Articles about Foreclosed Homes
During the past years the few house owners have been losing familiar neighbours. The neighbourhood is beginning to lose its value together with its beauty and safety. A deserted look is taking over entire blocks. It is a problem with neighbourhood associations. Nearly 10% houses have gone into foreclosure that results in overgrown gardens and [...]
Cambridge based Real estate consultant Paul Martinez recounts the experience of his client – a novice investor. He built castles in the air around a two-family house in Somerville. The 30-year-old debutante in this field was greatly influenced by shows and advertisements about buying, renovating and converting units into condominiums that could be sold at [...]
At the eleventh hour a Norwich Superior Court Judge cancelled the foreclosure auction proceedings against Waterford Speedbowl property that was scheduled to be held on Saturday. This means hope for short track racing enthusiasts. The weekly event will continue to be held in Southern Connecticut. A spokesperson of Waterford Speedbowl, Terry Eames, confirmed that his [...]
The city of Chula Vista in San Diego County is one of the fastest growing cities. Over the years the city has witnessed an increase in its single-family homes. However, the increase in number of homes came along with an increase in adjustable-interest loans. This led to an increase in homeowner’s payment, and many homeowners [...]
Jacksonville is being sucked into the whirlwind of foreclosures ranking among the top defaulters in the country. Lake Forest area with a high concentration of houses is the worst hit. The virus has infected all levels of income and localities. Jacksonville has one foreclosure per 123 households – with the highest focus on Lake Forest [...]
Desperate house owners about to be disposed and thrown out on the streets will clutch at any straw. There was quite a stir and talk about ways and means out of the foreclosure mess. It seemed all that one had to do was to seek help. But the victim’s state of mind was such that [...]
Now well fare institutions like hospitals are coming under the cloud of foreclosures. St. Joseph Hospital on Fort Worth, near the south side, has been shut down. The New Jersey based owner says that more than $9000,000 as tax backlog, fines and interest will be paid before the property goes up for auction in the [...]
The white flag of truce is sending out signals at – harassed borrowers will get 90 days time to breathe. The State Attorney General, Martha Coakley, has declared a deal. It will give reprieve to 2,000 Bay State property owners facing foreclosures. The Fremont Investment & Loan body has been persuaded to put on hold [...]
