Yuba County has the dubious distinction of leading in foreclosure trippings. During the second quarter of this year the fall out was four times more than during the same period last year, according to La Jolla based real estate services, DataQuick Information Systems.
The first step is issuing of default notices. This increased by [...]
Jacksonville is being sucked into the whirlwind of foreclosures ranking among the top defaulters in the country. Lake Forest area with a high concentration of houses is the worst hit. The virus has infected all levels of income and localities. Jacksonville has one foreclosure per 123 households – with the highest focus on Lake Forest [...]
For the third consecutive year Rick Enszer, treasurer of Midland County will officiate as auctioneer on Tuesday evening. Nine foreclosed properties will be up for bidding at Midland County Service Building on 220W Ellsworth Street. Five of these units with minimum price tags ranging from $1,500 to $5,800 are drawing the attention of future buyers. [...]
Desperate house owners about to be disposed and thrown out on the streets will clutch at any straw. There was quite a stir and talk about ways and means out of the foreclosure mess. It seemed all that one had to do was to seek help. But the victim’s state of mind was such that [...]
Now well fare institutions like hospitals are coming under the cloud of foreclosures. St. Joseph Hospital on Fort Worth, near the south side, has been shut down. The New Jersey based owner says that more than $9000,000 as tax backlog, fines and interest will be paid before the property goes up for auction in the [...]
The white flag of truce is sending out signals at – harassed borrowers will get 90 days time to breathe. The State Attorney General, Martha Coakley, has declared a deal. It will give reprieve to 2,000 Bay State property owners facing foreclosures.
The Fremont Investment & Loan body has been persuaded to put on [...]
Reforms were aimed to give defaulting house owners to catch up. The plan was to extend the time of grace from 60 to 125 days so that the borrower who was lagging behind could get a breather. The scheme, passed in 2006, was to take off this month. But due to the failure of the [...]
Monday 21st May 2007
It is reported that although Sayles Place Homes, South East Washington, is badly in need of repairs. Should this 61-unit complex be sold to a private developer or to a co-operative of the residents? Built in 1970 this complex became a cooperative in 1973 with the purchasers paying a fee of $ [...]
