Georgia foreclosures rates have dropped to record lows as the number of home being taking back by lenders is now at the lowest level in 18 months. This change is a direct result of the foreclosure delays being caused by freezes placed on banks to make sure their paperwork is correct. The number of homes [...]

Texas foreclosures have long known for their low numbers during the economic recession when they are compared to the economic state of rest of the nation. But, recently there has been a slight change in these numbers as foreclosure filings have been on the rise in some parts of the state. Despite the increase in [...]

New York foreclosures are now in a record plunge, thanks to the government’s robo signing moratoriums. However, experts say that the report is not actually good news for homeowners at risk of losing their homes, because the decrease in New York foreclosures due to end of robo signing, is just temporary. Robo signing was widespread [...]

December 2010, was another good month in real estate when reports stated that California foreclosures are now on a steady decline. Other notable data released shows that leading lending institutions filed foreclosures on fewer homes in California over the previous quarter. However, this news has still not been able to create a reversal in the [...]

Last month’s recent decline in the number of Florida foreclosures is a welcome help to the state’s economic outlook. The hope is that these changes will provide more jobs for working people who are still struggling with unemployment.

The foreclosure system in Washington is itself defective as creates conflicting interests. The lender hires the trustees to oversee foreclosures. The case of Dorothy Halstein is an example of how her property was foreclosed transgressing customer protection laws. The trustee admitted to predating notarization.

Flat Rock Church in Lithonia City is facing trouble. Sun Trust Bank has foreclosed on it after it defaulted on a loan carrying a monthly premium $6,000. It is the oldest Afro-American church standing till 1860. The building of a new building proved to be more than the church could afford.

Lawyers and also judges are speaking out against the wrong manner of foreclosures operations. Banks have either failed to produce the note or fabricated documents to hurry on with the seizure of homes. The situation poses potential risk to the economy. The titles and backing of securities comes under a cloud.