Investing in property is a costly affair where one has to pay one’s hard earned income in order to buy a dream home. For some individuals, buying a sweet home remains a distant dream that never gets fulfilled. However, if you are living in Dallas and looking for a home, make sure that you look [...]

The foreclosure crisis has been slipping from bad to worse. It started off with the laudable aims of helping those who wanted to own a house but could not qualify for the prime loans. The sub-prime mortgage was tailor made for them. Unfortunately the scheme went awry with predatory lending and reckless borrowing. The borrowers [...]

Mortgage Bankers Association announced that during the third quarter of this year foreclosures have reached an all time record peak since 1986. Economist Campbell speaking with staff writer of Newsday, Wagner, said that this will have a wide impact on the general economy. It will affect all house owners and not just those branded as [...]

One can hear the clink of the sword – it is expected to be brandished any moment. The Bush administration has come to an understanding with jumbo lenders and a freeze will be announced for five years. These are the lines of expectation. No details are as yet available. The reaction to the news in [...]

Howling scavengers – the jackals and vultures, inevitably follow the predators. Rescue scammers who pose as helpers have closely followed the foreclosure crisis. The traumatized victims cry on their shoulders only to discover later that whatever was left in their pockets have been neatly picked. A federal indictment report exposed that six people were accused [...]

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 [...]

Foreclosures have devastated house owners together with entire neighbourhoods. Now it is time for the tax department to feel the hard pinch. The treasury offices across the country are getting ready for the river of taxes to run dry. Innumerable houses in Cleveland have been damaged by vandalism, fires and the weather to a point [...]

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 [...]