Foreclosures need not necessarily be inevitable. There are many escape avenues and options before the patient and persevering borrowing who is determined not to give up the house. The important fact is time. The earlier the action the better will be the chances of getting a reprieve, says Darren Hamm of Neighborhood Hosing Services, Greater [...]

Making records 1.2 million houses have been engulfed by a fresh surge of foreclosures during the second quarter of 2008. It accounts for 2.8% of all mortgage loans. It is a spike from 1.4% of the previous year according to Mortgage Bankers Association. Delinquency rates are continuing to soar pointing to grim days ahead. The [...]

Foreclosures are lashing the beaches and enforcing thriving business to shut down. Beach business is badly affected by the reigning foreclosure crisis. One instance is the collapsing of an important contract targeting business prospects in Fort Myers Beach. It did not materialize when the developer succumbed to foreclosure. The owners of the beach business are [...]

A keen observer will notice that foreclosures point to growth in Miami property market. This is because of the huge number of houses rushing into foreclosure and causing prices to tumble. Most of the realtors of Miami are jumping in to snap up bargains. Their primary targets are the foreclosed units. The investors are experts [...]

Foreclosures are badly impacting on sub-contractors, as they are not getting their dues because of work being affected in Wasatch Front. All along the Wasatch Front foreclosures are telling on not only the borrowers and lenders but also on those connected with the construction world – builders and developers, realtors and lending houses. The downsizing [...]

In New York a court ruled against foreclosure citing it to be an instance of predatory lending. Like any other parent David and Karen Shearon had gone ahead with the purchase of their first house nursing the hope that their three children would be provided with security and stability. At that point it did not [...]

As the housing crisis rages the blame game goes on. The crux of the foreclosure problem is the yawning gap in incomes. The banks are being blamed for seeking out the gullible and making them swallow adjustable rate sub-prime mortgages. Scant attention was taken of the fact that these borrowers hardly had the income to [...]

The Hope Now alliance has spelt hope to 2 million foreclosure victims but unfortunately the numbers paled against the numbers of new foreclosures rushing in like a flood. During the last 13 months Hope Now has achieved the impossible – helped 2 million foreclosure victims. This alliance supported by the Bush government consists of mortgage [...]