The fate of a golf course in Las Vegas is hanging in the balance as it faces impending foreclosure. A bankruptcy judge (federal) is yet undecided about allowing a Texas company, Carmel Land & Cattle Co. permission to foreclose on a golf course just outside Las Vegas. The loan involved amounts to $15 million. There [...]
Foreclosures and delinquencies are now attacking prime mortgage borrowers. Across the nation 3.07% of all the prime mortgages had entered the dreaded foreclosure zone or were late by 60 days during the second quarter of 2008. The previous record of 1.97% of 1985 has been broken by leaps and bounds according to Mortgage Bankers Association. [...]
Ruby is just one of the many dogs that has been abandoned because her owners have lost their houses to foreclosure. This corgi mix dog named Ruby is seven years old. She is being taken care of by Operation Kindness. Most of those that had found temporary lodgings under Operation Kindness have been adopted. But [...]
An employer advocacy group gives a picture in Los Angeles region that presents an irony – on the one side are countless foreclosed empty houses and on the other lack of housing for workers. It is taking out the economic advantage of the area and thus adding to its economic woes.
Recently the Los Angeles [...]
The two jumbo mortgage bodies Fannie Mae and Freddie Mac are being targets of the foreclosure blame game by many. To save the two units, that hold nearly half the mortgages of USA, the federal government has stepped in.
In the middle of the raging foreclosure crisis the taking over of Fannie and Freddie has placed [...]
Foreclosures are leaving behind a trail of crime and rot in Minneapolis. Fear is stalking the neighbourhoods. North Minneapolis is particularly affected by these foreclosed units.
Paul Halvorson surveyed localities in north Minneapolis and listed more than 30 abandoned foreclosed houses in a 14-block area. It was during the last three months that numbers suddenly shot [...]
Greater Cincinnati and Northern Kentucky are under siege being overwhelmed with hundreds of foreclosed units. The cities are being forced to bear costs of maintaining or demolishing these foreclosed properties. Banks from outside the state, who are the legal owners, have abandoned the houses.
Cincinnati has boarded up some houses and ordered the demolishing of others. [...]
Foreclosures need not necessarily be inevitable. There are many escape avenues and options before the patient and persevering borrowing who is determined not to give up the house. The important fact is time. The earlier the action the better will be the chances of getting a reprieve, says Darren Hamm of Neighborhood Hosing Services, Greater [...]
