Foreclosure Crisis
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?
Immigrants Hardest Hit by New York Foreclosures
New York foreclosures showed some improvements in several boroughs such as Staten Island, Manhattan, Bronx and Brooklyn. However, at Queens, the number of foreclosed homes during the last quarter of 2008 remained high compared with the same quarter in of the previous year.
Obama to Spend Nearly a Third of the Remaining Bailout Money to Reduce Foreclosures
Larry Summers, top economic adviser of incoming US President Barack Obama, has assured House Financial Services Committee Chairman Barney Frank that the incoming president will commit up to $100 billion of the $350 billion Troubled Asset Relief Program financial bailout fund to help struggling homeowners avoid foreclosure.
Second $350 Billion of TARP: For Whose Foreclosure Program?
The outgoing Bush administration may request Congress to release the second half of the $700 billion Troubled Asset Relief Program fund allocated by Congress in October 2008 to help contain economic problems, especially foreclosure troubles.
