Foreclosure Articles and News

The programme of Governor Patrick encourages short sales and wants funds for moving expenses. If despite help the borrower is unable to keep the house then the next alternative sought out is short sale by which the unit is saved from falling into foreclosure. The state would arrange for counseling and financial support of delinquent [...]

Continue reading: Foreclosure: Lenders Cool Response To Governor’s Patricks Foreclosure Remedies

One of the biggest condo projects coming up is going to be stalled because of a foreclosure suit. If the case brought against Riviera Southshore by Wells Fargo succeeds then this South Florida dream of 700 units will gather dust thanks to a falling housing market. Similar other projects have met with like fate. 200 [...]

Continue reading: Foreclosures Impede Development Work

Home foreclosures are up nationwide, and Hawaii is no exception. More than twice the number of homes went into foreclosure last month compared to the same period a year ago. Many factors are in play.
The number of filings in Hawaii is up 114% last month compared to September 2006. That’s outpacing the national average increase [...]

Continue reading: Foreclosures Soar in Hawaii

It is apprehended that before the year bids adieu about 15,000 houses in New York City will be foreclosed. Looking at it from a different angle, racist colour is beginning to be a determinant factor in the ongoing crisis. The lenders are being primarily blamed for having discriminated between Whites and non-Whites in their [...]

Continue reading: Indisputable Proof Of Foreclosures Being Stained With Racist Colours

The sub-prime crisis has reached jumbo proportions touching each and every corner of the country. The communities as well as national leaders are trying to find a panacea for the illness. Unfortunately locals may lose out on a plan that had been designed specifically to help them through this rough period.
HUD refused to entertain a [...]

Continue reading: Foreclosure Assitance Programme Stumbles

There is 55% increase of foreclosures in suburban counties from January to September. In Long Island the increase was more than 60%. It is the same story in 19 other counties of suburban New York, Connecticut and New Jersey.
The number of foreclosures is just a fraction of the total mortgages. According to figures released borrowers [...]

Continue reading: Random Sub-Prime Mortgages Are Now Leading To The Foreclosure Crisis

It is being reported that more than one reliable company tracking foreclosures is going off the tracks. The numbers are all wrong. In one such instance 2,000 properties in Georgia were counted twice. It is true that Georgia does face acute foreclosure problems but the numbers have been overestimated. The company admitted that instead of [...]

Continue reading: Foreclosure Numbers Often Mislead

As the foreclosure clouds darken in some Midwest states, plans are being rolled out to stem the tide. Officials and communities are not willing to put up with the battering without a fight. At the forefront is Governor Jennifer Granholm of Michigan. A taxable bond-financed plan has been initiated to help house owners opt for [...]

Continue reading: Foreclosures: Midwest Flexing Muscles To Tackle Foreclosures

Before the year is out Federal Reserve will come forward with new rules to fight foreclosures and its fall out, said Federal Governor Kroszner at a convention organized by a banker’s association in Durham. For a long time there have been rumblings that the government is not doing enough. Now the Congress has become vociferous [...]

Continue reading: Foreclosures: Federal Reserve Swinging Into Action Against Foreclosures