Foreclosure Learning Center

The true experience of Rita and Larry Schels, a couple of Middle Island can be a guidance for other home owners. Making a combined income of six figures, Schels were comfortable till three years back. But due to unforeseen circumstances, Larry’s income from making monuments of granite stopped and their position went critical. Their original [...]

The problem of increased foreclosure homes plaguing the U.S. nation has come to be experienced by the El Pasoans as well in Borderland. Once bitten by the recent foreclosure filings, the mortgage lending companies are shrinking their business and refuse loans to lot of people – the result is only few people can afford to [...]

As part of taking corrective action on the foreclosure problem plaguing the State and for collecting tangible evidence from the Mortgaging companies indulging in malpractices, officials served subpoenas on these companies yesterday. The non-cooperative attitude of the mortgage lenders in sorting out the problem loans, rather than subjecting the properties under foreclosure, as envisaged by [...]

In an attempt to parry foreclosure fallout the Governor of New York State, Spitzer said in a press conference last Thursday that he wants the lenders to join hands with the federal government to give a second thought to mortgage-backed securities fund so that the wavering market can get back on its rails. The scheme [...]

A resident of Springboro, Randall Webb, has been awarded a 20 year jail term as well being slapped a fine of $250,000 even after pleading guilty to a single count of mail fraud for making false help promises to foreclosure victims in Cincinnati and Dayton. He set up a firm named American Foreclosure Group LLC [...]

A piece of good news at last – Colorado foreclosure numbers are deceasing. It dropped by 45% from January to October this year as compared to what it was during the same time in 2006. Of the top nine states in the foreclosure race this was the biggest percentage drop. Colorado registered 10.4 REO listings [...]

The house owners are not the only ones hit by the foreclosure but the city fathers are losing time as well as money as they are being forced to grapple with the problem. The landlord of a duplex unit in Minneapolis owes the municipality $117 as water dues. If it is not paid then the [...]

Marin County has not been left untouched by the foreclosure epidemic although it is not quite so bad as the rest of the region, the state or the nation. Novato however is seeing a lot of activity. During the third quarter this year foreclosures recorded a double jump. It is surprising that this has happened [...]