The Treasury is bringing back hope to foreclosure victims with new plans about short sales. But they must nurse patience. Since last summer the government has been promising that it would launch a plan that would expedite and streamline the process of short sale. As yet the method is complex and frustrating. In the first [...]

A volunteer group consisting of lawyers set up in Florida to assist foreclosure victims has been booked for trade violations. Events started rolling with a Larry King Live (July 30th show). A woman representing Florida Attorneys Saving Homes came on to the show with a family battling foreclosure. She put forward their case. This group [...]

With so many foreclosures engulfing Americans the name of bankruptcy is no longer associated with social stigma – rather bankruptcy can be a breather for foreclosure victims. However new restrictions have been placed on it since October 2005 preventing one from filing bankruptcy hastily. The borrower has to undergo credit counseling from certified persons and [...]

There is hope that the Home Affordability Programme will be able to help foreclosure victims. One of the hopeful is a couple – Brad and Susan Green. They are pinning their hopes on the measure to help them keep their house in Waxahachie. The programme is about modifying loans. They have applied for help and [...]

Banks are being more and more questioned about their right to sue foreclosure victims because of lack of proper documents. The real estate law prevalent in Ohio states clearly that any person bringing a foreclosure suit must at the very onset attach all the relevant documents showing that the plaintiff has the right to collect. [...]

From trends being noticed since October it seems that Henry M. Paulson’s toxic plan is not going to be of much use for foreclosure victims. The observers are getting inconsistent signals. Paulson has decided not to buy soured bank assets. This indicates that he has drawn two conclusions regarding the jumbo $700 bailout package. Firstly [...]

More reports are coming in of renters who have been regular in paying their rent and yet they have become innocent victims of foreclosures. Eviction notices have been served on them because of the landlords who have defaulted. Only few days of warning are given. According to a survey conducted by Mortgage Bankers Association, one [...]

FDIC and the Treasury Department are going full speed ahead to rescue foreclosure victims but it is as yet not year what the preconditions are for qualification. Ultimately the question hangs in the air that even after all these rescue operations will even a dent be made in the foreclosure mess? The plan includes government [...]