http://www.foreclosurelistings.com/blog Articles and news about real estate foreclosure listings Fri, 06 Nov 2009 16:14:26 +0000 http://backend.userland.com/rss092 en Florida and other places in America wrecked by foreclosures are facing the problem of treating abandoned pools left behind in vacant foreclosed houses. The pools have become stagnant choked with algae. It is resulting in breeding of mosquitoes and other disease spreading insects. The code enforcement officials in Wellington were one ... http://www.foreclosurelistings.com/blog/foreclosed-house/catfish-dive-save-communities-from-foul-fetid-foreclosed-pools.htm The staggering number of foreclosures has led to a virtual paralysis of the judicial system. Florida is one of the worst affected areas and the courts here are choked with foreclosure cases. This prompted Miami University’s Michael Froomkin to craft The Foreclosure Defense Program. It helps to engage young attorneys ... http://www.foreclosurelistings.com/blog/foreclosure/foreclosure-defense-program.htm Florida courts are drowning in foreclosure cases causing a massive backlog. A task force was set up to recommend suggestions for improving the system and adding more speed to it. The most attention is likely to be given to compulsory mediation for residential foreclosures. It is being implemented in three judicial ... http://www.foreclosurelistings.com/blog/foreclosure/task-force-florida-giving-prime-importance-mandatory-mediation-stop-foreclosures.htm The housing advocates and homeowners battling foreclosure crowded before the State House recently to show their support for many bills that are aimed at slowing the pace of foreclosures and ensuring more equitable treatment towards the house owners and the tenants There was a strong crowd at the hearing before the ... http://www.foreclosurelistings.com/blog/foreclosures/pro-foreclosure-bill-supporters-gather-before-state-house-bay-state.htm Despite incentives offered to servicers regarding modification, foreclosures that could have been avoided continue. According to recent reports the banks are not extending relief to the harassed borrowers. According to National Consumer Law Center of NCLC, servicers of the mortgages comprising of many big banks, are opting for foreclosures because it ... http://www.foreclosurelistings.com/blog/foreclosures/despite-incentives-offered-servicers-foreclosures-continue.htm There are no signs of the foreclosure problem fading. Across the country about 940,000 houses are in some stage of foreclosure during the third quarter of 2009. Either it is a default or auction notification or the house is taken over by the lender. In New York State the filings ... http://www.foreclosurelistings.com/blog/foreclosures/foreclosure-victims-deserve-heard-court.htm When the foreclosure crisis made its debut experts in personal finance put pressure on the homeowners to open communications with their lender if they defaulted. The house owners were made to believe that the lenders would do their best to skirt foreclosure. But now the experts are not sure and ... http://www.foreclosurelistings.com/blog/foreclosures/servicers-mortgage-give-preference-foreclosures.htm The foreclosure crisis for a lot of people actually started when they, as borrowers, were willing to take a risk on sub-prime loans. Today that crisis, as outlined in this story is reaching farther down the line to people who quite simply can’t find work. People who ... http://www.foreclosurelistings.com/blog/week-recap/foreclosure-recap-week-43.htm The US is in the grip of a deep recession. As unemployment reaches its zenith, people are faltering on mortgage payments. Hence, foreclosures are common. Now there is a demand for low-end foreclosed properties in St. Paul. In August, there were a total of 1,811 vacant spaces in the area. ... http://www.foreclosurelistings.com/blog/foreclosed-homes/demand-low-end-foreclosed-homes-st-paul-spurts.htm Last Thursday, 16th October, Goldman announced that it would pay out $200 million to its charitable unit. The amount calculates to 6% of its profits during the third quarter or equivalent to its earnings for 6 days. Goldman now has the unusual task of explaining to the rest of the ... http://www.foreclosurelistings.com/blog/foreclosures/goldman-oasis-success-middle-foreclosure-desert.htm