Entries Tagged as 'Foreclosed Homes'

The office of the Sheriff in Wayne County has stopped the sale of all foreclosed units until qualified borrowers have got a chance to get help and save their homes by making use of a federal measure. The Congress sanctioned funds through TARP or Troubled Asset Relief Funds.

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Detroit would witness a massive affair on Devil’s Night (the night before Halloween) as hundreds of vandals and troublemakers would put ablaze all the abandoned homes in the neighbourhood. The city used to “burn.” But now Detroit’s Halloween of burning foreclosed homes will be spoilt by the thousands of citizens and law-enforcement authorities who will be patrolling the entire city’s neighbourhoods.

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Over three hundred state and local government representatives from allover the state met on Thursday 16th October in Central Florida to hear about the disbursement of $3.9 million in the ‘neighborhood stabilization program’. The funds will be coming from HUD. Florida and California have been the two worst hit states in the raging foreclosure crisis.

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Foreclosures are expediting the spread of West Nile. The stagnant pools in the abandoned foreclosed houses have become ideal for the breeding of mosquitoes that carry the virus of West Nile. The foreclosure crisis has spread like a virus and may be the cause of the multiplication of a real virus also – the dreaded West Nile.

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Foreclosures are hitting all condo owners hard – whether in or out of it. It sounds strange but true but even those condo owners who are current in their mortgage payments are being seriously affected by the housing crisis.

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Foreclosed: Republican party’s chairperson from Macomb County has said that citizens from foreclosed addresses will not be allowed to vote. Put political circles are agog with the rumour and Democrats are making capital out of it.

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The lease agreement has been with the ex-house owners and the new incumbents are not bound to abide by them. But with an increase in tenants falling victim to foreclosures the matter has been taken up and goods news has trickled in for tenants living in foreclosed houses in Cook County.

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Foreclosed houses are going, going and gone for only $100! Taxes too are down for banks. These fancy prices are a nice way out for reducing the tax obligations of the lenders. In Greater Orlando hundreds of foreclosed units are being sold each weak of $100 each, even in fancy neighbourhoods like Baldwin Park.

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In Orlando there are hundreds of houses and condos lying vacant – thanks to the foreclosure crisis. These foreclosed houses offer opportunities for affordable housing as never before. Banks are eager to get rid of the innumerable houses weighing them down and are eager to sell off for even less than $100,000.

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