Oregon Housing and Community Services has created a new website to help Oregonians avoid or recover from foreclosure. Homeowners can learn about the mortgage assistance program and find certified foreclosure prevention counselors.
Oregon Homeowner Support: Foreclosure Prevention Resources
Zillow Introduces ‘Breakeven Horizon’ to Help with the Decision to Rent or Buy
Zillow now offers a tool that computes the number of years of homeownership it will take to make owning a home a better financial decision than renting.
Rent vs. Buy: What the Standard Indices Aren’t Telling You
Trulia Provides List of Most Attractive School Districts
The economists at the online real estate site Truila have analyzed statistics to determine where families with school-aged children are moving to.
School Districts People Flock to – and Flee From
Trulia – Most Attractive Schools – Full List by State
Independent Foreclosure Review Extended Through December 31, 2012
If you know someone whose primary residence was involved in a foreclosure process between January 1, 2009 and December 31, 2010, they may qualify for a free Independent Foreclosure Review. A review can determine if the homeowner suffered financial injury because of errors or other problems during the foreclosure process.
The program is monitored by federal bank regulators, the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System.
Independent Foreclosure Review
Consumer Financial Protection Bureau Proposes New Mortgage Servicing Rules
The public has the opportunity to comment on new rules proposed by the federal Consumer Financial Protection Bureau. If approved, the rules will require mortgage servicers to provide specific services, such as clear monthly statements, warnings of interest rate adjustments, notifications of forced-placed insurance, and early outreach to delinquent borrowers.
Putting the ‘service’ back in ‘mortgage servicing’