http://www.fhaloanpros.com/2008/01/federal-foreclosure-freeze-is-frozen/ The Unofficial Guide to FHA Loans & Mortgages Tue, 17 May 2011 20:16:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.fhaloanpros.com/2008/01/federal-foreclosure-freeze-is-frozen/#comment-44008 Nearly Gold Tue, 10 Mar 2009 11:24:23 +0000 http://www.fhaloanpros.com/2008/01/federal-foreclosure-freeze-is-frozen/#comment-44008 FHA loans should be assumable; like they used to be. No one in his right mind would negotiate a new loan under present conditions. Assume - yes. The lending institutions, it seems to me, would like to foreclose and load up on toxic properties, take taxpayer handouts (Tarps and the like) and wait until the housing market "re-booms." Am I wrong? FHA loans should be assumable; like they used to be. No one in his right mind would negotiate a new loan under present conditions. Assume – yes. The lending institutions, it seems to me, would like to foreclose and load up on toxic properties, take taxpayer handouts (Tarps and the like) and wait until the housing market “re-booms.” Am I wrong?

]]> http://www.fhaloanpros.com/2008/01/federal-foreclosure-freeze-is-frozen/#comment-3244 BEV Wed, 13 Feb 2008 06:36:45 +0000 http://www.fhaloanpros.com/2008/01/federal-foreclosure-freeze-is-frozen/#comment-3244 Hi Peter, very interesting and enlightening; back-to-basics exposure on this issue is just what we need--a lot of. I am a broker associate in the State of Idaho, digging-in to all that I can learn about pre-/foreclosures, short sales, owners in distress, etc. What I notice more than not in my increasingly frequent meetings and "mini-seminars" with homeowners who are struggling in the foreclosure-information-quick-sand (often labeled "help"), is the notion that lenders DESIRE to foreclose on and "take back" properties. Don't you agree that it is time for a dose of "Foreclosure Fundamentals 101" for the chunk of America that will "receive their first foreclosure notice... And so on?" I suggest we who can do the schooling, start posting the REAL basics, and let folks know the shocking truth; there are truly helpful steps to take to work oneself out of a foreclosure, and some of these long-held paradigms jsut need to die. Instead of an anti-foreclosure program, how about a PRO-absorbtion program on the part of, particularly, real estate licensees across the country? Hi Peter,
very interesting and enlightening; back-to-basics exposure on this issue is just what we need–a lot of. I am a broker associate in the State of Idaho, digging-in to all that I can learn about pre-/foreclosures, short sales, owners in distress, etc.
What I notice more than not in my increasingly frequent meetings and “mini-seminars” with homeowners who are struggling in the foreclosure-information-quick-sand (often labeled “help”), is the notion that lenders DESIRE to foreclose on and “take back” properties.
Don’t you agree that it is time for a dose of “Foreclosure Fundamentals 101″ for the chunk of America that will “receive their first foreclosure notice… And so on?” I suggest we who can do the schooling, start posting the REAL basics, and let folks know the shocking truth; there are truly helpful steps to take to work oneself out of a foreclosure, and some of these long-held paradigms jsut need to die. Instead of an anti-foreclosure program, how about a PRO-absorbtion program on the part of, particularly, real estate licensees across the country?

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