Commercial foreclosures are increasing with loans made on commercial properties beginning to mature. What had been forecasted is now coming true. The banks have taken on a hard stand – quite different from their soft approach towards delinquent homeowners. In miming the situation of home foreclosures where underwater victims are walking away from foreclosures, many [...]

Denver is putting a monetary squeeze on banks to deter them from continuing with foreclosures. The officials are anxious to put brakes in the worst affected localities and telling the banks to do more to assist the banks otherwise they would forfeit huge government deposits. Michael Hancock and Paul Lopez, members of the City Council [...]

57 years old Ben Mayfield is one of the many who after nursing hopes in a state of limbo was struck by the reality of foreclosure in the end. He was under the impression that his house had been saved after availing of a loan modification through a federal scheme. He managed to make six [...]

With foreclosures and high unemployment still persisting, withdrawal of the stimulus would hurt the economy said Nobel Laureate Joseph Stiglitz. The Federal Reserve has decided to wind up its programme of purchasing mortgage backed securities by the end of March. This decision will push up mortgage rates and hurt the housing sector. Speaking at an [...]

In states like Nevada walking away from foreclosure would be an unwise move for borrowers because time is on the side of the lenders and their minions. The lenders have the legal right to pursue the borrowers and seize their assets and income years after the foreclosure drama. Today the borrowers may not have either [...]

The foreclosure is a option available for the lender in order to recover the money if the respective property owner didn’t make the payback on time. Since the home owner is liable for the money which is borrowed from the other party and he has to pay it on the agreed time and if he [...]

At one time, a condominium was a place a family could retreat to from their busy lives. A condominium was once a source of great joy and recreational opportunities that the whole family could benefit from. A condominium is a piece of real estate property that was bought for investment purposes and went by the [...]

If you’re looking to get a loan for extra expenses such as home improvements, college tuition or medical bills, there are several ways to borrow money by using your home equity as collateral. Home Equity is a term for the value of your home minus the amount you still owe on your mortgage, and reflects [...]