Now well fare institutions like hospitals are coming under the cloud of foreclosures. St. Joseph Hospital on Fort Worth, near the south side, has been shut down. The New Jersey based owner says that more than $9000,000 as tax backlog, fines and interest will be paid before the property goes up for auction in the [...]

Foreclosures in the subprime market have nose-dived. The news media are choking with information. The sub-prime was set up to help the low-income group or those with bad credit history. But it is this group’s dream houses are crumbling like sand castles. But mortgage representatives as well as the Federal Reserve Bank have rushed in [...]

Mortgage defaulters who are facing foreclosures are waiting for help from Washington. The authorities however have taken a wait and watch stand to the fallout resulting in years of lending practice without being backed by sufficient credibility. The market is showing signs of self-recovery and the overall economy seems to remain untouched. At this point [...]

When buying a property it is very important that the buyer of the property is not in any way taken advantage of by the lending institution. It may happen that sometimes smaller lending institutions may try to take advantage of the borrower’s situation and charge a higher rate for the mortgage or any other discrepancies [...]

The 30 year fixed rate home loan is probably the most common type of home mortgage loan offered by lenders today. A 30 year fixed rate home loan is popular with both lenders and borrowers because it has stable interest rates and stable periodic payments for the entire term of the loan. The stability of [...]