Banks are foreclosing upon builders with perfect credit records. One of the victims is Dave Brown, a renowned builder in Tempe. All through the housing crisis he has been walking straight and has not missed a single mortgage payment. It was little wonder then that he was completely taken aback when the bank suddenly demanded [...]
House owners in Fort Worth are not happy that despite the ravage of foreclosures the property values have not been reduced.
One of the critics is Jenny Eaton of north Fort Worth. She tried to put in her objections regarding property tax but because of personal health problems could not pursue the matter. Many [...]
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 [...]
It was while the top fiscal regulators were discussing over the ways and means to be employed to stabilize City Group, FDIC’s Chairperson, S.C. Bair, expressed her concern about steps to mitigate foreclosure-triggered crisis. Her support to the City Group was absolutely certain provided the bank aided and supported her in return. Her cause [...]
Things have been moving fast from spiraling house prices to the bursting of the boom and now sweeping of foreclosed units. It all happened hardly within a couple of years.
There is bustling activity in front of a blue foreclosed house as many are carting away furniture, damaged electronic goods and piles of trash. The backyard [...]
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 plummeting housing prices and soaring foreclosure create opportunities for first time house owners, according to a reputed auction house in Florida. In the yester years foreclosure properties were shunned as distressed properties that needed total over hauling before it became habitable and that was expensive. In recent times however foreclosure properties in the housing [...]
Foreclosure have lain seize on Orange County, especially where sub-prime lending had concentrated, and was intensifying. During the second quarter of the year, four Santa Anna ZIP Codes were the epicenter of foreclosure in the county. The overall ratio between foreclosure and the total number of condominiums and houses more than doubled over that in [...]
