Tag: FHA
New Foreclosure Prevention Program Called Distressed Asset Stabilization Program
On the last working day of the previous week, the Department of Housing and Urban Development in the US announced that they are on the way to expanding a major foreclosure prevention program called the Distressed Asset Stabilization Program which will help a number of homeowners save their properties from foreclosure. According to this program,…
Shadow Inventory, 1.4 million homes to hit the market
There is a back log of foreclosure inventory that has built up over the past 2 years from the Robo-signing fiasco when lenders slowed down processing new forelcosures, that must be sold by the banks. The questions on everyone’s mind are “How and when will these foreclosures be released to the open market” and “When are they going to…