In the Tri-Cities alone, the number of foreclosures have been increasing, leading to a rise to the number of rental agents’ activities. In 2007, there were 1,098 foreclosure postings in Saginaw , marking a rise of 23% in the number of foreclosure homes in that area. In Bay County, there were a total of 403 [...]

The forthcoming presidential elections will have no effect on the present crisis – foreclosures will gallop along indifferent to the results of the elections in November. Presidents do not have the power to wave a magic remedial wand. Despite this Democrat Obama and Republican McCain continue to make loud noises and promises about tackling the [...]

Michigan has been especially badly battered by foreclosures, according to Mortgage Bankers Association. Across the country about 2 million houses were in foreclosure during the first three months of the current year, 2008. Foreclosure of houses increased from 42% to 54% nationally. Michigan has been one of the worst hit pockets. In January there were [...]

Jacqueline Scott is one of the many who have benefited from Hope America. This Ypsilanti based agency spells hope for many foreclosure victims. In 2006 Scott came to know that the unit where she was working would soon shut down. She promptly contacted her mortgage lender apprising the lending firm of her dilemma but they [...]

Foreclosure rescue scams are nothing new – they have always been there. It is just that recently they have reared their ugly heads to catch the limelight. Broadly there are three types of foreclosure rescue frauds. The foreclosure rescuer charges excessive fees for ordinary phone calls – something that the borrower can easily do but [...]

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 [...]

It is a three-pronged attack that will pin down house owners as foreclosures march relentlessly on. Taxes will rise, value of houses will fall together in shrinkage in services. These three curses will hibernate but sprout in spring. It is inevitable – the seeds having been sown by foreclosures. To take few examples – Oakland [...]

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 [...]