Treasury to Announce New Program to Avoid Foreclosure

The Treasury Department on Thursday announced two new programs to help distressed homeowners avoid foreclosure. One program will provide incentives for lenders to modify mortgage terms, and the other will streamline the short sale process, in which a lender agrees to a sale for less than the value of the homeowners’ mortgage.

Avoid “foreclosure consultants” or “foreclosure prevention companies” that make big. announced in February 2009, the Making Home Affordable program.

The new push, which the White House is scheduled to announce Friday. months and be funded out of $50 billion previously allocated for foreclosure relief in the emergency bailout program for the.

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A new data analysis by the American Farm Bureau Federation showed that Chapter 12 bankruptcies – which allows family farmers and fishermen to restructure their finances to avoid foreclosure – rose.

Detroit has been a major beneficiary of the blight demolition program, begun in 2013, having secured 7 million through the first three rounds of funding, according to city officials. Treasury.

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HUD and Treasury Announce Enhancements to Housing Program. On December 4, the U.S. Department of Housing and Urban Development (HUD) released an update titled HUD and Treasury Announce Enhancements to Housing Program. HUD AND TREASURY ANNOUNCE ENHANCEMENTS TO HOUSING PROGRAM Changes Will Provide Greater Relief to Struggling Homeowners and.

A federal inspector is taking the Treasury Department to task for not doing enough to promote HAMP, a program designed to help borrowers avoid foreclosure. By Lisa Prevost May 8, 2015

UNCLAIMED MONEY How to File a Claim? New York Times Treasury Dept. Foreclosure Avoidance Program. As part of the economic rescue package passed by Congress in early October, the Treasury Department is preparing a $40 billion program to help delinquent homeowners avoid foreclosure.

Treasury Announces Short Sale Incentive Program As part of its foreclosure prevention efforts, the Obama Administration is launching a new program to encourage short sales and deed-in-lieu of foreclosure transactions for financially pressed homeowners who are unable to obtain loan modifications.

How the government's flagship homeowner relief program hangs. Unable to keep up with his mortgage payments, Ordoez turned to his. foreclosure rate nationwide in 2008, to announce the government's. Further complicating matters, the Treasury has continued to tweak the new program's details.

It’s 2002, All Over Again: Homeownership Registers Record Drop in 2007 Mangini said that if he had it to do all over again, he never would have informed NFL Security that the Patriots were taping the Jets’ signals during a game on September 10, 2007. “If there is a.