The story of one family is the same as that of thousands of others across the country. The Greenes tired of being tenants grew confident that their joint income would enable them to become house owners by paying $1,000 per month towards mortgage. But their hopes turned to dust when spiralling living costs combined with [...]
The crisis in the sub-prime market is being held responsible for world wide heart palpitations. Figures and statistics are rolling in and experts are struggling to analyze and pin point the issue. Generally the accusing finger points to lax mortgage practices. On the other hand if ordinary folks were not able to avail of easy [...]
The foreclosure crisis marches on and following its trail are hungry predators who are making a living out of people’s woes. Better Business Bureau of Central and Northern Arizona have sent out a loud warning.
It is apprehended that nearly 1.7 million houses will soon be tainted with foreclosure. The affected will be desperate [...]
One by one the chapters of the foreclosure story are unfolding. That which began in Wall Street has spread on to Main Street. The author of the script is the ARM or Adjustable Rate Mortgage. It initially gives the borrower a teaser interest rate, which is low. Later it resets at a much higher [...]
In only three months time Round Rock, the home of the Stony Point Tigers registered 248 foreclosures. This makes it the 182nd most foreclosed in the country. In Texas it ranks 6th. Pflugerville ranks 450th in the country.
Mortgage experts of the locality pin down the cause to the usual disasters that grips the [...]
It was no easy matter for Coconut Grove Playhouse to extricate itself from a jumbo financial mire by raising more than $470,000 to calm down a creditor and plug a scheduled foreclosure aimed to slice away a part of its property. The portion of the Playhouse property is a vacant plot next to a theatre [...]
One out of every 47 houses is popping into the foreclosure oven making it one of the hottest cities in the grips of the reigning real estate crisis. It ranks 8th among the leading 100 cities buzzing with foreclosure activity during the first half of this year. The figures have been released by one of [...]
Stockton was once a haven for house hunters. The Bay Area had become too hot to touch – overcrowded and costly. So people opted for Stockton. But today the picture is desolate with ‘For Sale’ signs dotting the scene. Foreclosures waves are lashing the country and Stockton has the dubious distinction of leading the bandwagon [...]
