The recent statistics released show that delinquencies and foreclosures are increasing. Of all the outstanding mortgages 13% are either in foreclosure or about to slip in according to Mortgage Bankers Association. One of the reasons for this spike is the increase in delinquencies among traditional prime mortgages having fixed interest rates. Thus ultimately the market [...]

As the American real estate market goes through a tailspin, the number of foreclosures peaks. The consequences are there for everyone to see – banks taking over the foreclosed properties and the owners fleeing them. As a result, neighborhoods with vacant houses are a plenty in various counties. Crime is rampant in these neighborhoods. But [...]

News radio 106 in Philly fives us the story via the Internet of how the Sheriffs departments there are trying to help during this trying time for homeowners. They have teamed up with Chase bank to help slow the rate of foreclosures and to try and keep people in the homes that they already own [...]

Foreclosures in San Diego County are increasing but the default notices are showing signs of dropping. Foreclosures across March spiked by 23% while defaults that start off the foreclosure process dropped by 12%. These figures were released by MDA DataQuick on Friday 22nd March 2009. The figures surprised many pundits who had apprehended increase in [...]

Foreclosure news is taking precedence over all other issues – including those coming in from Afghanistan, Iran and South Korea. The international emergency that foreclosures have created poses a greater threat to the stability of the world than blood baths elsewhere in the world. This is the view of Joel p. Trachtman of Fletcher School [...]

There has been a dramatic increase in foreclosures in Chicago during the first quarter of 2009. The sub-prime mortgage crisis is not connected with this new flood. The reason is massive job losses that have compelled borrowers to default in their mortgage payments and suffer foreclosures. In the first quarter of the current year foreclosure [...]

Cheap foreclosed houses are drawing people like magnets. Within two years the value of a house in Glendale fell from $259,000 to $113,000. One in Phoenix dropped from $190,000 to only $45,900. It had cost $275,000 to build a house in Queen Creek in 2005. It was recently asking for $78,000. The entire real estate [...]

What an active week it has been in the real estate and foreclosure market in the United States. The most interesting news may well help some folks out of the financial bind that they are currently in. The Federal government announced that they plan to offer a “Second Lien Program” to help folks cope with [...]