Texas foreclosures are going against the current foreclosure trend as recent reports show that the number of foreclosures are slowing down here. This report was released by a California based tracking firm, RealtyTrac, in April 2008.During March, there were 10,700 foreclosure postings in Texas – a decrease of about 16% from March 2007. It is [...]

The story is set in Kansas City. Terrie and Carrie Madden are overpowered by the stench coming from the neighbouring stagnant swimming pool. Delayed foreclosures are raising the stink. The financially cornered neighbours exited in August and since then the house to fall into disrepair. The slimy pool and knee-high grass attracted criminals. The Maddens [...]

In the first quarter of 2008, San Fernando Valley foreclosures skyrocketed to 201% in comparison to the previous year sending warning shivers that worse foreclosure days are ahead. Home prices took another pounding. During the month of April there were 608 foreclosures as against 2002 in April of the previous year. There were 511 foreclosures [...]

State Senator Frank Padavna (R- Bellerose) and City Councilperson James Gennaro (D-Fresh Meadows) have allowed political rivalry to delay foreclosure bills. Meanwhile foreclosures have the last laugh and march ahead. Gennaro is more concerned about unseating 18-term Padavan than anything else. He is stalling a bill that would put on hold foreclosures with shady backgrounds. [...]

With the housing crisis being uppermost in the minds of vote seekers the presidential candidates views on foreclosures are of great importance. In North Las Vegas, Democratic candidate Barrack Obama hit out at Republican John McCain for his link with the foreclosure related mess made by the Bush administration. McCain was derided for being “out [...]

Foreclosures in Florida continue to zoom higher and higher. The only good news is that Arizona has overtaken Florida in foreclosure numbers. Today the Sunshine State ranks 4th in the national foreclosure race according to RealtyTrac. Florida had 35,264 foreclosure postings in April 2008. This was an increase of 16.6% from March 2008 and 146% [...]

The Cleveland foreclosure crisis is worsening from day to day. The neighbourhoods of the city are dotted with vacant houses, owned by lenders or the banks. Financial bodies now possess more than 11,000 properties in Cuyahoga County according to project reports undertaken by Case Western Reserve University. The numbers account for more than half the [...]

Foreclosures are the mere symptoms. The call of the hour is to dig for the root causes of foreclosures. Once that is found then the symptom can be uprooted – but not before. No solution will be effective if the remedial arrow is blindly thrown in the dark. The usual run of thinking points to [...]