Foreclosure Crisis
Homeless Children: Innocent Victims in the Foreclosure Mess
The current problem in the mortgage industry has resulted to millions of homeowners losing their homes to foreclosure. And if this is not enough to weaken the national economy, the recent Wall Street meltdown has certainly made everything worse for the housing industry. Sadly, children belonging to families who lost their homes to foreclosure are among the innocent victims.
Fake Foreclosure Rescue Operations Rising
The national foreclosure crisis did not only result in large inventories of repossessed properties for sale in the market and declining home prices. It also gave rise to a growing number of homeowners who are scammed out of their money and homes by fake foreclosure rescue operations.
Foreclosure Crisis Worsened by Fraud
In Maryland, residents of a small community can not help but discuss the current foreclosure crisis being experienced, both nationally and locally. And along with the news of the worsening problem in the mortgage industry is the increasing incidence of foreclosure fraud.
Ambiguous effects of Housing Bill for Indebted Home-owners in Columbia, South Carolina
The rising interest rates combined with an uncertain economy is rendering many borrowers insufficient to repay neither their mortgages nor the mounting interests on them and has forced them into the uneasy position of making their homes into foreclosures. With this number racing towards the million mark, it was about time too that the Senate did something about it.
Foreclosure Crisis in South Carolina
People in South Carolina are not receiving many help from the local government in saving their homes falling prey to foreclosures. Statistics show a drastic increase in South Carolina foreclosure homes over a period. The number of foreclosure homes in South Carolina last month was 1063. It means that there was a foreclosure home in 1,859 households in the state, as reported by RealtyTrac whose business is selling data to investors and mortgage [...]
Housing Bill Momentum Slowed Down by Senate Issues
When the Senate voted on the controversial housing rescue plan, it received overwhelming support. But sadly, the likelihood of it becoming a law soon is reduced because of some problems coming from another unrelated proposal.
Foreclosure Crisis and the Possibility of a Recession
Over the last two years, the number of foreclosure filings recorded nationwide have reached more than two million. During the first year, many analysts were really not that worried and believed that the market will soon correct itself.
Opportunities Abound in Foreclosure Crisis
A couple of years ago, Bay Area properties are considered to be among the most expensive homes in the state. But thanks to the present foreclosure crisis, buyers looking for affordable homes in this city are now provided with plenty of amazing opportunities.
Foreclosure Prevention Tip: Look Ahead
For the last couple of years, the housing industry has suffered much from the growing number of homes entering some stage of foreclosure. It is not enough that there are so many foreclosure homes for sale in the market but the large supply has directly affected home prices. Many homeowners are worried that if this foreclosure crisis keeps up, their homes will no longer be considered an asset and rather a liability.
Pawlenty Vetoes Foreclosure Bill
While many people watched to see what Minnesota Governor Tim Pawlenty would do with the new Foreclosure Rescue Bill that was passed by the state Senate and put before his office, Pawlenty ended up doing as Republicans would have expected him to do by vetoing the measures, despite calls from citizens to save the state’s foreclosure victims.
