Week Recap

Job losses fuel record foreclosures in the first quarter as delinquency continues amid job losses and unemployment. Ten percent of mortgage holders are overdue on monthly payments by 30 days or more. The unemployment rate is at 9.7 percent, down only slightly from 10 percent in the first quarter of 2010, with the largest unemployment [...]

Even though some areas in California have seen some signs of fewer foreclosures in the first quarter than in the last quarter of 2009 with a 40 % drop in notices of defaults (NODs), over 216,000 properties are affected in California which accounts for 23% of the foreclosure activity in the U.S. California homeowners average [...]

Today’s first foreclosure story is on the rapper Jay Z. It seems that Mr. Z, who’s real name is Shawn Carter. Back in the year 2008 he and a partner began a project to be known as the J Hotel in New York City and today a scant two years later the project is sitting [...]

There is a new rule out there that is affecting homeowners in a foreclosure avoidance program. It seems that the Obama camp has done a fairly major overhaul of the way that the foreclosure avoidance program works. The way it used to work was that when you, as a borrower, applied for the plan to [...]

Usually when we as Americans, think about a foreclosure we tend to think of a family or individual person who is facing the trouble. Occasionally and more frequently as of late we find business properties creeping into that number. We also usually think of college as sororities that give you clout and add to your [...]

Not only is living in California a problem for folks that are trying to keep their heads above water and keep the family homes intact. Now it appears that for those of us that might be enticed to head there for vacation or other reasons, finding a place to lay your head is now getting [...]

And you thought your bank was giving you grief. The First Of America Bank in the state of Nevada is seeking control of a very popular and prominent shopping center in Las Vegas claiming that the people in charge there have not turned over the rent monies that they had collected in a timely manner [...]

According to the Los Angeles Tiems Business Section there is a log of 1.7 million homes that are sitting in the wings waiting to hit the foreclosure market. These are homes that have been foreclosed upon to some degree but have not yet made it into the marketplace. Once this backup of homes is actually [...]