Local Realtor Named Finalist For National Volunteer Award – Chattanoogan
Ten realtors were announced Wednesday by the National Association of Realtors as finalists for Realtors Magazine’s 2009 Good Neighbor Awards, including Regina Ragon of Flintstone. Now in its 10th year, the Good Neighbor Awards program recognizes …

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Students pitch in to help Habitat for Humanity – Democrat and Chronicle
Flower City Habitat for Humanity has been around for 25 years. And Sister Sue Hoffman wants to make sure it’s still around 25 or more years. So the 63-year-old Sister of St. Joseph who serves as high school and college program coordinator for Flower …

Blog Marketing

Hotels Deliver Some ‘Jingle Mail’ – Wall Street Journal
‘Jingle mail” isn’t just for Homeowners anymore. From San Diego to Dearborn, Mich., an increasing number of hotel owners in the U.S. market are simply walking away from money-losing properties and forfeiting them to lenders. The rise in hotel …

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When landlords default, renters need to learn their Rights – WTKR
Renters aren’t immune to the heartache of Foreclosure. When their landlords default on the mortgage, tenants could be squeezed out of a place to live. But often renters aren’t aware of their Rights in these situations. “It is extremely confusing …

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When landlords default, renters need to learn their Rights – WNEP-TV 16
Renters aren’t immune to the heartache of Foreclosure. When their landlords default on the mortgage, tenants could be squeezed out of a place to live. But often renters aren’t aware of their Rights in these situations. “It is extremely confusing …

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Q+A: Tips for modifying your home loan – Detroit Free Press
ANSWER: First off, you want to be very careful to avoid getting involved with scam artists. Do not fall for claims, such as a “97% success rate” for cutting your mortgage payment. No one can make any blanket guarantees. It is best to call your lender …

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www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Fix That Foreclosure – PR.com
Browns Mills, NJ, August 10, 2009 –( PR.com )– If you lost a property through Foreclosure from 2004 to 2009, you may be entitled to a money settlement. A large number of these Foreclosures were improper due to violations of the Real Estate …

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www.freeforeclosurelawyer.com Foreclosure Victims Blog News

When landlords default, renters need to learn their Rights – WNEP-TV 16
Renters aren’t immune to the heartache of Foreclosure. When their landlords default on the mortgage, tenants could be squeezed out of a place to live. But often renters aren’t aware of their Rights in these situations. “It is extremely confusing …

LEGISLATIVE ACTION BY ISSUE – Stateline
Corrections budgets were on the chopping block in at least 26 states as the recession forced lawmakers around the country to close prisons and lay off correctional officers, cut back on inmate rehabilitation programs and, in some cases, release …

Last 5 Days – Aspen Daily News
A lawsuit filed by a developer against Alpine Bank in late July asked that the court prohibit the Foreclosure of its property at 625 E. Main St., among other %26ldquo;prayers for relief.%26rdquo; But the bank went ahead and did just that when it started …

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www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Hopeful Homeowners Fall for foreclosure Rescue Scams – ABC News
Gray times call for black and white advice. So here it is: If somebody approaches you and says he or she can help modify your mortgage or save your home from foreclosure, run away. Unless the person suggesting this works for your mortgage company, it …

10 questions: A calling for parks – Morning Sun
Gratiot County Parks and Recreation director Nicole Frost stands on a bridge in Reed Park in Gratiot County. Staining this bridge is one of many projects Frost is working on in the parks. Sun photograph by LISA YANICK-JONAITIS for several years …

Urban gardens could cause neighborhood trouble – News-Leader.com
In response to a July 31 Voices editorial, a zoning text amendment permitting urban gardens will soon reappear before the Planning and Zoning Commission. Urban gardens appear to be a plus for our community and on the surface seem benign, especially …

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www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Sections Explained: Summary
 Overview of Program
 
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes. Help families keep their homes by increasing pre-Foreclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of  nontraditional and sub prime mortgages on primary residences;
Help…

Sections Explained: (Sec. 112)
SECTION: 112
MAXIMUM PRINCIPAL LOAN 
OBLIGATION
`(A) not to exceed the lesser of--
`(i) in the case of a 1-family residence, 110 percent of the median 1-family house price in the area, as determined by the Secretary; and in the case of a 2-, 3-, or 4-family residence, the percentage of such median price that bears the same ratio to such median price as the dollar amount limitation in effect for 2007 under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C….

