Trump issued a major disaster declaration for St. John and St. Thomas Islands. The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in this county.
MBA

Delinquencies and Foreclosures Continue to Decline in Q2 2017

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.24 percent of all loans outstanding at the end of the second quarter of 2017.  The delinquency rate was down 47 basis points from the previous quarter, and was 42 basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey

Housing Advocates Applaud Introduction of Legislation Protecting Tenants at Foreclosure

The National Housing Law Project (NHLP), the National Law Center on Homelessness & Poverty (The Law Center), and the National Low Income Housing Coalition (NLIHC) applaud Representative Keith Ellison (D-MN) and Senator Richard Blumenthal (D-CT) for introducing legislation to permanently extend the Protecting Tenants at Foreclosure Act (PTFA)

Housing Advocates Applaud Introduction of Legislation Protecting Tenants at Foreclosure

The National Housing Law Project (NHLP), the National Law Center on Homelessness & Poverty (The Law Center), and the National Low Income Housing Coalition (NLIHC) applaud Representative Keith Ellison (D-MN) and Senator Richard Blumenthal (D-CT) for introducing legislation to permanently extend the Protecting Tenants at Foreclosure Act (PTFA).

HUD ANNOUNCES DISASTER ASSISTANCE FOR VIRGINIA HURRICANE MATTHEW VICTIMS

The U.S. Department of Housing and Urban Development announced today it will speed federal disaster assistance to the Commonwealth of Virginia and provide support to homeowners and low-income renters forced from their homes due to Hurricane Matthew.

HUD SECRETARY ANNOUNCES HELP FOR VICTIMS OF HURRICANE MATTHEW

U.S. Housing and Urban Development Secretary Julián Castro today announced HUD will speed federal disaster assistance to the States of North Carolina, Florida, and Georgia and provide support to homeowners and low-income renters forced from their homes due to Hurricane Matthew. This week, President Obama issued a disaster declaration for the following counties

New report from NeighborWorks America focuses on people who’ve been helped by foreclosure prevention...

While taking care of his mother-in-law, who had a serious medical condition, Brian Martinez was laid off from his job after 33 years. Medical complications of his own set in, and while he eventually secured new employment, like millions of others in the United States, his income didn’t rebound and he and his wife found themselves struggling to pay their mortgage.

Español SEIA Search Go Follow Us Facebook Twitter LinkedIn YouTube Google+ Pinterest...

After eight years of work, the Bureau of Land Management’s (BLM) Desert Renewable Energy Conservation Plan (DRECP) will effectively foreclose development of renewable energy resources on millions of acres of federally managed lands in Southern California, said a coalition of renewable energy and labor groups in response to the federal government’s release of the plan. The plan abandons the initial promise to balance renewable development with preservation of desert land.

Business Real Estate Press Releases

Kamran Charmsaz

Kamran Charmsaz Becomes Shareholder of KTGY Architecture + Planning

International award-winning firm KTGY Architecture + Planning is pleased to announce the addition of Kamran Charmsaz, CSI, CCCA, LEED AP, as a shareholder. Charmsaz, formerly an associate principal with KTGY, was also named a principal. Charmsaz is based in the firm’s Tysons, Virginia office and joins other KTGY Tysons shareholders: Rohit Anand, AIA, NCARB, principal; and Smita Anand, AIA, principal

Recent Gov & Nonprofit Real Estate Press Releases

MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 9, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from one week earlier.