Some pundits are optimistic and opine that USA will recover from the foreclosure crisis. The doomsayers of California are now singing another tune after surveying the Inland Empire. The bold message is that the country is going to survive this debacle in the near future. The forecast by Chris Thornberg is not unrealistically coloured – [...]

Despite the various governmental and other measures foreclosures continue to surge in February 2009. It is a spike of 30% from what it was in the same month in 2008. Lenders too have imposed moratoriums on foreclosures but this does not seem to have reduced the number of foreclosure postings. The number of borrowers facing [...]

Approximately one in eight of homeowners in America are either in foreclosure or about to enter it. Increase in job losses is worsening the situation that started off with the sub-prime fiasco triggered by lax lending standards. These figures were released recently by Mortgage Bankers Association. Unemployment has touched the highest figures since the last [...]

The housing crisis has caused many foreclosure evictions. This in turn has put pressure on rented units. Increase in rental vacancies point to a change in the housing climate

The foreclosure situation is seeing an increasing in unlawful dumping. Solano County is being literally trashed in many ways. The officials of the country are reporting many illegal dumping incidents and it is costing taxpayer’s money to clear up the mess – a staggering $320,000 to $350, 000 is the estimate. The Environmental Health Department [...]

Driving through miles and miles of foreclosed America is no longer a pleasure – it just evokes memories of happier days. After Pennsylvania the Ohio turnpike snakes on towards Canada. The traffic is thin on the six-lane highway that was once snarling with full loads of tuck. For miles on end there is nothing in [...]

Ten persons – scammers and fraudsters, had tricked house owners in San Diego and Riverside counties. The grand jury accused them of misappropriating thousands of dollars from the hapless foreclosure victims, taking advantage of their vulnerable position. They were tricked into paying fees for saving them foreclosure – something that never happened. The ten were [...]

A loan broker of Fontana has disclosed a plan to stop foreclosures – a plan that sounds brilliant. It may be that Joseph Gonzalez holds the key to the solving of the nation’s foreclosure related housing problem that has been assaulting house owners, realtors, banks and the builders daily. Gonzalez is nto touting his plan [...]