Jobless Homeowners Receive Fresh Foreclosure Help from Feds

July 8th, 2011

The latest CoreLogic report showed a 7.4 percent year over year decline in home prices for the month of May. Although declining home prices have contributed significantly to the housing crisis and market recovery, the federal government has also recognized the lack of employment opportunities as well as high unemployment rate as factors which make the housing situation

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Program Targeting Foreclosed Bank and Tax Deeds Properties Expanded

February 22nd, 2011

Homeowners in South Carolina facing risks of losing their properties to bank foreclosures and foreclosure tax deeds properties can get assistance from the Homeownership and Employment Lending Program. The initiative was recently expanded to provide more coverage to troubled homeowners.

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FDIC’s Foreclosure Prevention Scheme Falls on Deaf Ears

December 10th, 2008

The Federal Insurance Agency (FDIC) guaranteed to share up to 50 percent of losses with mortgage companies which consent to refinance home loans that meet specific requirements. The scheme hopes to prevent an estimated 1.5 million mortgage foreclosure homes, and modify about 2.2 million mortgage

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