According to the Monitor Bank Rates Website, when home sales were increasing by double digits and practically anyone could get a mortgage without trouble. There was literally a shortage of foreclosure properties from which to choose. Today that is no longer the case, especially in California, Florida and Texas where there is a large amount [...]
There has been a dramatic increase in foreclosures in Chicago during the first quarter of 2009. The sub-prime mortgage crisis is not connected with this new flood. The reason is massive job losses that have compelled borrowers to default in their mortgage payments and suffer foreclosures. In the first quarter of the current year foreclosure [...]
Ohio is fed up with continued pace of foreclosures – a House panel has placed a six month moratorium on foreclosures. To deter the process the bill has also increased the fees for filing. The ultimate target is to see that the lenders and borrowers amicably work out the problem.
The residents of Ohio will get [...]
Shelby County is poised to file lawsuits against banks for their dubious foreclosure activities. At stake will be millions of dollars. It is an effort on the part of the administration to plug the flood of foreclosures.
The County Commission voted unanimously (8/0) during the second week of May 2009 to authorize the county to go [...]
Atlanta foreclosure homes offer you a great deal of profit. You can save 20-50% of your money while buying them. There are certain legal processes involved while buying Atlanta foreclosure homes. These legal processes are very short term and you get hold of your property in a very short span of time. A majority of [...]
Once upon a time it was taken for granted that real estate prices would go up. But reality proved to be contrary. Sellers are being forced to drop prices even at a heavy loss if the unit was bought in 2005 or 2006. The housing bubble, which had been getting bloated since 2002, has suddenly [...]
California continues to reel under the foreclosure tornado. More foreclosed homes are being sold and the picture remains grim. The weather is showing no signs of improvement. A report has been issued about 9,477 foreclosed homes by one of the most reliable prime online data collecting sources focusing on August 2007. The total value of [...]
Stockton has the dubious distinction of ranking first in the foreclosure race with 8000 foreclosures this year. Stockton has a population of about 300,000. One in every 27 houses has slipped into foreclosure. The highest concentration is in Weston Ranch region of Stockton. The figures have been released ACORN, a non-profit organization. The inhabitants belong [...]
