How to Avoid Foreclosure

By: Margaret Olsen If your or someone you know is dealing with the threat of foreclosure, or is currently in the midst of a debt-related financial predicament, this information could help them address the issue and avoid a foreclosure situation. Homeowners who are struggling to make their monthly payments may qualify for special programs, including […]

Investors from China Swoop in on Detroit Properties

By: Charles Grice As downtown Detroit is reeling from its recent bankruptcy filing, in addition to having one of the worst housing markets in the country, it is also gathering the interest of foreign investors looking to make some money. Many Chinese investors have been talking about investing in the city on China‚Äôs social media […]

Change to HUD Policy Allows NJ Sandy Victims Access to Grants

By: Margaret Olsen The federal government announced last week that it will change regulations that have kept New Jersey residents affected by last fall’s Superstorm Sandy damage from receiving¬†Community Development Block Grants. After the storm, the Department of Housing and Urban Development (HUD) had told homeowners who had residences damaged to apply for loans even […]

Wells Fargo to Expand Real Estate Brokerage to U.K.

By: Charles Grice Wells Fargo Bank, the U.S. housing lender that receives only about 3% of its revenue from foreign markets, plans to expand its real estate investment-banking business as it makes plans to move into the United Kingdom’s market. The bank will rely on its subsidiary company, Eastdil Secured LLC, to advise its British […]

HUD Rule Protects Oklahoma Tornado Victims from Foreclosure

By: Charles Grice A U.S. Housing and Urban Development (HUD) rule is helping to protect some Oklahoma property owners from foreclosure proceedings as they manage the aftermath of devastating tornadoes earlier this year. Lenders on properties insured by the FHA and HUD are not allowed to start foreclosure proceedings for 90 days following a presidential […]