Foreclosure Articles and News

Mortgage Industry Shaken by Ruling Given by Judge in Kansas

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 [...]

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Firm Files Legal Suit to Stop Hotel Foreclosure

A/P Hotel LLC, has been nursing plans to repair, refurbish and open again a hotel in Las Vegas located on Paradise Road. The firm has filed a legal suit against Lehman Brothers Holdings Inc.

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The Foreclosure Crisis has Upset the Traditional Yardsticks to Measure Growth

One of the many casualties of the foreclosure crisis is the gauges so long being used by economists to measure socio-economic health; these traditional yardsticks have been upset.

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In Fairfield County, for instance, Foreclosures are at an All Time High

In Fairfield County, foreclosures are at an all time high. In fact the region reported 690 foreclosures from the beginning of the year till end August

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How does a Short Sale really Affect your Credit Score?

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

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For the Homebuilders of USA Foreclosures Pose the Greatest Risk

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

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Cats and Dogs Unjustly Penalized by Foreclosures

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.

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

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

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Foreclosures in Atlanta will Increase

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.

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