One man’s poison has turned out to be another’s meat. Foreclosures have turned into a boon for clean up firms who are on their toes busy with work. The evicted victims leave behind a lot of junk that need to be sorted and sifted by companies engaged by the banks to do the dirty work. [...]

The picture across the country is grim – in June foreclosure numbers were more than double (53%) while the bank repossession numbers tripled from what it was a year before. Bank seizures badly mauled the real estate market eroding the value of all the houses waiting on the shop shelves to be sold. Higher interest [...]

The foreclosure mess mires as $25 billion might be required to save Freddie Mac and Fannie Mae. The Congress is putting its best foot forward to stabilize these two mortgage giants. The federal rescue efforts will ultimately come out of the pockets of the taxpayers. The lawmakers argue that by saving them, the foreclosure victims [...]

All the indications are there of the worsening of economic gloom as foreclosures continue to increase unabated. The crisis gripping Fannie Mae and Freddie Mac, the two pillars of the mortgage industry, spells disaster. It means that getting a loan to buy a house is going to be more difficult than what it already is. [...]

The expectation in Inland California is that the Green Lien bill will help foreclosure blights. Foreclosures are leading to a chain of abandoned properties that have been repossessed by the banks. The Elsinore Valley Municipal Water District has proposed a programme that is known as “Green Lien”. It is hoped that this will go a [...]

The forthcoming presidential elections will have no effect on the present crisis – foreclosures will gallop along indifferent to the results of the elections in November. Presidents do not have the power to wave a magic remedial wand. Despite this Democrat Obama and Republican McCain continue to make loud noises and promises about tackling the [...]

Foreclosures are opening up new opportunities but it is not without risks. The market is flooded with 700,000 bank-repossessed houses and about another one million is in foreclosure. This is just the time for many to be tempted to dabble in distressed units. Like every other kind of business it requires special skills and experience. [...]

Agents and appraisers are having the last say as against industry reports because against the background of the raging foreclosure crisis it is the locals who are the best judges of the real estate market. For those living in a housing society the work is easy because one unit is similar to the other. But [...]