Articles about Foreclosures
Questionable mortgage operations and loose lending standards were the causes leading up to the housing bubble that ultimately burst and pushed economy into the jaws of the severest recession (2007-2009) since the 30’s. Many citizens contracted mortgage loans on their houses without understanding and walked into houses they could ill afford. Consequently foreclosures touched record [...]
Ron Ward has been a licensed realtor for long fifteen years. He is now embroiled in a fight with his lender Wells Fargo Home Mortgage against whom he has brought a lawsuit. His allegation is that Well Fargo resorted to wrong foreclosure to take away his dream houses that he had constructed in Aptos (Santa [...]
Ron Ward and his wife have been wrongfully foreclosed upon despite a forbearance agreement with Wells Fargo. Their house in Aptos, California was sold without their knowledge. They came to know of it only when faced with the eviction notice. Ward has filed a lawsuit against Wells Fargo. Across America questions about the legality of [...]
Buying a new property these days can be very devastating on your finances. A 3 bedroom house can easily cost you $250,000, which is why more and more people are buying foreclosures as they are becoming more affordable with up to 30% discount in New York and up to a massive 45% discount in the [...]
The foreclosure crisis has been pushed into the background as the two parties spar. The Republicans and some conservative Democrats are blocking further extension of unemployment benefits leaving with cold at Christmas time. They contend that they will give the nod if the money comes from unused funds lying in the stimulus kitty but not [...]
Threatened with foreclosure house owners are now seeking recourse – no longer accepting things meekly without putting up a fight. One of them flexing muscles is Ricky Rought who had paid cash money to Deutsche Bank National Trust Company for a cabin with four rooms in Michigan. He wanted to refurbish it for his daughter. [...]
Fannie Mae and Freddie Mac are now trying to resume sales of cheap homes in Charleston in an effort to restart the economy. There are so many paperwork reviews and court cases going on right now that foreclosed home sales are at a virtual standstill. They are trying to get the ball rolling on some [...]
Foreclosures are coming to a halt while document problems are worsening. The lenders are failing to prove more often than not the ownership to the title of the properties being foreclosed upon. This is further vitiating the economic atmosphere of USA. The borrower facing the threat of foreclosure is observing the happenings in dismay as [...]
