Foreclosures spare none – not even the brave young, staking their lives for the country abroad. Military and financial aid bodies are commenting that there are an increasing number of troops complaining about their failure to keep pace with mortgages and are facing risk of losing their hearth and homes to foreclosures. US troops are [...]

It is reads like a story book tale – except that it is true to life. Rick and Lisa Wain were shocked to find one fine day that their mortgage payment had spiked by $750 per month. They knew of course that their interes-only payment was to go up but they were hoping to refinance. [...]

In Dallas Fort-Worth the foreclosure postings are 19% higher than what it was in the previous year in the same month. More than 4,100 Fort Worth houses have been listed for the coming month. Dallas county has the largest number of foreclosures waiting in the wings – 1,814 houses. The biggest concentration is in Denton [...]

The Democrats have brought in a bill that if made effective will curb further foreclosures by changing laws related to bankruptcy. This was the opinion given by Senate majority leader, Harry Reid, Democrat from Nevada last Thursday. He apprehended that in all likelihood Republicans will block the bill. The test vote might extend up to [...]

Bush has given his signature on mortgage legislation, which aims to give financial relief to foreclosure victims. Hitherto if a mortgage debt was forgiven then it was considered to be income as it was taken to be a gain. But that will no longer be applicable – forgiven debts will not be taxed. Bush said [...]

Owning Houston Foreclosure Homes can be an ultimate life-long experience. Houston is the largest and the most populous city in Texas, US. It is a fantastic city to live in, and there are numerous attractions to keep you occupied during your weekends. Some of the main must see sites in Houston are: • The space [...]

Statistics is pouring in. Analysis varies Foreclosure numbers fell in November from what it was in October making many opine that the peak has been reached and the process of climbing down has begun. Has the market found something to stand on? According to predictions ‘about $500 billion in adjustable-rate-mortgages are due to reset at [...]

Banks are in a hurry to sell off repossessed houses that are nothing but white elephants. In the process the buyer might be lucky to pick up a bargain at 30% to 40% less than the price of few years ago. But that gain is cancelled when the tax is calculated not at the rate [...]