Posted in Foreclosures | 1 Comment »
Eighty year Harry Young is the last black farmer in three counties of Kentucky – his family lived here for 100 years. Young lost the ground under his feet by a hotly contested foreclosure sale conducted by Farm Services Administration. Now Ku Klux Klan holds their all-white meetings on this black soil. Young continues to [...]
Posted in Foreclosed House | 1 Comment »
It is difficult to stay next to a house that has been barred up since the last six months. The overgrown garden is infested with rats and snakes. The swimming pools are stagnant and stinking. Lenders take on a step motherly attitude towards the foreclosed houses. Who will bother to take care of these orphans [...]
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The spiraling foreclosures has taken on such jumbo proportions that the whole nation is on the alert. It cannot be dismissed as an isolated incident confined to only borrowers and lenders. The foreclosure crisis is due to predatory lending and irresponsible borrowing in the sub-prime mortgage market. They have begun to organize themselves to tackle [...]
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Kansas is reeling under foreclosures causing state officials and even the Attorney General Morrison to sit up. There has been 29% rise in August as compared to the same month in 2006. It is the same across the entire country with local variations. Morrison initiated the founding of a task force consisting of 15 members [...]
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Foreclosures have come – they are knocking at every alternate door. The foreclosure process consists of several steps. When the borrower fails for the third consecutive time to make payments the lender sends a foreclosure notice. Time is again given to allow for payment but in the event of a failure an auction date is [...]
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Sacramento, the capital of California is located here. The city mainly came into attention due to the discovery of Gold here. It was because of the untiring efforts of John Sutter who wanted to establish colonies here. Much historical architecture is still to be seen here. The Sacramento River was the source of water transport [...]
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North Carolina Foreclosure Homes are listed distinctively storing the related information and particulars of the housing properties undergoing various stages of foreclosure process, in the State of North Carolina. Such listings of foreclosure properties separately are an advanced development in the internet marketing available for real estate business. While more channels are open for buyers [...]
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The sub-prime mortgage market was launched with the laudable purpose of making a large deprived section of the populace proud owners of their own houses. Unfortunately predatory lending and irresponsible borrowing have led to an untenable situation. Livingston County is one of the worst hit regions as regards foreclosures. The situation is so grave that [...]