Marengo based Linden Lumber business concern has been able to avoid the crisis of foreclosure by arranging for and repaying a debt of $5 million. This was stated by Federal Land Bank last Friday. The representative of the bank said that a new settlement has been arrived at regarding repayment of the $5 million dues. [...]

During the second quarter of this year the foreclosure rate in Utah is down in comparison to what it was the previous year. It remains far behind the average national figures where the number of foreclosure units is staggering. Towards the end of the June 2007 there were only 0.55% properties in Utah suffering the [...]

Abandoned homes and ‘For Sale’ signs dotting the landscape send shivers down the community. Elected representative are humming and hawing about finding funds to fight the menace but others in the locality are not willing to buckle under without giving a fight. Mayors in the Chicago region consisting of 272 members recently held a meeting [...]

Gang and drug parties have become the bane in Manteca. At one time people had thronged to light the fires of their hearths in the Central Valley in search of their dream homes. A curse seems to have brought down the pox of foreclosures – houses with neglected overgrowth and broken boarded windows are inviting [...]

If President Bush has his way then the residents of Las Vegas victimized by the foreclosure crisis will heave a sigh of relief. The President does not think it is a bail out operation to help lenders and speculators but is meant to help borrowers who are in the soup worried about the roof above [...]

The figures released by Colorado Housing during the second quarter speak volumes. There have been 10,017 new filings – which makes it 6% up from the first quarter. Colorado is thus showing a 25% rise in this year. There is apprehension that before the year dies out the numbers will further increase with many ARM’s [...]

In Fairfax County foreclosure figures rose by five times more during the first six months of 2007 in comparison to the same time last year. In the first half of 2006 the number of foreclosure listings was 190 but it zoomed to 987 during the same period this year. The County has released these figures. [...]

Record numbers of foreclosures have hit the headlines. Defaulting in more than two repayments allows the lender to file a legal notice. California, Florida, Nevada and Arizona top the list in foreclosures. Massive job cuts in Ohio, Michigan and Indiana have also led to the foreclosure crisis. Short selling has come out to be an [...]