Articles and Resources about Real Estate
FHA Loan |
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FHA loanFrom Wikipedia, the free encyclopedia.FHA loan is a mortgage loan in the United States insured by the Federal Housing Administration . The loan may be issued by federally-qualified lenders. FHA loans have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. The program originated during the Great Depression of the 1930s , when the rates of foreclosures and defaults rose sharply, and the program was intended to provide lenders with sufficient insurance . Some FHA programs were subsidized by government, but the goal was to make it self-supporting, based on insurance premiums paid by borrowers. Over time, private mortgage insurance (PMI) companies came into play, and now FHA primarily serves people who cannot afford a conventional down payment or otherwise do not qualify for PMI insurance.
Jan. 6 (Bloomberg) -- Foreclosure sales in the 25 largest U.S. metropolitan areas almost tripled in the first 10 months of last year as rising unemployment and falling home values made it tougher for homeowners to sell or refinance their mortgages. [read more]
A local non-profit agency has a way to save you money and others from falling into foreclosure Habitat for Humanity of Lee County created a new program. It's the first of its kind in the entire country. [read more]
Help is on the way for areas of Bibb County hit hard by the foreclosure crisis. Tuesday, city and county leaders cleared the way for the Economic and Community Development Department to take action. [read more]
Debra Fought was on the edge of foreclosure until she fought to get her life back. The Cary News has the story. [read more]
Homeowners can receive free legal advice on how to avoid a home foreclosure by calling a foreclosure help line between 9 a.m. and noon Saturday. A team of volunteer real estate attorneys will field calls at 1-800-252-0402. [read more]
With some help from UVA, a Central Virginia real estate expert has put together some important findings on Charlottesville's foreclosure rates. [read more]
The property where the Los Banos Rescue Mission is located has fallen into foreclosure. The future of the mission is uncertain at this time. [read more]
The developer of the Watson Hill property, caught for 3 1/2 years in an annexation battle between North Charleston and Summerville, now faces foreclosure on a $28.6 million loan. [read more]
(ARA) - Over the past year, we've been inundated with daily headlines about the growing foreclosure crisis. [read more]
Allegheny County property owners facing foreclosure will have the chance to negotiate with lenders to keep their homes under a pilot program expected to start next week. [read more]
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