Mortgage workshop planned Wednesday (The News Journal)
A mortgage workshop will be held from 6 to 8 p.m. Wednesday at the Bear Library, 101 Governors Place. The workshop will offer instruction on how to understand your credit report, shop for a mortgage and, how to keep your mortgage current and prevent the loss of your home to foreclosure, state Deputy Bank Commissioner Gerry Kelly said. The event is free and open to the public. Dinner will be
Foreclosure fear rising from ARMs (Miami Herald)
NEW YORK - In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga., using a hybrid adjustable-rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset.
Utah foreclosures dive (Deseret Morning News)
Utah’s mortgage foreclosure rate has dropped to its lowest point in nearly seven years, and 26 other states now post higher rates than Utah, according to a new report.
Teaching homeowners how to avoid foreclosure (KHOU)
Recent figures show foreclosure listings in Harris County increased from 345 in May to 533 for June. Now there’s a push to help homeowners avoid losing their homes to foreclosure.
Boca firm stays on top of fast paced foreclosure market (Boca Raton News)
It’s a “buyer’s market” nationwide in residential properties, says Boca Raton based Foreclosure.com President and CEO Brad Brad Geisen.
Q&A on foreclosure and adjustable-rate mortgages (The Clarion-Ledger)
Q. What is foreclosure? A. A foreclosure occurs when the mortgage lender reclaims the title and rights to a house or property because the borrower is unable to pay the monthly mortgage obligation. The lender may sell the foreclosed property to satisfy the debt.