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 [...]

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. [...]

Composite Solutions Inc is all set to form a subsidiary to reap the best out of the increasing foreclosure mess. The Sun shines on one side of the globe while the other is under darkness. As foreclosure numbers rise property rates tumble. Wall Street giants think this is the right time to snap up real [...]

The prostrate real estate market continues to get beaten. For the lucky few smart ones this is the time to pick up pearls from the messy pigsty. It needs sharp eyes, patience and exceptional foresight to reap profits from countrywide falling prices and foreclosure listings rising to historic numbers. Gambling in a market that has [...]

A bankruptcy filing has delayed a project in South Salem, Marion County. Developer Morford filed protection from creditors claiming shelter under bankruptcy laws just two hours before scheduled start of foreclosure proceedings. Morford, from Portland, is in charge of PJM Fairview. His attorney Bradley Baker took the help of Chapter 11 to file the petition [...]

Government officials together with executives from prime mortgage lending firms of Massachusetts are to meet today to discuss avenues of escape for the victims of foreclosures. Dan O’Connell, the secretary of Housing and Economic Development of the Patrick administration has taken the initiative. He corresponded with executives of top ten mortgage firms in Massachusetts asking [...]