More than $3 million has been sanctioned by the Ohio Housing Finance Agency. It will enable counseling agencies to operate with counseling through 18 centres across the state. This $3.06 million grant emanates from the National Foreclosure Mitigation Counseling Program and it is part of $180 million action taken by the Congress in its fiscal [...]

In a statement the former mayor of Cleveland George Voinovich expressed his grave anguished concern for the ongoing foreclosure crisis in US. He is a senator from Ohio (R-Cleveland) and a former Governor. He is especially concerned about the repercussions of the foreclosure crisis. Cleveland is his hometown and it is one of the worst [...]

Since the last twelve months hundreds of house owners have been knocking on the doors of Stephani Rojas – a mortgage counselor. They are desperately seeking help as foreclosures close in on them. The majority comes when they are just about to be evicted. There is a sense of shame for having failed their families [...]

To avoid recession Federal Reserve has cut down key lending rate. Meanwhile foreclosures triumphantly marched on apace in November. The rate was slightly higher than that of November 2006. In Racine County last month there were 74 filings. A year ago the number was 71. 729 foreclosures had been filed through November – an 11% [...]

For any real estate related problem like foreclosure the FHA can be contacted for genuine help. It is a semi-private agency controlled by the government. The aims are to help those with slim purses to become owners of houses. FHA does not itself advance loans but it negotiates with lenders to make the loan taking [...]

California and the Bay Area have been worst hit by the foreclosure crisis primarily because it was in this region that there had been frenetic housing activity in the form of sub-prime loans and mortgages. This had always been one of the highly priced zones and real estate had been ballooning for many years. Many [...]

The statistics in Washington, Sacramento and the Inland Empire is grim with one out of 43 residences stained with foreclosure. Officials are scrambling with funds, legal steps and plans to help the house owners stay in their homes and snub predatory lending methods leading to foreclosures. But the clock is ticking. Speaker Nunez is pressing [...]

In the Michigan real estate business the top option by many home buyers is to go in for Michigan foreclosed homes. This is based on sound reasoning that the Michigan foreclosure process is caused by many eventualities, namely bankruptcy, financial strain, death of house owner or shifting of residence to another place and the like, [...]