Reports have circulated that HUD has given lenders approval to foreclose on seniors whose properties have gone into “technical” or other default, with specific instructions coming sometime this spring ...
And this year, city crews have been dispatched more than 30 times to 13 of the 16 properties the company still owns -- to board them up, cut tall grass or clear debris, actions the city takes on ...
IONIA -- For Cathy Hoppough, Friday is "HUD Day." That is the day she and two members of her staff wake before dawn and crunch through the snow to her downtown real estate office by 6:30.They turn on ...
The Department of Housing and Urban Development has been facing increased pressure to encourage servicers of government loans to use loss mitigation before foreclosing on seriously delinquent home ...
The U.S. Department of Housing and Urban Development (HUD) has come up with both a carrot and a stick to reduce losses arising from FHA insured loans gone bad. On April 26 HUD released information on ...
Imagine you’re a senior who has just lost your spouse. Soon after their funeral, while still grieving, you receive a letter in the mail, informing you that because your spouse passed away, you’re also ...
The Department of Housing and Urban Development is placing a moratorium on certain foreclosures and evictions, Secretary Ben Carson said Wednesday. Under the order, foreclosures on home mortgages ...
GRAND RAPIDS -- In today's crowded real estate market, the house at 936 McReynolds Ave. NW doesn't show very well. The front porch could use some TLC. There are holes in the plaster and the addition ...
The Federal Housing Finance Agency said it's ordering Fannie Mae and Freddie Mac to suspend foreclosures and evictions for at least 60 days. The decision was announced shortly after President Donald ...
Earlier this year, the U.S. Department of Housing and Urban Development asked local officials throughout the country to make recommendations on how to improve a program that allows local agencies to ...
Foreclosed home are usually sold "as-is," meaning the foreclosing institution won't make major repairs. What they will do is hire a contractor to clean the house and make it presentable, and that ...