“It seems to me if they are holding on to homes, they are tripping over dollars to get pennies,” Zachary [...]
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Only 975 homeowners in Colorado entered the Obama Administration’s flagship program for keeping homeowners from losing their home in foreclosure, the fewest number since the program was launched, shows a government report released today. “It’s like you have a big fire and you throw a bunch of water on it. Sometimes you will put out the fire and be left with a lot of water damage,” Pete Lansing on programs designed to help [...] For the first time, more than 10,000 homeowners in Colorado are enrolled in the permanent part of the Obama Administration’s key program for keeping people out of foreclosure. “We will surpass 10,000 in October,” Shannon [...] “I have always said there is no silver bullet,” Zachary Urban. [...] “Data shows improvements in home prices, which have increased three months in a row, and a reduction in foreclosure starts and completions, which have been trending downward since fall 2010,” HUD Assistant Secretary Raphael Bostic. [...] “I would have the government step aside and let private banks modify loans on their own, if the determine the person could keep their house,” Ron [...] Mortgage modification programs will be ineffective in dealing with a “shadow market” of foreclosed homes that will darken the housing picture in the coming months, argues Ron Woodcock of RE/MAX [...] Some 242 Colorado homeowners likely avoided foreclosure in [...] |
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