Foreclosure rates in the county are skyrocketing. Chicago and it neighboring areas are hard hit due to foreclosures. Realty Trac.com reveals that the state of Illinois is one amongst the top ten states with a high foreclosure rate. Reports also reveal that the extent of foreclosure cases in Chicago and its neighboring areas are on [...]

The rising foreclosure rate in the country is the most heated topic of discussion everywhere. Several homeowners in the county are in distress. Till the current period of 2007, the nation has recorded a total of 925986 foreclosure filings, which is 56% higher than the figures recorded for the year 2006. Several homeowners in the [...]

The white flag of truce is sending out signals at – harassed borrowers will get 90 days time to breathe. The State Attorney General, Martha Coakley, has declared a deal. It will give reprieve to 2,000 Bay State property owners facing foreclosures. The Fremont Investment & Loan body has been persuaded to put on hold [...]

The opinion of the Real Estate Institute is that all those who are somehow or the other connected with the real estate business should be brought under the measures being undertaken to give the industry a shakeup and a new look to it. Thus under its purview should come property managers, agents involved in letting [...]

What is the missing link between the bond market at Walls Street and the price of a property that has been retaken by a lender after it fails to be sold at a foreclosure auction? It is missing to the eye but it is there alright – lurking behind. In a foreclosure what goes up [...]

There are just too many homes for lenders – much more than they can swallow. Where is the cash? The figure runs into tens of thousands of dollars. Tom Ruff researching in data says that the rates have plummeted. There is not much equity left even if the lenders cough up the cash and buy [...]

The jangle of the telephone breaks into the family peace. Another reminder – mortgage payments are due. But the television switches on with a different message of hope – do not despair for there are escape routes. This 30 second Public service announcement coming from the mortgage industry in collaboration with AdCouncil reminds foreclosure victims [...]

Usually summer seems to come and go with a flash. One day it is the 4th of July and soon November and Halloween celebrations seem to be round the corner. This happy season jumps fast from Independence flags to arranging pumpkins with eyes as well as small costumes within a short notice. But those who [...]