FDIC Chairwoman Sheila Bair unveiled a proposal that would attack the foreclosure crisis at its core by keeping at-risk homeowners in their homes and extending payoff terms. Anthony Mason reports.
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It can cost the bank much more to foreclose than renegotiate terms, which is what some banks are doing. Harry Smith gets a detailed explanation from Joanne Lipman from Portfolio magazine.
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Darnell Horton is a father of two and a forklift operator at a lumber yard. Two years ago, he and his wife bought a home in the College Park suburb of Atlanta. The family could be facing foreclosure as early as next month. (Sept. 30)
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This video is from the show Open House on CNN. This video briefly explains what some tax & credit consequences homeowners may face after a short sale or a foreclosure. Consult with a CPA or your attorney for specifics.
More info at:
http://sccrealest ateuncensored.com/20 07/shortsale-foreclo sure-pt4/
http://micasamidi nero.com/2007/shorts ale-foreclosure-pt4/
Video duration: 426 seconds
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Isnt everything the last 5 years seem to be about some big money real estate scam? Here is an A&E "Flip This House" scam that was shown to viewers.
Part 2 of this story is located HERE http://www.youtube.c om/watch?v=zM8pXjLyG tE
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In this new web commercial from Freddie Mac, learn to spot a foreclosure scam and find out how to avoid becoming victim to home foreclosure fraud. (Follow this link for a Spanish version: www.youtube.com/watc h?v=qQQJ6unRYaY)
