LENDERS TO REIMBURSE HOMEOWNERS WHO WERE IMPROPERLY FORECLOSED

Today Wednesday April 13, 2011, the Federal Government ordered 14 LENDERS TO REIMBURSE HOMEOWNERS WHO WERE IMPROPERLY FORECLOSED.

Take the opportunity to read these two articles, which share the information that some Lenders must pay some homeowners for improper foreclosure proceedings. When and how much will be determined individually.

Gov't orders 14 lenders to reimburse home owners

Government orders lenders to pay back homeowners for improper foreclosures

The recent reviews of foreclosure proceedings seems to be causing the Lenders to be more responsive to Homeowner inquiries and Short Sales. It appears that Lenders must make a greater effort to help Homeowners avoid foreclosures. Reducing foreclosures should help stabilize the housing market but unfortunately the banks are still holding foreclosure inventory. As this inventory is released it will impact the housing market.

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I am Margaret C. Taylor St Mary's County MD REALTOR®.

I am certified with the SFR, Short Sale and Foreclosure Resource Certification, from the National Association of Realtors and CDRS, Certified Default Resolution Specialist Certification, from America's Home Rescue. I am qualified to help you buy or sell your home.

CALL or TEXT 301 481 8407 for a FREE Consultation or to ask a question.

I am a Century 21 New Millennium Real Estate Agent, St Mary's County, MD

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This blog is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA or other specialist should be consulted for specific needs.

Read LENDERS TO REIMBURSE HOMEOWNERS WHO WERE IMPROPERLY FORECLOSED and other articles.