Foreclosure Crisis
More Foreclosed Homes Expected in California Suburbs
More foreclosed homes are expected to flood the housing market in the suburbs of California’s Riverside County, according to housing tracking firm ForeclosureRadar, newspaper North County Times and California housing analysts.
Foreclosure Listings Still Growing Despite Hope Now Efforts
Despite large numbers of successful mortgage modifications, foreclosure listings across the nation are still growing, according to the Hope Now alliance. The alliance modified and refinanced almost 250,000 mortgage loans in February. Hope Now is a coalition of HUD-approved housing counselors, mortgage lenders, housing advocates and investors who are working together to stop the growth of foreclosure listings.
Homeowners Voice Out Opinions Against Foreclosures
Different independent organizations, churches, communities and families are rallying together to prevent foreclosures. Following the increase in New York foreclosures and in other areas such as California and Florida, more and more are being aware that having a foreclosed home is not entirely the homeowner's fault. In fact, foreclosure cases may well be an effect of the worsening economic crisis the US is currently facing.
Arizona City Suffers the Wrath of Foreclosure
Mesa, Arizona’s third-largest city which has a population of 452,933, has been hit hardest by foreclosures.
Homeowners Facing Foreclosure Demand Proof of Mortgage Ownership
As Florida foreclosures continue to soar, homeowners have found a way to delay lenders from taking over their distressed properties: proof of mortgage ownership.
Obama Unveils Bailout Plan to Rescue Foreclosures
In his first primetime news conference as newly-elected president, Pres. Barack Obama expressed his goal of helping the US economy recover from its current situation. His administration has an economic stimulus plan that is directed at allocating rescue funds to provide aid to homeowners facing foreclosure threats.
Loan Modification Myths Dispelled for Homeowners Facing Foreclosure
A list explaining several issues concerning loan modification has been released by consumer advocate Ralph R. Roberts of Federal Loan Modification Law Center. The list tries to provide facts to correct common misconceptions about loan modification to better educate and inform homeowners to help them avoid foreclosures.
Proposed Reforms to Help Homeowners Hit by Georgia Foreclosure
The series of reforms contained in the Senate Bill 57, which was proposed by a group of legislators, aimed to curtail the flood of Georgia foreclosures and provide the local governments more power to address the problems caused by the increasing number of foreclosed homes.
Ghost Inventory: Sign of Worse Foreclosure Flood
The fact that it takes banks longer time to put repossessed homes back in the market is a sign that there are even more foreclosed homes to sell than what current statistics show.
Maine Real Estate Brokers and Agents Face the Effects of the Foreclosure Crisis
Who says large-earning real estate agents do not feel the economic depression especially with the enduring foreclosure crisis?
