Foreclosure Articles and News

You can actually negotiate with the bank about how they report your credit score and how they are going to negotiate for their financial losses on account of the short sale

Continue reading: How does a Short Sale really Affect your Credit Score?

Although experts are opining that the crisis in the housing market has nearly reached its nadir for many homebuilders in USA foreclosures continue to remain the biggest risk

Continue reading: For the Homebuilders of USA Foreclosures Pose the Greatest Risk

Cats and dogs and even horses are being unjustly penalized by the foreclosure crisis. Pets are abandoned or sent to animal shelters. It’s a traumatic experience.

Continue reading: Cats and Dogs Unjustly Penalized by Foreclosures

There are different time periods from various lenders before the process of foreclosure actually starts. During the period, you can sell the property back to the lender in what is known as a short sale, which will meet your mortgage loan obligations

Continue reading: How long after you stop Paying Mortgage do they Put your House in Foreclosure?

According to Equity Depot report, foreclosures in Atlanta will increase. About 116,905 will come up for foreclosure by 2009, which is a 47% jump from 2008.

Continue reading: Foreclosures in Atlanta will Increase

Obama had launched a loan modification and refinancing scheme with much fanfare but unfortunately numerous instances of loan re-defaults are being reported.

Continue reading: Foreclosures not being Contained by Loan Modifications

The Mount Galilee Missionary Baptist Church is facing foreclosure. Its previous pastor Rev. Henry J. Scott’s residential house is being foreclosed upon since the church did not keep its promise of monthly payments apart from other benefits. $17,958 had also vanished from his account. He filed a suit and the ruling of the judge has [...]

Continue reading: Pastor and Church in Foreclosure Soup in Columbus

There is actually a redemption period during which you could make all the unpaid mortgage payments and still get back your house even after the foreclosure auction has been done. Even during the foreclosure process, which can last anywhere between 6 months to 1.5 years, you can repay the unpaid amount and get current on [...]

Continue reading: How Long do you Have to Pay Off a Foreclosed Home?

In actuality the economy had fallen into recession one year previously. This recession is proving to be the longest in a generation. Unemployment is the highest since last 15 years. Trade has contracted. Housing prices are tumbling

Continue reading: Foreclosure Crisis at the Root of Recession that Sets in from End of 2008