Previous Treasury Secretary Henry Paulson has justified the steps he had taken during his tenure to tackle the foreclosure crisis. He admitted that although the response of the Bush government to the crisis was not perfect it had “saved this nation from great peril.” He said recently in a written statement prior to a hearing, [...]

Foreclosures are largely responsible for the economic downturn, which has caused many homeowners in give away pets. Unfortunately, it is often a heart rending decision. One of these animal victims is Julie-a pit-bull terrier. She had to be removed from a home in Orange County because her owner could not look after her anymore when indifferent health and [...]

The tax assessments on properties are unusually high in the localities that have been badly hit by foreclosures. For residents it is a double whammy coming from foreclosures and assessments according to the findings of an advocacy group from Atlanta. The survey included in its study the metro regions of five counties and concluded that [...]

The work of the bank foreclosure is when the borrower is not able to pay the amount that was supposed to given the lender or other banks. There are many banks which give the borrowers some time to get the money. If the borrower is not able to pay the amount to the bank, the [...]

U.S. Foreclosure Prevention Act of 2008 has introduced a program called first time home buyers, $7500 which would give some hope to the borrower. This program would help the borrowers to get rid of the loan that they had borrowed from the borrower. This program would help the borrowers to reduce some amount on the [...]

Foreclosure surges leads to increasing traffic on new website. The pain of foreclosures is being directly related to increase in numbers to Mortgage Lender Implode-O-Meter. It is not only borrowers but lenders too in trouble are being counted. On 7th July the number was 265 – but that was just the beginning of increasing numbers. [...]

California continues to reel under the foreclosure tornado. More foreclosed homes are being sold and the picture remains grim. The weather is showing no signs of improvement. A report has been issued about 9,477 foreclosed homes by one of the most reliable prime online data collecting sources focusing on August 2007. The total value of [...]

First step of bank foreclosure starts when you miss your first monthly payment. Foreclosure seems to be evolving in your mind no matter why you miss your payments. Bank will take his first step after 15 days by contacting you. If do not communicate properly with the bank regarding your problem for delaying payment, more [...]