by Tayeb Realty GroupJuly 6, 2011
Foreclosures
In June, the Department of Housing and Urban Development launched a new grant program to help home owners who have fallen behind on their mortgage payments due to unemployment or unexpected medical bills. The program offers eligible home owners $50,000 in interest-free loans for up to two years. HUD has until the end of the [...]
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by John TayebJuly 6, 2011
Foreclosures
Foreclosure sales continue to drop, but foreclosure inventories remain high in many markets across the country. By the end of May, the number of mortgages that were 90 or more days delinquent, combined with the foreclosure inventory, outpaced foreclosure sales by 50:1, Lender Processing Services Inc. reports. The biggest drop in foreclosure sales occurred in [...]
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