Idaho Foreclosure News
There are many aspects of real estate but foreclosure can be not only intrigueing but profitable.
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Friday, September 21, 2007
FHASecure expands the number of borrowers eligible for FHA- guaranteed loans to include homeowners in default. FHA borrowers take out loans from about 8,500 qualified lenders, paying an added insurance premium. Their monthly payments are guaranteed by the Federal Housing Administration, which covers defaults from the pool of insurance payments, using no taxpayer money. In addition to not missing any payments before their mortgages reset and having at least 3 percent equity in their homes, eligible borrowers must have a job and the income to cover the payments, said Steve O'Halloran, spokesman for the Department of Housing and Urban Development, which oversees the FHA.
Posted by Charlie Nate at 9/21/2007 10:12:00 PM
Friday, September 14, 2007
I have attached an article by Herb Weisbaum MSNBC contributor which warns people in foreclosure about the newest scams by companies being brought to the BBB's attention. These companies continue to pop up everywhere foreclosures are on the rise.
Posted by Charlie Nate at 9/14/2007 4:49:00 PM
Tuesday, September 11, 2007
Many people are wondering just how long this housing slump will last and when the forelcosure numbers will reach their peak. Many factors will come into play affecting these numbers such as the goverment stepping in to solve some of the subprime lending issues. Credit rating agency Moody's Investors Service says it will continue through 2009! IdahoDataProviders.com has updated its August stats for Notice of Defaults filed but read the attached article for a national overview.
Posted by Charlie Nate at 9/11/2007 6:16:00 PM
Wednesday, August 29, 2007
IdahoDataProviders.com collects defaults daily! Here is a graph to give everyone a visual of these filings.
Posted by Charlie Nate at 8/29/2007 8:34:00 PM
Tuesday, August 7, 2007
Each week I will post how many Notice of Defaults were recorded for the prior week in an attempt to keep everyone informed on the numbers for our valley...
Posted by Charlie Nate at 8/7/2007 5:18:00 PM
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