Sections Explained: (Sec. 113)
 SECTION: 113
SELLER-FUNDED 
DOWNPAYMENT ASSISTANCE
 
SEC. 113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED  DOWNPAYMENT ASSISTANCE.
Paragraph 9 of section 203(b) of the National Housing Act (12 U.S.C. 1709(b)(9)) is amended to read as follows:
(9) CASH INVESTMENT REQUIREMENT-
(A) IN GENERAL- A mortgage insured under this section shall be executed by a mortgagor who shall have paid, in cash, on account of the
property an amount equal to not less than 3.5…

Sections Explained: (Sec. 114)
SECTION:114
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

 
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

Sections Explained: (Sec. 115)
SECTION: 115
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

Sections Explained: (Sec. 116)
SECTION: 116 
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

 
 
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and…

Sections Explained: (Sec. 117)
SECTION: 117 
Sections 117-121
 
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and’ before `(2)’; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)’; and (2) in subsection (g), by striking `, except that’ and all that follows and inserting…

Sections Explained: (Sec. 118)
SECTION: 118
 Sections 117-121
 
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and’ before `(2)’; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)’; and (2) in subsection (g), by striking `, except that’ and all that follows and inserting…

www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Sections Explained: Summary
 Overview of Program
 
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes. Help families keep their homes by increasing pre-Foreclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of  nontraditional and sub prime mortgages on primary residences;
Help…

www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Sections Explained: Summary
 Overview of Program
 
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes. Help families keep their homes by increasing pre-Foreclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of  nontraditional and sub prime mortgages on primary residences;
Help…

Sections Explained: (Sec. 112)
SECTION: 112
MAXIMUM PRINCIPAL LOAN 
OBLIGATION
`(A) not to exceed the lesser of--
`(i) in the case of a 1-family residence, 110 percent of the median 1-family house price in the area, as determined by the Secretary; and in the case of a 2-, 3-, or 4-family residence, the percentage of such median price that bears the same ratio to such median price as the dollar amount limitation in effect for 2007 under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C….

www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Sections Explained: Summary
 Overview of Program
 
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes. Help families keep their homes by increasing pre-Foreclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of  nontraditional and sub prime mortgages on primary residences;
Help…

Sections Explained: (Sec. 112)
SECTION: 112
MAXIMUM PRINCIPAL LOAN 
OBLIGATION
`(A) not to exceed the lesser of--
`(i) in the case of a 1-family residence, 110 percent of the median 1-family house price in the area, as determined by the Secretary; and in the case of a 2-, 3-, or 4-family residence, the percentage of such median price that bears the same ratio to such median price as the dollar amount limitation in effect for 2007 under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C….

Sections Explained: (Sec. 113)
 SECTION: 113
SELLER-FUNDED 
DOWNPAYMENT ASSISTANCE
 
SEC. 113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED  DOWNPAYMENT ASSISTANCE.
Paragraph 9 of section 203(b) of the National Housing Act (12 U.S.C. 1709(b)(9)) is amended to read as follows:
(9) CASH INVESTMENT REQUIREMENT-
(A) IN GENERAL- A mortgage insured under this section shall be executed by a mortgagor who shall have paid, in cash, on account of the
property an amount equal to not less than 3.5…

Sections Explained: (Sec. 114)
SECTION:114
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

 
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

Sections Explained: (Sec. 115)
SECTION: 115
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Sections Explained: Summary
 Overview of Program
 
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes. Help families keep their homes by increasing pre-Foreclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of  nontraditional and sub prime mortgages on primary residences;
Help…

Sections Explained: (Sec. 112)
SECTION: 112
MAXIMUM PRINCIPAL LOAN 
OBLIGATION
`(A) not to exceed the lesser of--
`(i) in the case of a 1-family residence, 110 percent of the median 1-family house price in the area, as determined by the Secretary; and in the case of a 2-, 3-, or 4-family residence, the percentage of such median price that bears the same ratio to such median price as the dollar amount limitation in effect for 2007 under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C….

