The foreclosure virus is spreading. ACORN is a national organization scrutinizing its effect on low and middle-income communities. ACORN is working to empower communities to fight for social justice. Its report is very exposing and revealing. In April this year 535 families of St. Paul and Minneapolis were served foreclosure notices. In St. Paul the [...]

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 [...]

Michigan ranked 6th in the country with 15,565 foreclosure in some stage of foreclosure or the other. It showed an 11% rise above July figures and a 126% high jump from the month of August in the previous year. The numbers tagged to Michigan are inclusive of 3,534 units that went into delinquency, 6,572 that [...]

Mortgage disclosures keep many clauses carefully confused. This is the opinion of Federal Trade commission’s Bureau of Economics. With changes here and there borrowers could get a much better deal. A serious study was made of 800 mortgages covering 12 areas across the country. Half were given current mortgage disclosure forms and half given other [...]

Many people look for the right foreclosure option to purchase a new home or other pieces of property. There is more than one reason for the people to look for good foreclosure options. Some of them are doing it as they are interested in buying new home for them. The others are investors who want [...]

Investors use the properties that they want to purchase as the collateral to obtain Commercial Mortgage Loans. It is similar to any other mortgage except for the fact that the collateral is a commercial property. Usually Commercial Mortgage Loans are pretty large as the price of commercial properties is much more than ordinary housing loan [...]

Buying a home requires lots of investment on part of the homebuyer. It is not everyone’s cup of tea to buy a home with ready cash, as at the end of the day it is a lot of money. Well if you to fall in a similar category then you need an appropriate home loan [...]