|EHLP fund breakdown. Graphic via The Washington Post from Dept of Housing and Urban Development|
"Local Title Insurers Stop Insuring Foreclosures" via Urban Turf. This has been brewing for several months but it's still shocking. This is going to have a huge impact on foreclosure sales in DC. Currently, the number of foreclosures in DC is at an all time low. DC Gov recently based a bill that requires lenders to mediate with homeowners facing foreclosure. This has effectively halted foreclosures in DC. Yep..that means in a couple of months, foreclosures will be flooding the market. Consumers and realtors are following this issue closely.
"The Benefits of a Bi-Weekly Mortgage Plan" by The New York Times. If you're in your property for the long haul, this could be an attractive option.
"DC Mulls Broadening Eligibility Criteria for $20 million dollar foreclosure fund." via The Washington Post. More help for homeowners in DC that are facing foreclosure.