Learning how to stop foreclosure in Texas is a relatively simple process, but the homeowner must act quickly to save the house. Texas has a very short period for foreclosures to take place. A foreclosure can happen from as little as sixty days after late payment. There is no redemption period for the homeowner to [...]

Richard Blumenthal, the Attorney General is involved in a probe looking into the foreclosure problem in Connecticut. He has asked for information from Lender Processing Services, Fannie Mae and Freddie Mac about their selection of law firms for operating the processing works. Reports are being investigated by him that most of the foreclosures in Connecticut [...]

The foreclosure documentation crisis is brewing trouble for all. In the latest round the mess is posing a dilemma – by being just to some of the players the entire society could have to endure pain. Then how should the game be played out? Theoretically one line of approach should be the best but the [...]

It is the foreclosure climate that is compelling many to become squatters. A couple of months ago a couple, Chris and his wife Thelma DiMattio purchased a house in Wilton, Connecticut. The neighbourhood was ritzy and the pair was thrilled with the deal. Thy have been residing in Wilton for a long time and thus [...]

It has become a common feature in some badly foreclosed regions for banks to abandon foreclosed houses leaving the headache to the neighbours, the community and even the exited house owners. The banks do not put up these houses for sale in the real estate market – neither buying it nor giving a third party [...]

Statistics have shown in recent months that the number of mortgage delinquencies has dropped to 9.13% according to a report released by Mortgage Brokers Association.  This statistic at face value appears to indicate an improvement in the mortgage delinquency situation.  However this statistic is misleading because it is a result of properties being repossessed and [...]

The US economy is in the midst of a Recession. Unemployment is at its peak. As people lose jobs, even those with excellent credit scores are faltering on mortgage payments. Hence, foreclosures are at their peak. The Federal Government had come up with a program under which loans of homeowners are being modified, first on [...]

The US economy is still reeling under the effects of Recession. Unemployment is at its peak. As people lose jobs even those with excellent credit scores are faltering on mortgage payments. Hence, foreclosures are high. Fannie Mae, which is controlled by the government, has asked for an aid of $2.5 billion. It has posted a [...]