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The 2009 Foreclosure Home Sales

Foreclosure Prevention Program - Foreclosure

Jan & Feb 2009 HOPE NOW loan servicers reported making more than twice as many loan modifications for subprime borrowers in February (91,333) than they did for prime borrowers (42,503). More prime borrowers got repayment plans -- 64,605 were negotiated last month, compared with 46,033 for subprime borrowers.

Not all homes that enter the foreclosure process end up being sold by lenders, some borrowers are able to refinance their loans, or negotiate short sales or loan workouts with lenders. The HOPE NOW alliance said it helped 244,000 borrowers avoid foreclosure in February by instituting workouts including loan modifications and repayment plans

Hipotecas Prestamos March 31, 2009 09:17 AM