Worried about foreclosure?
Looking for home buying tips and opportunities?
Bankers, housing experts and others will be on hand to help Saturday at a free homeownership fair organized by federal officials. Individual counseling will be available, and presentations will be in Spanish and English.
"It's a forum for people to learn about preventing foreclosure and, if interested, in home ownership in general," said Christian Stearns, the N.C. field office director for event sponsor, the U.S. Department of Housing and Urban Development. "We've added the emphasis on foreclosure with what's going on."
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WINTER HAVEN - Polk County Sheriff's deputies are currently working a stolen vehicle case in which the vehicle in question is believed to have been used in a bank robbery that occurred in Winter Haven at approximately 12:41 p.m. Friday.
According to a Sheriff's Office report, during the evening hours Thursday, a green, four-door 1995 Dodge Spirit was stolen from a residence in Winter Haven.
The same vehicle was found abandoned on Brevard Terrace in the Valencia Woods subdivision, with the driver's-side door open, the engine running and the steering column punched, shortly after the Bank of America on Cypress Gardens Boulevard in Winter Haven was robbed Friday, the Sheriff's Office said.
Resources forMILWAUKEE -- More than $400,000 in grant money will help Milwaukee homeowners at risk of foreclosure.The grant will be given to the Wisconsin Housing and Economic Development Authority (WHEDA) to get counseling help for homeowners at risk.The money will be shared by the United Community Center on Milwaukee’s south side as well as HBC services.
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The U.S. Department of Housing and Urban
Development will host an informational meeting Tuesday for homeowners
facing foreclosure. City officials and HUD Secretary Alphonso Jackson are expected to address area homeowners. "His message is going to be that there is
help out there. People need to get in touch with their lenders and
counselors," said John Carson, HUD's regional director. Resources for
Q: On a financial news program recently, Sen. Bernard Sanders, I-Vt., said that tens of millions of American homeowners were soon to face foreclosure. I heard another report stating that home foreclosures are already at an all-time high.
Since my home is by far my biggest asset, should I sell now to prevent further losses?
A: No!
I don't know where Sanders, who is a self-declared socialist (the only such senator with that distinction), gets his supposed data, but he is way, way off the mark.
"There are typically about one-quarter of a million homes, which represents about 0.5 percent, in some stage of the foreclosure process at any given time in America," says Jerry Bowyer, chief economist with Benchmark Financial.
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Delinquencies in 4Q at their highest since 1985: MBA
CHICAGO (MarketWatch) -- More foreclosure records were broken in the fourth quarter of 2007, the Mortgage Bankers Association reported on Thursday.
The rate of mortgages entering foreclosure was at it highest level in the history of the MBA's quarterly national delinquency survey and the percent of loans somewhere in the foreclosure process also hit its highest level. The delinquency rate of loans past due but not in foreclosure was at its highest since 1985.
"Declining home prices are clearly the driving factor behind foreclosures, but the reasons and magnitude of the declines differ from state to state," said Doug Duncan, chief economist of the MBA, in a news release.
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