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 [...]

According to a survey in 2006 Detroit recorded the highest high-cost mortgages in the previous year. A community activist organization, Acorn, has been studying in depth the fall out of mortgages. They have concluded that relatively more Afro-American and Hispanic borrowers have been victims of high-cost mortgage schemes in comparison to the whites. Thus more [...]

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 [...]

So far the going has been good for those with poor credit to try and own a house. In the sub-prime market not many questions had been asked and loans had been easy. But with the foreclosure raging through the country mortgage lenders have been tightening their belts making it difficult for house loans to [...]

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 [...]