There are many living in foreclosed houses but when the mother of Octuplets is doing so, it draws attention. Nadya Suleman is being referred to as Octomom when she gave birth to eight babies simultaneously. She is a 33-year-old mother supporting her six other children on food stamps, educational loans and disability handouts. She is [...]

Foreclosures today are opening up many opportunities for investors and others in Katy. About a year previously nearly three fourths of the houses sitting on the shop shelves waiting to be sold in Bear Creek Meadow sub-division of Katy belonged to the foreclosure category. Many stood vacant, deserted and eerie. Many of those who did [...]

Innovative artistic touches are transforming the complexion of foreclosed houses and the entire neighbourhood. It is a ray of sunshine in the middle of a decaying automobile industry, increasing unemployment and thousands of foreclosures in Detroit. But Mitch Cope together with his wife Gina is endeavouring to change the scene tackling the houses one by [...]

Abandoned foreclosed houses in Queens are being taken over by criminals. A survey conducted by ACORN shows that the areas where foreclosures have been high have reported increased number of criminal activities. Crime has fallen in only two foreclosure concentrated areas – South Ozone Park and Queens Village. In all of the eight areas with [...]

The general opinion is that the market will stabilize by preventing foreclosure. But another school of pundits opine that this will rather harm the real estate market. On the other hand the only way out of this impasse is by speeding up foreclosures. By reducing the amount paid by borrowers towards mortgages might delay foreclosures, [...]

Times are tough during these days of foreclosure crisis. With innumerable evictions the number of those seeking rented accommodation have run into millions.

Foreclosures have once more brought together Obama and ACORN. Immediately after the signing of the trillion dollars bill in Denver Obama kicked off New Raw Deal – a jumbo-sized mortgage plan that will force lenders to modify loans and refinance. The initial cost stretches from $50 billion to $100 billion. This is on top of [...]

It is happening in places all over the country with variations in intensity here and there – community recoveries are slipping back into the blight of foreclosures. Central Islip in New York State is one of those places. Central Islip is a community in Long Island. About 32,000 people reside here. It is modest locality [...]