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Foreclosures and Unemployment Nightmares Haunting People More and More in the Post Recession Period

Doctors and psychologists have noticed that there has been an increase in their clients reporting nightmares related to foreclosures and unemployment haunting them during the post recession period. Financial insecurity and fears of losing their home... Read >

The Real Estate Market in Bay Area in the Rebound from the Foreclosure Crisis

The real estate market in Bay Area in the rebound from the foreclosure crisis is reacting in wild manner – going hither thither. But underlying the chaos is the thread of truth – it is the location that is the most important rule in the housing mark... Read >

Senior Citizens Badly Affected by Foreclosures

Senior Citizens have been badly hit by the foreclosure rage. Herman Boxerbaun is one of them. He is a septuagenarian residing in Vallejo and just cannot manage to make ends meet. Earlier this month he got a free meal from the local church and does n... Read >

Foreclosures Bring to a Halt Development on Chino’s College Park Land

The College Park land in the heart of Chino sold is scheduled for a foreclosure auction as the developer, SunCal Companies, based in Irvine has been unable to repay a loan of $76 million and is defaulting. The officials of Chino City said they are ho... Read >

Banks Reducing Principal with Help from Specialty Servicer

Under pressure from the government the banks are seriously going about the work of reducing principal on mortgaged loans for those threatened with foreclosures. For this they are taking the help of servicers specialized in the line – ‘specialty serv... Read >

No Logic in Foreclosures

Last week, there was a tumble in the stock market regarding news where housing delinquencies and foreclosures had risen again within the very first quarter. However, the office of the comptroller has also stated that among this gloom, there also hap... Read >

State is Facing Difficulties to Rein in Foreclosure Rescue Scam Firms

With the increase in foreclosures in Massachusetts there has been a corresponding increase in rescue scam firms. The accountant general Martha Coakley has filed lawsuit against David Zak for particularly targeting Latino homeowner’s facing foreclosu... Read >

Hot Spot Miami Foreclosures

As foreclosure is the last option people generally opt, so many foreclosures in Miami shows the trend of people’s thoughts and their financial positions. There are actually many alternatives before a property goes into foreclosure. The reason for fo... Read >

With Foreclosures High, Animal Shelters are Bearing the Brunt of a Depressed Economy

The US economy is in the throes of the deepest recession. Unemployment is at its peak and people are faltering on mortgage payments. Banks are taking over the properties and foreclosures are at an all time high. Now animal shelters are bearing the b... Read >

Not Only did the Federal Regulators Sleep while Foreclosure Crisis Raged

Not only did the federal regulators sleep while foreclosure crisis raged but they preempted state laws in order to usher in the era of too-big-to-fail banks. The signs of the approaching crisis were all along coming through but they looked the other... Read >

Mortgages Resulting in Spike in Foreclosures

Reports confirm that half of the borrowers with sub-prime loans were actually eligible for terms that would have been more beneficial for them but they were intentionally navigated into costly mortgages. In many of these household each of the parent... Read >

Water Taps Runs Dry after Landlord Runs from Foreclosure

The foreclosure crisis has caught tenants on the wrong foot. When the landlord runs away from foreclosure the water supply too runs off; there is very little that tenants can do about it. Annette Bell is one of the victims. With hardly any funds she ... Read >

Tennessee and Number of Insertions Prior to Foreclosure

In Tennessee the banks are putting pressure on the legislators that will reduce the mandatory number of insertions prior to foreclosure. Their argument is that it is too expensive. In Tennessee a court order is not required for foreclosure but there... Read >

Banks are Keen to Bring Down the Public Notices Required for Foreclosures

The bankers are attempting to cut down the mandated requirement of public notices prior to foreclosing. This has drawn flak from groups of housing advocates, activists and open-government entities. The bankers think that there are too many public no... Read >

New Foreclosure Law in the Making in Michigan Could Expedite Evictions

There are apprehensions that new foreclosure law in the making in Michigan could expedite evictions. It would bring down the redemption period mandated by the state, permanently to three months from the previous six months. Thomas Price had been re... Read >