Foreclosure Articles and News

The national crisis of home foreclosures has shown its ugly head in Connecticut as well, as enormously as an epidemic. The Boston-based Warren Group reports home sales have fallen steeply and the number of foreclosures have increased manifold – 2,948 in Hartford County alone. Statewide, it turns out that 12,575 homes have been [...]

Continue reading: It Is Now Connecticut Facing Foreclosure Eruption Never Before In History!

Foreclosure and consequent forfeiture of homes is sweeping the nation enormously, unheard of in the last 13 years. California tops the list as per reports available in the North County Times, in leading number of foreclosures and one filing for every 88 households, during the last quarter. Besides the financial tragedy of losing homes, the [...]

Continue reading: For Taxation Purposes Foreclosure Is Also Treated As Sale

The foreclosure process initiated against Pinole’s Peer Street Bistro is off, thanks to the previous owner of the building stepping in and bringing most of the redevelopment loans up-to-date for this purpose.
The former owner, John DonKonics, is represented by Tom Gozzano, a realtor and mortgage broker. According to him the trustee handling the foreclosure [...]

Continue reading: Foreclosure Of Property Avoided – Pinole Eatery House Is Now Free!

The courts are tottering under the load. Chief Justice. Rodgers of Connecticut Supreme Court had to announce on 23rd October this year, the creating of the Bench-Bar Foreclosure Committee to scrutinize this issue. He said that the number of foreclosure related cases in 2005-06 totaled to 11,764. Now in 2006-07 it has risen to 15,773. [...]

Continue reading: Foreclosure: Courts Choc-A-Bloc With Foreclose Suits

According to a tracking agency based in Pittsburgh there has been an overall rate of decline in foreclosures in five counties with Washington and Butler giving the lead. Foreclosures were down by 2.1% in the third quarter that ended on 30th September in comparison to the same quarter in the previous year. The counties mentioned [...]

Continue reading: Foreclosures Take A Break

Foreclosures spare none – not even national icons. Michael Joseph Jackson or MJ is called The King of Pop. For 40 years he has been a vibrant part of pop culture. Apart from being a musical wizard he is also a dancer par excellence with is own style and uniqueness. He transformed music videos with [...]

Continue reading: Foreclosure Nets In Michael Jackson

An auction is going on full swing. The Smiths have come with their toddler son and 7-year-old daughter to see who would buy their Loganville house. Their interest was to find out how long they could stay on before finally shifting. A rare bone disease of their first-born had made it impossible to balance medical [...]

Continue reading: The Agony Of Foreclosure Auctions

The latest statistics released by a reliable online tracking firm show that foreclosures continue to march rapidly without showing any signs of slowing down. The third quarter is the worst hit.

Duval County recorded 2,288 foreclosure listings – a 38% jump from the 3rd quarter of the previous year, 2006. It is 12% hike from the [...]

Continue reading: Foreclosures Double During Third Quarter

On Saturday (3rd November) on a live international show, Rev. Jesse Jackson Sr. who is the founder president of Rainbow PUSH coalition discussed mainly two issues – rising foreclosures and police corruption.
The case of 23-year-old Coprez Coffie was cited. Coprez won $4 million from a judgment against the Chicago Police department in October. Two officers [...]

Continue reading: Rev Jackson Alarmed About Rising Foreclosures And Police Corruption