The US economy is going through one of its challenging phases. Unemployment is at its peak and people are faltering on mortgage payments. Subsequently, foreclosures are becoming common in various regions. In Fort Lauderdale, foreclosed properties are becoming an eyesore. In fact, the city looks more rundown because of the foreclosed properties. At various foreclosed [...]

In Hawaii the worst of the foreclosure crisis is not yet over. Filings increased by nearly 427% in June 2009 in comparison to 2008. In one year this is the second worst rate. Over 87% of the total foreclosure postings are in the initial stages of the process. The housing market in Hawaii saw the [...]

Previous Treasury Secretary Henry Paulson has justified the steps he had taken during his tenure to tackle the foreclosure crisis. He admitted that although the response of the Bush government to the crisis was not perfect it had “saved this nation from great peril.” He said recently in a written statement prior to a hearing, [...]

As the American real estate market goes through a tailspin, the number of foreclosures peaks. The consequences are there for everyone to see – banks taking over the foreclosed properties and the owners fleeing them. As a result, neighborhoods with vacant houses are a plenty in various counties. Crime is rampant in these neighborhoods. But [...]

There is no respite for condo associations in Florida who are faced with the problem of foreclosed vacant units. This has led to a dwindling of subscription towards the fees for the association making it difficult for them to continue with providing services to those owners still residing in the condos and who have not [...]

There are discounted properties galore in Miami but it is necessary to check these before purchasing. People today are rushing to buy quality houses at the cheapest possible price. They are calculating on the savings to be made from these bargain offers. Most of these houses are newly built or hardly occupied by one owner. [...]

Foreclosures have increased in Central Texas by 25% – according to latest reports coming in. Central Texas comprises of nine counties. Experts are of the opinion that this rash of foreclosures is not solely because of the sub-prime mortgages that many borrowers contracted to own houses from 2005 to 2006, but because of the slump [...]

A casual glance into what is going on behind the scene of the much hyped rescue measures to bailout the nation from the financial crisis will show that the same foreclosure story is about to rerun, if steps are not immediately taken. In Melville New York is located Lend America. It makes itself known through [...]