Foreclosure Learning Center

Foreclosure filings jumped to an all time high during the third quarter of 2007. There are no signs of the clouds lifting. The rise in ARM rates has led to a flood of foreclosures. According to reliable statistics the number rose 30% from the second quarter and double to what it was during the same [...]

Pressure was put on the Bush administration on Friday 2nd November to step up its efforts regarding the foreclosure crisis. Barney Frank, the chairperson of House Financial Services together with other Democrats underlined the point that times were bad with statistics showing 2 million units about to foreclose. Time and speed were two important factors. [...]

The Secretary of US Treasury, Henry Paulson came forward with a plan to tackle foreclosures. According to it more than 200,000 borrowers will get notices from lenders hinting at renegotiating with new terms. Any borrower who has missed one payment commitment will get a single page letter from HOPE NOW. It is a Treasury sponsored [...]

Foreclosures continue to grab the headlines right across the nation without any signs of abatement. In fact it seems to be getting worse. The sub-prime mortgage sector is being primarily held responsible for this foreclosure fiasco. Under this viral attack millions of houses are tumbling like ninepins. Loan sharks goaded by commissions and investing greed [...]

For several months news about foreclosures have been capturing the headlines. The latest report is that the number of foreclosures in September 2007 is double to what it was during the same period in the previous year. Michigan is one of the five top offenders as regards foreclosures. The sub-prime is to be primarily blamed [...]

It happens within minutes – the foreclosed property is snapped up every Wednesday supervised by the Sheriff’s Department of Brown County. Buyers and sometimes a hapless former owner crowd in the first floor room as the drama progresses in sharp succession. But few are aware of the behind-the-scene tears and tales of frustration. Swiftly more [...]

In September this year California foreclosure filings rose by six times compared to the same month in 2006. This has had a negative effect on the general economy in California. The number of foreclosed houses is high and there are relatively few buyers. This is causing real estate prices to fall drastically. Once the average [...]

Foreclosures are causing loss not only to the individual but also to the nation at large. It is estimated that more the $1000 billion of real estate will be affected and government coffers will find itself less by $917 million in taxes by 2009. These findings are based on a recent congressional finding. The Joint [...]