Sections Explained: (Sec. 113)
 SECTION: 113
SELLER-FUNDED 
DOWNPAYMENT ASSISTANCE
 
SEC. 113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED  DOWNPAYMENT ASSISTANCE.
Paragraph 9 of section 203(b) of the National Housing Act (12 U.S.C. 1709(b)(9)) is amended to read as follows:
(9) CASH INVESTMENT REQUIREMENT-
(A) IN GENERAL- A mortgage insured under this section shall be executed by a mortgagor who shall have paid, in cash, on account of the
property an amount equal to not less than 3.5…

Sections Explained: (Sec. 114)
SECTION:114
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

 
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

Sections Explained: (Sec. 115)
SECTION: 115
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

Sections Explained: (Sec. 116)
SECTION: 116 
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

 
 
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and…

Sections Explained: (Sec. 117)
SECTION: 117 
Sections 117-121
 
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and’ before `(2)’; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)’; and (2) in subsection (g), by striking `, except that’ and all that follows and inserting…

www.freeforeclosurelawyer.com Foreclosure Victims Blog News

Sections Explained: Summary
 Overview of Program
 
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes. Help families keep their homes by increasing pre-Foreclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of  nontraditional and sub prime mortgages on primary residences;
Help…

Sections Explained: (Sec. 112)
SECTION: 112
MAXIMUM PRINCIPAL LOAN 
OBLIGATION
`(A) not to exceed the lesser of--
`(i) in the case of a 1-family residence, 110 percent of the median 1-family house price in the area, as determined by the Secretary; and in the case of a 2-, 3-, or 4-family residence, the percentage of such median price that bears the same ratio to such median price as the dollar amount limitation in effect for 2007 under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C….

Sections Explained: (Sec. 113)
 SECTION: 113
SELLER-FUNDED 
DOWNPAYMENT ASSISTANCE
 
SEC. 113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED  DOWNPAYMENT ASSISTANCE.
Paragraph 9 of section 203(b) of the National Housing Act (12 U.S.C. 1709(b)(9)) is amended to read as follows:
(9) CASH INVESTMENT REQUIREMENT-
(A) IN GENERAL- A mortgage insured under this section shall be executed by a mortgagor who shall have paid, in cash, on account of the
property an amount equal to not less than 3.5…

Sections Explained: (Sec. 114)
SECTION:114
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

 
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

Sections Explained: (Sec. 115)
SECTION: 115
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and inserting
`2.75…

Sections Explained: (Sec. 116)
SECTION: 116 
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

 
 
 
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund’ and all that follows through `section
234(c),,’; and (2) in subparagraph (A)-- (A) by striking `2.25 percent’ and inserting `3 percent’; and (B) by striking `2.0 percent’ and…

Sections Explained: (Sec. 117)
SECTION: 117 
Sections 117-121
 
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and’ before `(2)’; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)’; and (2) in subsection (g), by striking `, except that’ and all that follows and inserting…

Sections Explained: (Sec. 118)
SECTION: 118
 Sections 117-121
 
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and’ before `(2)’; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)’; and (2) in subsection (g), by striking `, except that’ and all that follows and inserting…

Sections Explained: (Sec. 119)
Sections 117-121
 
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and’ before `(2)’; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)’; and (2) in subsection (g), by striking `, except that’ and all that follows and inserting a period. (b)…