Foreclosures in Weld County during the first quarter of the current year showed an increase of 26% in comparison to the same quarter of 2007 as per reports released by Colorado Division of Housing. There were 813 foreclosure postings – the second highest in the state. It was a drop of 2.5% from 834 filings [...]
Trying to slow down the alarming pace of the crisis, the California Senate has given the green signal to a foreclosure bill on Monday. For a month the bill had been tossed around between the parties leading to a stalemate.
Now the bill has seen the light of day. According to it, the lender will [...]
With foreclosures running at about 20,000 per week, at least 100,000 more families are likely to lose their homes before Congress passes a relief bill. And even then, the measure may fail to stanch the problem unless Congress comes up with something that is significantly better than proposals currently in either chamber. To produce a [...]
Only half a dozen turned up at the Merced County court to attend a foreclosure auction. The first property that came up on the list was the Pimentel dairy farm. Janice Pimental and her son Nick were also present on this day that was sad for them. The flashy auctioneer in sunglasses and jeans made [...]
During the last two years the situation has been sinking from bad to worse and foreclosures have enveloped Minneapolis. More and more people are losing the houses that have been their homes. The increase has been by 60% during the first two months of 2008 as compared to the same period in the previous year. [...]
On Monday 24th March, at Philadelphia, New York Senator Hillary Clinton (Democrat) talked about a new four point plan to tackling the growing national problem of foreclosures She wanted more to be done for loans that are threatening foreclosures as well as the creation of a panel to study the problem from all angles.
She [...]
Foreclosure rescue scams are nothing new – they have always been there. It is just that recently they have reared their ugly heads to catch the limelight. Broadly there are three types of foreclosure rescue frauds.
The foreclosure rescuer charges excessive fees for ordinary phone calls – something that the borrower can easily do [...]
In Dallas Fort-Worth the foreclosure postings are 19% higher than what it was in the previous year in the same month. More than 4,100 Fort Worth houses have been listed for the coming month. Dallas county has the largest number of foreclosures waiting in the wings – 1,814 houses. The biggest concentration is in Denton [...]
