There is hot rumour circulating about lenders sending representatives to forcefully enter homes under foreclosure but still under occupation; the residents are shocked at the suddenness of the attack that catches them unawares. In theory the lenders have the right to do so only when the house is abandoned – the aim being protecting the [...]
Legislators in Texas are trying to slow down foreclosures. A bill has already got the green signal from the Texas State Senate. It will allow for more time to be given to the borrowers to workout their problem, seek legal assistance and or search for buyers of the units.
A good section of the medical fraternity feels there are medical reasons behind the escalating foreclosure of houses that are homes. Today one out of 92 houses approximately are in foreclosure across America. This has caused a national alarm and everyone from pundits to politicians is scrambling for causes.
Fairfax County took a landmark decision by agreeing to buy foreclosed houses to help the middle-income group. It will be a pioneer in the field in trying to tackle the foreclosure menace in a novel way. Simultaneously it will also be addressing the rising demand for affordable housing.
In Dallas-Fort Worth region the foreclosure of houses have risen by 40% since the previous year belying the brouhaha and hype about rescue plans. In these four counties nearly 4,4000 units are marked for the foreclosure auction. George Roddy the president of Foreclosure Listing Service comments that all the talk about help coming from government [...]
Both Republicans and practical Democrats killed a plan that would have gone a long way to help besieged borrowers get better terms from lenders in bankruptcy courts. By a vote of 58:36 the plan was nipped in the bud. The hope was that if it had been allowed to see the light of day the [...]
The real estate agents concentrate on bank repossessed properties in Manatee and Sarasota Counties. Sarasota Street is full of for-sale signposts. Most of these houses have new owners – the banks. Sarasota-Bradenton regions is getting ready for more incoming foreclosure waves as the year rolls on. Amongst those who have lost houses are not only [...]
If one is lucky one can snap up a bank owned property for something affordable as $35,000. The picture is grim with real estate prices plummeting as foreclosures increases. The banks are overburdened with repossessed houses and want to sell them off fast. On Sunday the auction was being held in Doubletree Hotel in Ontario [...]
The police had to come back and break up non-stop revelries in southwest Bakersfield last weekend when about 50 teenagers and adults forced into an abandoned foreclosed house. Apart from having fun – wining, dining and dancing, the hoodlums looted as many appliances as they could, reported some neighbours. Scelina Mitchell lives across the road. [...]