Real Estate News Blog July Archive

Rep. Frank asks lenders to avoid passing foreclosures

07/25/08 14:07

Good news for both lenders and borrowers: the federal government is already nearing the approval of a House bill that will move 400 000 distressed loans to a more affordable package backed by the national government. Prior to this, Rep. Barney Frank of Massachusetts asked lender to refrain from passing foreclosures while the bill is still in Congress. More about that news and more here in the Washington Post.

News: National Briefing - washingtonpost.com

Want loan - you already have it

Real estate is a really hot business and this lures many fraudulent people as well to try and earn some extra cash using unfair or illegal means. Recently a scam was unearthed where lots of apartments had been fraudly mortgaged using the stolen identity of some other persons. It was only when one such person applied for a mortgage did he come to know about this fraud

[404 Check: was link to http:/ / www. signonsandiego. com/ news/ metro/ 20080708 -9999 -1n8fraud. html, anchor: News: SignOnSanDiego.com ]

The Definitions of 'Foreclosure'

At this time when the housing economy is in a mess, we often hear the word 'foreclosure'. For many of us, foreclosures occur when lenders take away your--THEIR--property from you. To some, however, it takes on a different meaning. So how do we define a foreclosure, considering that a lot can be said with a given definition?

News: Real Estate by Christie Smythe: 'Foreclosure' definition varies | www.azstarnet.com