Foreclosure rescue companies are duping victims with teasing signboards promising purchase of house with cash or refinancing the loan with the bonus of a 7 day vacation! They take a fee ranging from $1,000 to $2,500 promising the sky. The line of approach is the same everywhere with variations from one case to another. The [...]

With the increase in foreclosure numbers marshals in Connecticut are earning millions by serving legal papers. Briston resident John T. Fiorillo, a self-employed marshal of the state, earned over $2 million by serving legal papers to foreclosure victims. It is his relationship with two law firms that is reaping in benefits. Hunt Leibert Jacobson and [...]

Most of the Republicans headed by Bush seriously believe that they have Time on their side and that things will solve itself out by allowing foreclosures to follow the course of classical economics. Many opine that they are wrong. The river of sorrow will not dry up as it regenerates itself – clouds become rains [...]

Agents and appraisers are having the last say as against industry reports because against the background of the raging foreclosure crisis it is the locals who are the best judges of the real estate market. For those living in a housing society the work is easy because one unit is similar to the other. But [...]

For the 17th running month Nevada remained holding to the top position as the worst foreclosure offender. In May the foreclosure rate in Clark County is 1:96. Alarmed at the continued trend the leaders are organizing foreclosures counseling sessions to stem the tide. Senator Harry Reid (D- Nevada) has given the lead. The third foreclosure [...]

Foreclosures respect no frontiers – neither class nor creed, rich or poor. It is a great leveler – cold and indifferent like Death. Foreclosures have been galloping around in Maricopa County. Jewish agencies are rising to the challenge as a community and setting up centres to help the troubled foreclosed victims. Michael Zent of Jewish [...]

Foreclosures continue to rule the roost despite much talk and hype about solutions. But what is self evident from numbers pouring in is that the Bush administration has failed to rein in the galloping foreclosure horse. Like myriad other problems this all-important one about foreclosures is going to be dumped on the new President and [...]

The city of Baltimore has legally filed a complaint that Wells Fargo has targeted blacks as regards foreclosure related issues. The suit was filed on Tuesday 20th May 2008, claiming that Wells Fargo (based in California) resorted to predatory lending luring the Blacks of Baltimore. The desire was to make “quick profit because it believes [...]