Texas Attorney General Abbott has given out call to troubled house owners regarding prevention steps against foreclosure attacks. By 2008 property worth $600 billion will be reset at a high rate. Abbott wants lenders as well as public personnel to work in tandem and stand beside the house owners of Texas in their hour of [...]

The true experience of Rita and Larry Schels, a couple of Middle Island can be a guidance for other home owners. Making a combined income of six figures, Schels were comfortable till three years back. But due to unforeseen circumstances, Larry’s income from making monuments of granite stopped and their position went critical. Their original [...]

Foreclosures continue to grab the headlines right across the nation without any signs of abatement. In fact it seems to be getting worse. The sub-prime mortgage sector is being primarily held responsible for this foreclosure fiasco. Under this viral attack millions of houses are tumbling like ninepins. Loan sharks goaded by commissions and investing greed [...]

If the real estate market is to flow again the REO properties too have to move quickly. Foreclosurelistings.com tied up with Indymac Bank (R) to speed up sale of thousands of Real Estate Owned estates through the Internet. Thus another major lender (7th largest in savings and loan ventures) will add its name and operations [...]

The Attorney General of Texas, Abbott is not happy about just standing and watching the threatening foreclosure clouds. He and few others like him want to do something. Foreclosures in Texas are as big as the state. In September the number touched 14,000 making Texas rank 9th in foreclosure ratings across the country. As a [...]

Governor Patrick, the Attorney General and the Legislature have all joined hands to find an antidote for the raging foreclosure virus in Massachusetts. The approach is different from what is usually taken to grapple with bonds and real estate blues, financial or currency markets. The first objective of the state is to bring about laws [...]

In the see saw of falling housing prices and rising interest rates the foreclosure genii has come out of the bottle. Its smoke and stench is covering the entire neighbourhoods. and not just the directly affected units. In 15 years the likes of it has not been witnessed. Providence and other cities are being flattened [...]

According to surveys foreclosure notices have been served to 100 properties in Greenwich this year – 35% more than 2006. The situation is worse in Stamford with 226 foreclosures this year marking a 73% jump from the previous year. Norwalk registers a 75% leap with 255 foreclosures. It shows that even strong housing market centers [...]