Hi, this may sound like a dumb question; but I bought my home for 0,000 3 years ago, since then pretty much 80% of the houses in my community have been forclosed on due to idiots signing up for sub-prime mortgage lenders. after the forclosure HUD buys out the bank note and then sells the homes for like ,000 – ,000 each!! according to an appraisal based on this my home is now only worth 0,000 (based on HUD selling the homes around me for next to nothing) is there anything I can do? I feel terrible for the idiots who got caught up in sub prime lending but what about the people with excellent credit who always pay their bills on time?
Can you sue HUD (housing and urban dev.) for killing your home value?
One Response to “Can you sue HUD (housing and urban dev.) for killing your home value?”
Leave a Reply
Tags:
3 years,
dumb question,
forclosure,
HUD,
sub prime lending,
sub prime mortgage,
sub prime mortgage lenders,
Recent Posts:
Related results on Can you sue HUD (housing and urban dev.) for killing your home value?
Spiritual Development: from 7 to 8:30 p.m. Monday, March 15, at Eye of the Hawk Holistic Center, 5 Grove Road, Rye. Are you hearing voices? Seeing Lights? Hearing sounds that you're not sure are real? Perhaps your dreams are literally ... The Housing Partnership: a Portsmouth nonprofit organization, is offering a free HUD approved homebuyer education seminar in Rochester through its Homeward Bound program. The Rochester session will be held March 16 and 17 from 6 to 8 ...
A link to where the quote is from. (No need to include this if it's from a book.) Any remarks you'd like published explaining what value you take from it. Your preferred name and a link to your blog or homepage (if you have one.) ... The $3.99 billion comes from a congressional slush fund known as the Community Development Block Grant (CDBG) program, which is part of the Department of Housing and Urban Development's (HUD) $48.5 billion fiscal 2011 budget. ...
Perhaps if Americans don't pay for your defense, you'll learn how expensive healthcare can get. Further, invent something useful once in a while. Stop stealing the results of American research & development efforts. Spend your own money, resources, ...... People who can no longer afford their home could start seeing price cuts on the back end as more lenders reluctantly accept that forgiving debt is key to reducing foreclosures. Ron Faris, president of West Palm ...
No you cannot successfully sue HUD. This unfortunate scenario is considered 'market conditions'. Sorry bout the subprime lenders. This has made an impact in my are as well.
Excellent Luck