Foreclosure Articles and News

The foreclosure crisis has cornered Bank of America in more ways than one. First it had to take over Merrill as the latter began to collapse

Continue reading: Foreclosure Crisis has Cornered BofA in More Ways than One

As the health care bill stumbles, thanks to lobbying by vested interests, the door remains open for future foreclosure crisis.

Continue reading: As Health Care Bill Stumbles the Door Remains Open for Future Foreclosure Crisis

Hotel properties are falling prey to foreclosures as well. They are losing out on revenue as well. Take, for instance, Pompano Beach hotelier Richard Manzelli and his Ronny Dee Resort Motel

Continue reading: Hotel Properties Fall Prey to Foreclosures

The US economy is going through a turbulent phase. With the recession has come the job loss. Subsequently people are faltering on mortgage payments. Their houses are being taken over by banks and foreclosures are common. A recent trend that is being noticed is that even small businesses are suffering because of the downturn.
A survey [...]

Continue reading: Foreclosures High - Small Businesses Suffer Too

The Federal Housing Agency by overextending its insurance benefits has guaranteed loans of many people whom other private lenders would not generally have entertained

Continue reading: Foreclosure Crisis Mired by Failing FHA Reserves

As more and more houses are slipping into foreclosure many non-profit bodies and lenders too are trying to stop it. Wells Fargo is one of them

Continue reading: Wells Fargo Moves to Help into Foreclosure Situation

Widespread foreclosure evictions are making it difficult for census to accurately count the population in cities. The problem is acute especially in Detroit.

Continue reading: Widespread Foreclosure Evictions Making Population Count Difficult

Nearly 50% of the loans that had been modified during the fist half of 2008 redefaulted within a year. Lenders are claiming they have stepped up their efforts to renegotiate loans but report released by bank regulators observe that over half of the borrowers who availed of the facility are again lagging behind in payment [...]

Continue reading: Loans Recently Modified Re-defaulting at an Alarming Rate

The mortgage industry is badly shaken by a ruling delivered by a judge here. Other judges across the country have now found it to be a tool to stop the smooth run of foreclosures by lenders. The issue that has been raised is basic and fundamental – in many of the bankruptcy proceedings the foreclosure [...]

Continue reading: Mortgage Industry Shaken by Ruling Given by Judge in Kansas