Foreclosure Articles and News

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

Arizona has been running monstrously high rating numbers in the foreclosure market for a long time. They were expecting to see another increase in the percentage of foreclosures again this time

Continue reading: Arizona Foreclosed Homes for Sale Increasing Numbers

A foreclosure happens when a homeowner is unable to meet their mortgage obligations. There are several stages to the foreclosure process.

Continue reading: What are the Stages for Foreclosure?

A mere 12% of the homeowners in USA who are qualified to have their loans modified have applied for the same. But the Treasury has warned of the oncoming rush of millions of foreclosures.

Continue reading: The Treasury has Warned of Oncoming Rush of Millions of Foreclosures

Foreclosure
Foreclosure is the process whereby the lending institution that has given the mortgage loan will initiate the proceedings to get back the home. In this case the homeowner who had taken a mortgage loan from the lending institution is unable to make further mortgage payments. The foreclosure laws for the various states may differ. When [...]

Continue reading: What is the Difference Between Lender Owned and Foreclosure?

A Vienna based developer; Greenvest LC bought a land in south-central Loudoun which was 4,154 acres. The land was however foreclosed after the developer defaulted on a payment of $130 million loan.

Continue reading: What’s After this in the 4,000-Acre Foreclosure?

It seems that the decrease is largely due to people actually being able to lower rates and payments by working with the lenders to be able to lower things to an affordable level instead of losing the houses.

Continue reading: Numbers Drop in New York Foreclosed Homes

The foreclosure crisis calls for new caution for new buyers because the borrowers were also largely responsible for buying repo homes with loans they did not understand. Another mistake was that they took it for granted that real estate prices could never fall but go on increasing.

Continue reading: The Foreclosure Crisis Calls for New Caution from New Buyers

At a period when other states are posting huge increases, the state of Minnesota was lucky enough to turn in a .4 percent increase for the period of time from May to July of this year.

Continue reading: Negligible Increase in Minnesota Foreclosure Homes