Foreclosure Articles and News

It looked like a palace with a stone façade, granite countertops and half a dozen bedrooms. Once the price of this dream property in Collierville was $609,900 but today it is ready to change hands for $569.900. It is symptomatic of the current foreclosure crisis.

Foreclosed houses are running into millions. It is no longer contained [...]

Continue reading: Foreclosures Swallow Palatial Properties

In the third quarter 3,242 Bay Area houses foreclosed marking 622% increase in comparison to the figures during the same time span in 2006. There are no signs of the weather clearing in the near future. Across the State, bank repossessions rose by 600% and the default notices were 2.7 times higher than the previous [...]

Continue reading: Foreclosures in Bay Area Create A Record

With the foreclosure crisis escalating the accusing finger is pointing to the sub-prime loans for causing this chaos. It is now no longer confined to an economic field but is telling on the social fabric. Thousands are becoming homeless running around to find dignity in life again. But all cannot survive the strain and give [...]

Continue reading: Foreclosures Blamed For Suicide Of Couple

The state and city comptrollers of New York together with leaders of ACORN are putting pressure on the mortgage lenders to be more proactive in doing something to close in on the foreclosure tidal wave. Certain points of the crisis have been highlighted to show that all are affected by this tangle. ACORN has released [...]

Continue reading: New York Comptrollers Urge Lenders To Help In Solving Foreclosure Crisis

As many as 4,800 sub-prime loans are ready to foreclose in 2008. The loans had been made in 2006. It will cost borrows, cities and also the lenders nearly $1.5 billion. The statistics are spreading panic and lenders are being requested to modify the loans and somewhat make up for the predatory tactics that they [...]

Continue reading: Foreclosure Picture To Become More Cloudy In Bay Area Next Year

Foreclosures are leading to auctions. The auction venues have become carnival gatherings not only for those genuinely seeking shelter but also for speculators who want to make a fast buck. If given a free hand these speculators and profit hungry investors would make the foreclosure situation murkier, adding to the woes of the nation and [...]

Continue reading: FBI Stalks Foreclosure Auctions For Irregularities

All foreclosure auctions are not what they apparently appear to be. In South Florida one does not have to hunt around for foreclosure sales – the region is pockmarked with it. During the weekend the Broward County Convention Center was the venue of the nation’s largest foreclosure auctions. Valuable homes were going away for a [...]

Continue reading: Foreclosure Auctions Gobble Up Hundreds Of Houses

News investigation shows that devils flapping wings of angels are duping thousands of foreclosure victims with pious platitudes. In reality these ruthless schemers rob the unfortunate of their money, their houses and even their self-esteem.
One of the kind is McDowall who ran a number of agencies in Brooklyn, Manhattan and Long Island. His business card [...]

Continue reading: Foreclosure Devil Scammers With Wings Of Angels

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