http://www.foreclosurelistings.com/blog Articles and news about real estate foreclosure listings Fri, 20 Nov 2009 15:51:00 +0000 http://backend.userland.com/rss092 en It seems that once again the large real estate ventures are getting into trouble and are facing the foreclosure gavel. The Twin Lakes Mall in Wichita Kansas is in dire straits and is in the process of being foreclosed on by the bank. However it looks like it should remain ... http://www.foreclosurelistings.com/blog/week-recap/foreclosure-recap-week-46.htm At the core of the Great Recession is the foreclosure crisis. The usual line of thinking is to blame the banks for giving the nod to risky loans and for the borrowers who overreached themselves and started living in houses they could ill afford from the very beginning. An article ... http://www.foreclosurelistings.com/blog/foreclosure-crisis/investors-lenders-politicians-all-had-hand-creating-foreclosure-crisis.htm The recession, triggered by the foreclosure crisis has hit the Afro-Americans worst. Unprecedented unemployment has totally erased the wealth of an entire generation of the Black middle-class. The vigorous job market during the 90’s had made life somewhat easy for thousands and thousands of Afro-Americans who had moved up to join ... http://www.foreclosurelistings.com/blog/foreclosure-crisis/foreclosure-triggered-recession-hit-afro-americans-worst.htm Freddie Mac has been in trouble for a long time. For the last three months since Ed Halderman joined the board of trustees he has been working to steady the stability of the struggling company. He is a mere 70 years of age and is the executive director of the ... http://www.foreclosurelistings.com/blog/week-recap/foreclosure-recap-week-45.htm There are indications that home sales are picking up together with prices but the foreclosure numbers continue to march apace. Rick Sharga of RealtyTrac that tracks foreclosures was interviewed by Barbara Kiviat of Times regarding the future of residential foreclosures. Taking an analogy from baseball Sharga opined that right now the ... http://www.foreclosurelistings.com/blog/foreclosures/future-residential-foreclosures.htm The auction of foreclosed units appeared to present an even grimmer scenario than initially noted. In Wayne County 9,000 REOs were put up for auction recently. 80% of these failed to attract any bidder although the minimum bid was allowed to be $500. It is nothing new that Detroit and Cleveland ... http://www.foreclosurelistings.com/blog/foreclosures/land-banks-could-answer-foreclosure-woes-detroit.htm Foreclosures are not just cold impersonal figures and charts but something personal and real – the stuff that go to make novels. One such couple in California in the past few months had lost everything – motorcar, boat, house, their cell phones and even their dogs. Their teenage sons were too ... http://www.foreclosurelistings.com/blog/foreclosures/foreclosures-not-just-figures-charts-but-something-personal-real.htm Times are tough in the US. As the economy spins out of control, people are losing jobs. As unemployment peaks, people are faltering on mortgage payments. Hence, foreclosures have become common. As homeowners are set to lose properties there is a sense of desperation to cling on to homes – ... http://www.foreclosurelistings.com/blog/foreclosure/amidst-foreclosures-fraudsters-have-gala-time.htm The innumerable abandoned foreclosed houses are attracting criminal activities. The administration has had to clamp down curfew to keep gangs off the streets. It is part of the strategy adopted by the city to stop the houses from being burnt down during the three Halloween nights otherwise known as Angels ... http://www.foreclosurelistings.com/blog/foreclosed-house/abandoned-foreclosed-houses-causes-administration-clamp-down-curfew-contain-mayhem.htm There is the possibility that a controversial practice of Fannie Mae and Freddie Mac could nip loan applications in the bud. Very few know about it. Suppose one has a credit score of 800 and good equity on the property that he or she wants to refinance taking advantage ... http://www.foreclosurelistings.com/blog/foreclosure/unless-loans-start-flowing-foreclosures-will-not-stop.htm