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Articles about Foreclosures

Foreclosure triggered crisis has led to the blooming of steamy love affair business.

The one thing that has bloomed during the tough economic days is the business of arranging steamy love affairs. Divorce has become costly and for a negligible price one can let off steam and warmth from friendship. Online dating sites for divorcees and married persons are doing roaring business.

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Documents relating to foreclosures are much more widespread.

The registrars of deed across the counties of America are combing through papers submitted in their offices. Upon review they are finding countless instances of dubitable signatures going back to 1998. Some are as recent as this year. The practice is continuing. The scope of the fraud remains unclear – a far cry from what was initially suspected.

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Foreclosures are devastating families and entire communities.

Although foreclosures are persisting there are more options available for troubled homeowners facing foreclosure. HUD has teamed up with the Treasury to start a campaign advertising the help available through PSA. Many homeowners do not know of help and do not contact. This worsens their situation.

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Abandoned foreclosed units in New York spell danger and pain for occupants.

The pain of the housing crisis continues in New York. Renters are living in abandoned foreclosed houses deserted by the owners as well as some of the banks. The living conditions are deteriorating but code violation notices are not working because none is taking on the ownership responsibility. New laws focusing on apartments are coming too late to the rescue.

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Real estate owners do not wish to rent out foreclosed homes.

The Federal Housing Finance Agency is very eager to rent out the homes that are lying vacant. This may bring down the number of distressed property but it will not be very good for the economy. Also it may be very expensive to renovate the homes and bring them back to a habitable state.

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Ohio foreclosure home investment is looking up.

Ohio is believed to be one of the states that have been hit hardest by the recent economic crisis. Lawmakers are scrambling to promote policies that foster an environment that will lead to job creation and possibly lower unemployment. Ohio foreclosures continue to be a low cost investment opportunity for those in the real estate [...]

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Colorado foreclosures, a value with a view.

There are currently approximately 28,000 Colorado foreclosures in the market. That is a somewhat higher number than other states with a similar population. The unemployment rate in Colorado, currently at 8.5%, has been somewhat lower than the overall US rate. The economy in Colorado has been somewhat cyclical in the past, in part because the [...]

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Arkansas foreclosures offer exceptionally buyers opportunities.

The number of Arkansas foreclosures in the middle range of surrounding states as economy of Arkansas has not been hit as badly as some other states. The unemployment rate has been below the US national average during the recent recession with a current rate of unemployment just over 8%. The economy of Arkansas includes a [...]

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