Cambridge based Real estate consultant Paul Martinez recounts the experience of his client – a novice investor. He built castles in the air around a two-family house in Somerville. The 30-year-old debutante in this field was greatly influenced by shows and advertisements about buying, renovating and converting units into condominiums that could be sold at [...]

At the eleventh hour a Norwich Superior Court Judge cancelled the foreclosure auction proceedings against Waterford Speedbowl property that was scheduled to be held on Saturday. This means hope for short track racing enthusiasts. The weekly event will continue to be held in Southern Connecticut. A spokesperson of Waterford Speedbowl, Terry Eames, confirmed that his [...]

The city of Chula Vista in San Diego County is one of the fastest growing cities. Over the years the city has witnessed an increase in its single-family homes. However, the increase in number of homes came along with an increase in adjustable-interest loans. This led to an increase in homeowner’s payment, and many homeowners [...]

Jacksonville is being sucked into the whirlwind of foreclosures ranking among the top defaulters in the country. Lake Forest area with a high concentration of houses is the worst hit. The virus has infected all levels of income and localities. Jacksonville has one foreclosure per 123 households – with the highest focus on Lake Forest [...]

The auction firm of Williams & Williams has cause to celebrate – it ranks first in the world for having topped sale of auctioned properties. As foreclosure rates rise more and more house owners have sought escape from troubles via the auction route. According to Mortgage Bankers Association, the last quarter of 2007 saw foreclosure [...]

Desperate house owners about to be disposed and thrown out on the streets will clutch at any straw. There was quite a stir and talk about ways and means out of the foreclosure mess. It seemed all that one had to do was to seek help. But the victim’s state of mind was such that [...]

Composite Solutions Inc is all set to form a subsidiary to reap the best out of the increasing foreclosure mess. The Sun shines on one side of the globe while the other is under darkness. As foreclosure numbers rise property rates tumble. Wall Street giants think this is the right time to snap up real [...]

Now well fare institutions like hospitals are coming under the cloud of foreclosures. St. Joseph Hospital on Fort Worth, near the south side, has been shut down. The New Jersey based owner says that more than $9000,000 as tax backlog, fines and interest will be paid before the property goes up for auction in the [...]