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 [...]

Oakland County foreclosures are rising to record levels as per statement of Oakland County Equalization. Highland Township, Milford Township and Village of Milford are scheduled to hold a seminar that will benefit local house owners who are grappling with foreclosures. The seminar will also discuss matters relating to budgeting income, credit problems and the importance [...]

A senate bill targeting prevention of foreclosures has come under attack from the White House for being a bailout scheme benefiting lenders and speculators. In fact the President might use veto powers to stall it. The bill aims to allow bankruptcy judges to wipe out mortgage dues and provide billions for redoing abandoned properties. The [...]

The recent figures released by RealtyTrac making in depth studies of 100 areas worse affected by foreclosures has detailed numbers in cities, percentage of houses being foreclosed upon and the percentage changes from the previous year. The figures continue to cause concern but it seems that the crisis is more localized than general. However it [...]

Barbara Anderson of Cleveland is very specific in her choice of presidential candidate after having lost her house to foreclosures few year ago. She is not interested in the fate of Wall Street – she wants a president who will see to her house, her city and her mortgage interests. She loves her Main Street [...]

In September 2007 50,000 or more residents of Maryland were lagging behind in mortgage payments. Experts opine that this year the numbers will increase with adjustable mortgage rates ready to reset to higher levels. However there is no point in negative worry. Help is available. The first thing is to contact the lender. Today lenders [...]

On Hendry Street, Dorchester heads of city government arrived in a futile attempt to stop the spread of the foreclosure virus. But when the mayor, police commissioner and the housing inspector arrived all was over. Mayor Menino standing in front of a boarded up three decker house on Hendry Street promised that he would do [...]

Six mortgage giants together with Bush administration announced on Tuesday fresh plans for giving relief to foreclosure victims. Treasury Secretary Henry Paulson said that the aim was to help as many as possible. He admitted that although some steps have been taken there is still much to be done – especially in the wake of [...]