According to ForeclosureRadar that monitors daily foreclosure activity in California, the lenders repossessed property worth $10.4 billion in foreclosure auctions where the units could not be sold to third parties. But despite this figure there seems to be an increase in investor activities in these auctions. Foreclosure is a judicial process by which the lender [...]

Foreclosures spare none – not even the brave young, staking their lives for the country abroad. Military and financial aid bodies are commenting that there are an increasing number of troops complaining about their failure to keep pace with mortgages and are facing risk of losing their hearth and homes to foreclosures. US troops are [...]

Foreclosures are not something that is happening in sanitized court rooms involving reams of paper and signatures. It is something far more realistic than that. With foreclosure numbers rising so is the reek from the filth and stink of foreclosures – literally. With more and more vacant properties dotting the scene like pox, routine administration [...]

Keeping in pace with the rising number of vacant foreclosed houses are problems relating to it. Nature hates vacuum and in the void enters snakes, weeds and human beasts otherwise known as criminals. The neighbouring community shivers at the growing menace although these houses are not in foreclosure. Shenee Martin walking through her locality look [...]

There are some prize pieces to be picked up in the foreclosure market but it is not as easy as it sounds. The media gives out the feeling that it is all smooth sailing. But reality is far from it. Not all the houses listed for foreclosure auction finally slips out of the hands of [...]

It is difficult to stay next to a house that has been barred up since the last six months. The overgrown garden is infested with rats and snakes. The swimming pools are stagnant and stinking. Lenders take on a step motherly attitude towards the foreclosed houses. Who will bother to take care of these orphans [...]

In five years no foreclosed house has fetched such a handsome price. In Hunting Hills a sprawling mansion has brought in $870,000 for the lender who took possession of it from one William Crick, in a foreclosure sale – a record for Roanoke region in five years. The average value of this type of property [...]