The largest charitable foundations of USA are coming forward with help for those who are hungry and without shelter in these foreclosure days. A study is being conducted to detail their activities. Till the middle of January, fifty foundations have committed more than $100 million as grants. The aim is to reduce foreclosures, keep the [...]

As winter sets in the shelter are overcrowded with foreclosure evictees. The ordinary American is running out of alternatives, sandwiched by foreclosures and joblessness. Cindy Almendarez is one of the many who had avoided shelters for the homeless for a long time. She had camped with her children in the basement of a friend and [...]

Alarmed at the phenomenal increase in foreclosures Sheriff Tom Dart of Cook County ordered his deputies not to participate in eviction of occupants from foreclosed houses. The staggering increase in foreclosures made him take this extreme step. Foreclosures are not just about figures and statistics but tears of individuals. This is the story of one [...]

Many experts opine that it is the debt culture that ultimately led to the foreclosure crisis. The banks are being accused of fuelling the debt culture of USA. It was the Fallon Worldwide advertising firm that coined the catchy slogan “Live Richly” to lure the people into house equity loans. Initially many were wary of [...]

The story of Dorothy Galbreath and foreclosure scammers is just one of the many dotting the scene – the stuff out of which novels are woven speaking of the times. Doroth, a bus driver, had been married for long 43 years when death took away her husband. He had built her a house in University [...]

The hunting instinct has not gone out of vogue – is very much there with outward cosmetic changes. Today busloads of hunters are on a foreclosure safari – trying to target sitting ducks. It is a common scene now – also in Prince William County. Real estate companies chartered a bus carrying 25 prospective buyers [...]

The South Side Bank, Shore Bank is a bank with a difference. It lays great stress on community welfare. It has started a new high-interest account on the Internet to attract those savers who are socially committed. Long-term gains are tied to the health of the land and the people who live on it. It [...]

Hundreds and thousands of Iowans are ruing the day they took sub-prime loans. The situation is so alarming and grim that the state’s attorney general, Miller, has set up a hot line and sketched out a plan of action to help borrowers negotiate with the lenders for new terms. It is reminiscent of the 1980 [...]