There are two types of government foreclosure. The first type is known as judicial foreclosure and the other one is non-judicial foreclosure. Major differences between government foreclosures & Non-judicial foreclosure Mainly, judicial foreclosure usually starts with a lawsuit and it is authorized by the selected court officer to trade it off when it takes a [...]

Investors use the properties that they want to purchase as the collateral to obtain Commercial Mortgage Loans. It is similar to any other mortgage except for the fact that the collateral is a commercial property. Usually Commercial Mortgage Loans are pretty large as the price of commercial properties is much more than ordinary housing loan [...]

Buying a home requires lots of investment on part of the homebuyer. It is not everyone’s cup of tea to buy a home with ready cash, as at the end of the day it is a lot of money. Well if you to fall in a similar category then you need an appropriate home loan [...]

The foreclosure situation in Duval County, Florida, home of the city of Jacksonville continues to worsen, now with 1 in every 652 homes in some stage of foreclosure. The foreclosure rate seems to strangely fluctuate in Duval County, as it sank to a low of only 85 homes in foreclosure in September, falling from 1,009 [...]

With 95,862 homes in foreclosure during the third quarter of this year, Florida is now second in the nation in the amount of homes in foreclosure, and number one in the southeast region of the United States. However, it’s important to remember that this statistic shows merely the volume of foreclosure homes in the state, [...]

New statistics show that during the third quarter Detroit led all other urban areas antionally with the highest rate of foreclosure. With one out of every 80 houses entering some stage of default or foreclosure, Detroit’s foreclosure rate rose 42% during the second and third quarter. Many experts say that this is no surprise. Michigan [...]

Following the nationwide trend, foreclosures in Oklahoma have taken an upward turn, rising almost 14% between the second and third quarters of this year. Homeowners across the state seem to be unable to keep up with their monthly mortgage payments, especially in the urban area of Omaha. This is seen as a result of rising [...]

Foreclosure rates in the Chicago metropolitan area are still quite high, according to a new study. Will County remained the area with the highest foreclosure rate in the city. Grundy and Kendall counties held the lowest rate of foreclosure in the region. On average, Chicago as a whole is going at a rate of one [...]