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 [...]

One can hear the clink of the sword – it is expected to be brandished any moment. The Bush administration has come to an understanding with jumbo lenders and a freeze will be announced for five years. These are the lines of expectation. No details are as yet available. The reaction to the news in [...]

Michigan ranked 6th in the country with 15,565 foreclosure in some stage of foreclosure or the other. It showed an 11% rise above July figures and a 126% high jump from the month of August in the previous year. The numbers tagged to Michigan are inclusive of 3,534 units that went into delinquency, 6,572 that [...]