deed in lieu

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Latest blogosphere posts tagged “deed in lieu”

  • Homeowners facing foreclosure may be able to remain in their homes


    Florida real estate blogAuthority Authority: 124
    Fannie Mae has started a program called Deed for Lease™, created with the goal of keeping homeowners who would otherwise lose their home to foreclosure and alternative way of remaining in the home.Homeowners who qualify and agree to give their home back to the lender via a deed in lieu will then be allowed to lease ...
    3 days ago
  • Fannie Mae Deed for Lease Program Allows Homeowners to Rent Back


    LoanWorkout.orgAuthority Authority: 440
    WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender.“The Deed for Lease Program provides ...
    5 days ago
  • Program Keeps REOs Occupied


    Mortgage-BlogAuthority Authority: 152
    The "Deed-for-Lease Program" has been introduced by Fannie Mae. It is immediately available on first lien mortgages owned or managed by Fannie. Qualified borrowers who transfer their properties through the deed-in-lieu of foreclosure process can execute a lease for up to 12 months.
    6 days ago
  • Banks Giving Some Homeowners Cash for Keys to Bail


    LoanWorkout.orgAuthority Authority: 440
    Despite federal loan modification programs to help struggling homeowners, many lenders are refusing to play ball and are proceeding with foreclosures.But some of those same lenders are quietly paying people to move out and find another place to live.It’s known as “Cash For Keys” and banks don’t talk about it ...
    1 week ago
  • Deed In Lieu of Foreclosure: Florida lawyers spot bait-and-switch scam


    The Florida Foreclosure Fraud WeblogAuthority Authority: 98
    Deed in Lieu of Foreclosure: Giving up the keys Just want to hand in the keys and walk away from your upside-down loan? Many of our clients - often facing impossible monthly payments or gut-wrenching shortfalls on their loan-to-value ratios - just want to turn in the keys and walk away from their loans. “What ...
    1 week ago
  • Deed In Lieu of Foreclosure: Florida lawyers spot bait-and-switch scam


    The Florida Foreclosure Fraud WeblogAuthority Authority: 98
    Deed in Lieu of Foreclosure: Giving up the keys Just want to hand in the keys and walk away from your upside-down loan? Many of our clients – often facing impossible monthly payments or gut-wrenching shortfalls on their loan-to-value ratios – just want to turn in the keys and walk away from their loans. “What ...
    1 week ago
  • Homeowners Walking Away Becoming More Common


    LoanWorkout.orgAuthority Authority: 440
    “I’m walking away from my house,” says Sakson, 57, who stopped making payments about six months ago on her home in Pennington, N.J. “The bank can have it.”What Sakson did is called a strategic default, or a voluntary foreclosure, and it’s fast becoming a major challenge to the government’s $75 billion ...
    1 week ago
  • Short Sales, Foreclosures and Your Credit Report


    Santa Clarita Real Estate BlogAuthority Authority: 421
    How short sales and foreclosures affect your credit report and FICO scores. Both short sales and foreclosures have negative impacts on borrower’s credit reports, but a foreclosure is much more difficult to recover from. After a foreclosure, it will also take considerably longer to restore your credit rating once ...
    1 week ago
  • Go Ahead, Walk Away


    LoanWorkout.orgAuthority Authority: 440
    There is nothing immoral about ditching your mortgage.A solid two years into the housing bust, the national foreclosure wave doesn’t show the least signs of abating. Banks that had called a foreclosure moratorium are now back to the business of taking back properties, and the foreclosure numbers are again at record ...
    4 weeks ago

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