Foreclosures have increased in Central Texas by 25% – according to latest reports coming in. Central Texas comprises of nine counties. Experts are of the opinion that this rash of foreclosures is not solely because of the sub-prime mortgages that many borrowers contracted to own houses from 2005 to 2006, but because of the slump [...]
A casual glance into what is going on behind the scene of the much hyped rescue measures to bailout the nation from the financial crisis will show that the same foreclosure story is about to rerun, if steps are not immediately taken.
In Melville New York is located Lend America. It makes itself known [...]
Foreclosures victims feel that a two-year halt on foreclosures can help them. Lawmakers echo same sentiments and are proposing a moratorium on house foreclosures.
Sandra Applleberry of Grand Blanc is 53 years and is a pastor of a church in Flint. She is one of the thousands who are threatened by impending foreclosures as they [...]
The country is in the grip of foreclosure crisis – the worst in 16 years. The Federal Reserve and other allied banking regulators have taken the unprecedented step of appealing to the mortgage lenders not to rush on with proceedings. The man in the street has been surprised by the move – the likes of [...]
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 manufacturing industry is in the doldrums. Unemployment is high forcing people into the foreclosure process. The number slipping into its grip is rising by the day. Munster ranks among the highest foreclosed regions. Indiana, Ohio and Michigan have been reeling under shutdowns and vanishing jobs. This triad accounts for 20% of the foreclosures countrywide. [...]
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 [...]
