RealtyTrac reports 5 percent increase in October 2008 foreclosure activity

Thursday, November 13th, 2008

The October 2008 U.S. Foreclosure Market Report(TM) released today by RealtyTrac shows Foreclosure filings like default notices, auction sale notices and bank repossessions were reported on 279,561 U.S. properties during October, an increase by 5 percent from September and a 25 percent increase from October 2007. The report also shows ...

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Balloon amortization

Wednesday, November 12th, 2008

A balloon payment is a large onetime payment that is made to pay off a loan. A balloon amortization mortgage loan is offered by many lenders as a way to refinance your home loan if you can qualify certain credit worthiness. A mortgage amortization loan followed by a balloon payment is ...

Posted in Foreclosure News, Nation, Real Estate | 1171 Comments »

President Obama’s plan to tackle housing crisis

Thursday, November 6th, 2008

In midst of nation's financial crisis a ray of hope has emerged with Barack Obama being elected as the nation's 44th President. The President's immediate focus is on deciding how to implement the $700 billion rescue program which the Congress had passed in October. He has proposed a 90-day foreclosure ...

Posted in Foreclosure News, Nation News, Real Estate | 585 Comments »