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 [...]

Tuesday 5 pm was the deadline for the owner of Pear Street Bistro, Wong, to pay up his dues of $81,000. The critics of the Bistro owner have been rather vociferous. He failed to pay up and foreclosure proceedings have been initiated against him. The drama started in October 2005 when Gary Wong made payments [...]

BIOTA a water bottling company based in Telluride has been ordered to proceed with foreclosure sale as per orders of USA Bankruptcy Court. An attempt to delay it has met with failure. As per releases of the aforesaid Court in Colorado district, BIOTA (Blame it On the Altitude) owes more than 100 creditors the total [...]

The word foreclosure has ominous connotations for the borrower. It means the latter loses the opportunity to clear the mortgaged estate and secure the bolts and nuts on the roof above his head. Crudely put a foreclosure means the roof is about to blow away. To foreclose means to shut out and stop the borrower [...]

During the past years the few house owners have been losing familiar neighbours. The neighbourhood is beginning to lose its value together with its beauty and safety. A deserted look is taking over entire blocks. It is a problem with neighbourhood associations. Nearly 10% houses have gone into foreclosure that results in overgrown gardens and [...]

Many people take interest in the foreclosure properties. Not only it is possible for people to buy a home or any other piece of property at a cost much lower than the actual market price, but it also is a very good option of investments as well. In foreclosures the banks sells off the property [...]

Owning a place called home is a luxury not all of us can afford. If we talk about the world in general, there are many people who cannot afford a decent three time meal in a day for themselves and their families. Buying a home can be a very distant dream to such people. In [...]