No Evictions during the Holidays

By odihost on January 6th, 2012

Both Fannie Mae and Freddie Mac will suspend evictions for single-family foreclosures and two- to four-unit properties during the holiday season, from Dec. 19 through Jan. 2, 2012. 

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

According to a Fannie Mae spokesman, “The holidays are meant for families to spend time together, especially if they’ve gone through the stress of financial challenges and foreclosure.  No family should have to give up their home during this holiday season.”  

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

While the holiday moratorium is in place, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be permitted to remain in the home until after the moratorium.

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

Although this is a nice gesture on the part of the two largest lenders in the country a recent report indicates we are a long way from being through with the foreclosure crisis.

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

Read More »

No Evictions during the Holidays

By odihost on January 6th, 2012

Both Fannie Mae and Freddie Mac will suspend evictions for single-family foreclosures and two- to four-unit properties during the holiday season, from Dec. 19 through Jan. 2, 2012. 

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

According to a Fannie Mae spokesman, “The holidays are meant for families to spend time together, especially if they’ve gone through the stress of financial challenges and foreclosure.  No family should have to give up their home during this holiday season.”  

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

While the holiday moratorium is in place, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be permitted to remain in the home until after the moratorium.

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

Although this is a nice gesture on the part of the two largest lenders in the country a recent report indicates we are a long way from being through with the foreclosure crisis.

Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html

Read More »

Traders work on the floor of the New York Stock Exchange December 13, 2011. REUTERS/Brendan McDermidReuters – Stocks surged on Tuesday on signs of easing stress in Europe’s bond markets as well as some positive economic data at home and abroad and as traders eyed a seasonal “Santa” rally into year end.


View full post on Yahoo! News: Stock Markets News

Read More »

In this Nov. 9, 2011, traders work on the floor of the New York Stock Exchange. Global stocks fell Wednesday, Nov. 23, 2011, after more evidence emerged that the global economy is faltering fast and that the eurozone is heading for a recession as the debt crisis spreads to the bigger economies like Italy and Spain.(AP Photo/Richard Drew)AP – Fear that Europe’s debt crisis is infecting Germany, the strongest economy in the region, sent stocks reeling Wednesday.


View full post on Yahoo! News: Stock Markets News

Read More »

FTSE slides before stress test results (AFP)

By admin on July 16th, 2011

London equities fell in opening trade on Friday, ahead of publication of crucial results of stress tests on the eurozone's troubled banking sector.(AFP/File/Ben Stansall)AFP – London equities fell in opening trade on Friday, ahead of publication of crucial results of stress tests on the eurozone’s troubled banking sector.


View full post on Yahoo! News: Stock Markets News

Read More »

In this June 27, 2011 photo, traders work on the floor at the New York Stock Exchange in New York. (AP Photo/Seth Wenig)AP – Global shares traded in narrow ranges Friday as investors braced for the results of stress tests on European banks intended to show how they would weather another sharp recession.


View full post on Yahoo! News: Stock Markets News

Read More »

London's benchmark FTSE 100 index slipped just 0.06 percent on Friday to close at 5,843.66 points, as investors waited for key bank stress test results.(AFP/File/Ben Stansall)AFP – London’s benchmark FTSE 100 index slipped just 0.06 percent on Friday to close at 5,843.66 points, as investors waited for key bank stress test results.


View full post on Yahoo! News: Stock Markets News

Read More »

Buying home tips

By admin on January 9th, 2009

Buying your home is a lot of fun, but can also have a great deal of stress. Here are some things to consider when searching for the perfect property for your family:

  • Ask a property agent to help you find the home that you simply cannot see your family living without. When you are interviewing agents, make certain to ask about his fees.
  • Think first how much is your budget, house specification like the number of bedrooms, bathrooms, or backyard.
  • Find out your target house neighborhood. Check if the area is growing or not, the crime rate, and distance to public area like schools, and mall.
  • Before you buy a home, you should always have it checked for termites.
  • Never offer the asking price right away. Offer something a little lower and allow some negotiating room.
  • When you look towards a home purchase loan, you’ll need to fully understand the interest rates. You should do research on different financial institutions because rates can be different between them.  If you choose a longer period, usually your interest rate will drop.
  • Find pre foreclosures house, which the owner has no choice but the sell the house, and therefore will listen to just about any offer that he receives. Due to this very reason, you can find pre foreclosures for sale. This is an ideal time to purchase, especially if you are looking to save a lot of money.
  • If you do not have the skill or time to check for your target house, you can hire a real estate inspector. But surely this will cost you. They can know problems on the property, thus you can address the problem before it turns out worse. They can also sheds light on the amount of money that will be needed in order to get the house in good working.
Read More »