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 [...]

The courtrooms in Bakersfield, California are jam-packed leaving standing space only. Auctioneer Sam Marshall says it is big business as the numbers roll in. Banks are desperate to reduce their inventory as they are weighed down with innumerable foreclosures. Foreclosure numbers are now breaking own records in the first quarter of the current year 2008, [...]

A foreclosure tsunami is raging over the country. The adjustable rate mortgages are spiking, jobs are vanishing, prices are rising and real estate is falling. All have combined to make it impossible for mortgage holders to continue with monthly payments. But they need not despair. Housing experts and counselors have many suggestions up their sleeves. [...]

In the first quarter of 2008, San Fernando Valley foreclosures skyrocketed to 201% in comparison to the previous year sending warning shivers that worse foreclosure days are ahead. Home prices took another pounding. During the month of April there were 608 foreclosures as against 2002 in April of the previous year. There were 511 foreclosures [...]

The Cleveland foreclosure crisis is worsening from day to day. The neighbourhoods of the city are dotted with vacant houses, owned by lenders or the banks. Financial bodies now possess more than 11,000 properties in Cuyahoga County according to project reports undertaken by Case Western Reserve University. The numbers account for more than half the [...]

Adamaitis of Direct Mortgage Services said that in the long run persistence and perseverance pays when trying to avoid foreclosure. Adamaitis has most of his dealings in foreclosure-riddled Florida. Of all the innumerable cases he handled a particular one has remained etched in his memory. One day a woman from Manchester contacted him saying that [...]

Foreclosures are challenging Congress and as yet seem to be enjoying the last laugh. Democrat Rep. Tim Walz speaks about his own personal experience. The house next to his has been in foreclosure for more than a year and pulled down the value of his own unit by 20%. The story of Walz is being [...]

South Bay foreclosure figures are alarming. The question is – how much more can this region take? Statistics show that on each average working day there are 1,038 foreclosure related auctions. In April Santa Clara County recorded 500 postings – this being a 47% hike from the previous month of March 2008 and a 585 [...]