Items Tagged with 'American Homeowner Preservation'

ARTICLES

  • Cash for Mortgage "Clunkers"

    It sounds like the next federal incentive program -- instead of offering taxpayer funds for new car purchases in exchange for that old gas guzzler, this one promises cash for those inefficient, outdated and nonperforming mortgage loans. There's only one, small difference: This cash is not from the government. And neither is the program. American Homeowner Preservation (AHP) is coining a phrase from recent federal stimulus efforts with its “Cash for Clunkers Mortgages” promotion.
    Read More
  • California Foreclosure Sales up 32% in May

    Foreclosure sales in California rose 31.9% in May after jumping 35% the month before, according to a survey by ForeclosureRadar. The service, which tracks each foreclosure in the state, noted 30% fewer foreclosures went to sale at auction from the same time last year. The total auction sales in May -- 17,871 properties -- represented more than $8bn in total loan value, although the majority -- 83% -- of these sales started at an opening bid at an average 58.6% of the loan value, according to the survey.
    Read More
  • Homeowner Denial Eases

    A 60% majority of US homeowners said in Q109 they believed their homes lost value during the past 12 months, while 80% of homes actually lost value during that time, according to a quarterly survey released today by Zillow.com.
    Read More
  • Homeowner Hotline Hopping

    The Homeownership Preservation Foundation (HPF), which operates the Homeowner’s HOPE Hotline, announced Tuesday that more than 124,000 homeowners have called the hotline since President Obama announced his “Making Home Affordable” plan on March 4, 2009.  On average, 13,500 homeowners have reached out to the Hotline each day since the announcement, about three times the average number of daily calls the Hotline received prior to the release of the president’s program.
    Read More
  • Michigan Sheriff Halts Foreclosure Sales

    In recent months, 300 to 400 foreclosed homes come up for sale each week in Michigan's Wayne County. And as of Monday, that will no longer be the case. "Today I will be stopping all mortgage foreclosure sales in Wayne County, beginning with the sale that was scheduled for this Wednesday," said Wayne County Sheriff Warren Evans in a statement earlier this week.
    Read More
  • Partnership Aims to Make Foreclosure Shopping a Breeze for Investors

    First American CoreLogic, a member of The First American Corp. [stock FAF][/stock] family and a provider of property and ownership information, analytics and services, announced Tuesday it had entered a partnership with start-up real estate search engine Roost Inc. The partnership will offer real estate investors quick access to information on more than 1.5 million foreclosed homes, both companies said in a statement.
    Read More
  • Foreclosure Rates Fall in October, Report Says

    Foreclosures fell in October -- for the second month in a row -- to nationwide lows not seen since last February, according to data released Monday by ForeclosureS.com, a real estate investing service. Of course, much of the drop is being driven by local legislation, meaning that the recent drop probably won't tell us much about the state of real estate.
    Read More