Related News

One In 10 U.S. Homes Has Mortgage Arrears Or Facing Foreclosure Action
The number of U.S. homes which may likely be foreclosed this year is expected to jump to 3 million, said RealtyTrac. In 2005, only 800,000 houses were foreclosed at the peak of the real estate market. - Mon, 5 Jan 2009 08:39:37 GMT

Renters Can Find Out In Advance Of A Foreclosure And Eviction Notice If Landlord Is Paying Mortgage
Tenants who are paying rent can find out if their landlord is paying the mortgage months before a property enters foreclosure and a sheriff shows up with an eviction notice. - Sat, 27 Dec 2008 07:08:48 GMT

Advice for renters if landlord faces foreclosure
You're paying your bills, but your landlord isn't. This is becoming an all too familiar scenario for thousands of renters who have become the unintended victims of foreclosures.

Blog 'miracle' saves Christmas
A family facing foreclosure is anything but a unique story in these troubled economic times.

Blog 'miracle' saves Christmas for family
A family facing foreclosure is anything but a unique story in these troubled economic times. But for the Sampsons of Aberdeen, Maryland, the kindness of strangers -- boosted by the Internet -- made for a happy holiday.

4 tips on buying foreclosures
As home prices continue to skid and foreclosure rates soar (up a further 38% since the third quarter of 2007), some investors are on the lookout for outrageous bargains. Think you're ready to jump in?

Hope Now ramps up foreclosure prevention
Some 2.2 million at-risk homeowners will receive foreclosure-prevention help this year, according to an industry report issued Monday, with the number expected to rise to more than 3 million in 2009.

Economic Crisis Makes More K-12 Students Homeless Nationwide
The nation's foreclosure crisis has increased homeless K-12 students by more than 25 percent in at least 459 of the nation's school districts; an earlier report estimates the nation will suffer a future economic loss of over $1.7 trillion if the current recession drives another 3 million children into poverty. - Mon, 22 Dec 2008 10:36:29 GMT

Reaping repo rewards
As home prices continue to skid and foreclosure rates soar (up a further 38% since the third quarter of 2007), some investors are on the lookout for outrageous bargains. Think you're ready to jump in?

Foreclosure sites offer wide range of listings
Foreclosure search Web sites have grown increasingly popular as more would-be homebuyers have begun focusing on finding distressed properties.

'Angel' of foreclosure defense bedevils lenders
Amid the mortgage meltdown, Jacksonville, Fla., legal aid attorney April Charney has become a top expert in foreclosure defense. Mostly, she says, lenders have hung themselves.

When Foreclosure Limbo Becomes a Lifestyle
Millions face foreclosure uncertainty, unsure whether they'll get help from lenders or lawmakers.

When foreclosure limbo becomes a lifestyle
Vickie Lewis of Jacksonville, Fla., has been living in foreclosure limbo for more than four years. But she does not fit any stereotypes of today's troubled borrowers. Msnbc.com's Mike Stuckey reports.

Major hurdles remain to foreclosure relief
Courtney Scott's effort to save her modest Georgia home is a small example of the problem facing anyone who wants to craft a broad solution to the problem of rising foreclsures.

Foreclosures dip - but hold the applause
Foreclosure filings dropped 7% from October to November, according a report released Thursday. But don't break out the bubbly. The tide of foreclosures may be ebbing now, but the flood isn't over yet.

Foreclosures dip - but only a 'temporary lull'
Foreclosure filings dropped 7% from October to November, according a report released Thursday. But don't break out the bubbly. The tide of foreclosures may be ebbing now, but the flood isn't over yet according to analysts.

Bair Incurs Ire Of White House, Treasury Officials For Promotion Of Foreclosure Assistance Programs
FDIC Chair Sheila Bair's push for assistance to troubled homeowners incurs the ire of White House and Treasury officials. - Thu, 11 Dec 2008 06:59:02 GMT

FDIC Chairman Earns Ire Of Federal Officials For Pushing Too Much Foreclosure Assistance
Because of Sheila Bair's push for assistance to troubled homeowners, the chairman of the Federal Deposit Insurance Corporation has incurred the ire of White House and Treasury officials. - Thu, 11 Dec 2008 06:47:51 GMT

Foreclosure Storm To Hit The U.S. In 2009 As Filing Drop To June Levels
Irvine, California-based research firm RealtyTrac said in its monthly report that foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported on 259,085 U.S. properties during the month. - Thu, 11 Dec 2008 06:01:58 GMT

Foreclosures dip - but hold the applause
Foreclosure filings dropped 7% from October to November, according a report released Thursday. But don't break out the bubbly. The tide of foreclosures may be ebbing now, but the flood isn't over yet according to analysts.

Foreclosure relief unlikely until Obama in office
AP - With job losses mounting and lawmakers preparing to funnel money to Detroit automakers, a top House Democrat said Monday that a new government effort to help borrowers avoid foreclosure will have to wait until after President-elect Barack Obama takes office.

Regulators scratch heads over housing crisis
Reuters - The top U.S. banking regulators said on Monday that some of their foreclosure prevention efforts are floundering and that they have no agreed plan for the future, two years into a housing crisis that has dragged the economy into a deep recession.

Broader response to foreclosure crisis urged
AP - A top House Democrat threatened Monday to tie up the remaining half of the $700 billion financial industry rescue money unless the Bush administration provides some of it for borrowers facing foreclosure.

Broader response to foreclosure crisis urged
AP - More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said Monday.

Third Quarter Foreclosure Rate Jumps To Almost 3%, Delinquencies Surge To Record Level
Foreclosure rate in the world's largest economy increased by 2.97 percent as a record 1.35 million homes were in foreclosure in the third quarter, according to a report on Friday. - Fri, 5 Dec 2008 14:20:25 GMT

Les Choad
LeChoad.com
(413) 702-5880
  Click to email me