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Colorado Foreclosure Rate Rises in First Quarter

The first quarter of 2008 saw another surge in foreclosure homes in Colorado, as the state’s overall foreclosure rate rose more than 23% over the statistic totals for the first quarter of 2007. The 11,630 foreclosure filings that occurred during the first three months of the year was also 6% higher than the totals for [...]

California Seeing Near record Foreclosures

The foreclosure crisis in California is spiraling out of control, many experts say in regards to a new report released showing that foreclosure filings in California are now in excess of 500 per day.
Foreclosure filings in the first quarter of 2008 totaled over 47,000 statewide, marking a 49% rise over the total of 31,000 [...]

Mortgage Delinquency Risk Up

A new study released by a real estate data analysis firm known as CoreLogic has found that the risk of mortgage delinquency is up in 2008, which projects more defaults and subsequent foreclosures for the nest year. The report is based on the Core Mortgage Risk Monitor, a system which projects foreclosure risk based on [...]

Boise Sees Growing Rates of Foreclosure Homes

Boise, Idaho has been no stranger to the effects of the national foreclosure surge, and it seems that things may be getting worse for the city. Ada County, of which Boise is the seat, saw 200 foreclosures in April of 2008, while in April of 2007 there were only 42. This represents over a 400% [...]

Foreclosure Rate Rises 4% from March to April, Sets Record

April saw the continued rise of foreclosures across the country, as the national foreclosure rate has risen by almost 65% over April of 2007, indicating the climbing number of defaults and subsequent foreclosures being experienced nationwide. The climbing foreclosure rate has risen a lot of worry about homeowner safety and the economy, but now it’s [...]

Stop Foreclosure Today!

It has been observed that homeowners facing foreclosure are hardly ever prepared for losing their home. In fact, very few homeowners are smart enough to plan in advance about the prospect of foreclosure.

Foreclosures can happen for many different reasons. Besides people who knowingly become a part of a mortgage fraud and have the intention [...]

Foreclosure and Crime

Distressed homeowners have more than one reason to worry now. Slavic Village, an economically backward neighborhood in Cleveland, has gained the dubious reputation of being the worst neighborhood in the country for foreclosures. According to a report released recently, it was found that Slavic Village recorded the highest number of foreclosure filings in a single quarter than anywhere else in the nation!

NY State Senator Seeks to Hold Lenders Accountable

In New York, one state lawmaker is pushing for new legislation that would be aimed at not allowing foreclosures to destroy a neighborhood or community by sitting on the market unowned and uncared for. This tends to drag down home values in nearby communities, and can lead to even more foreclosures as a result.

State senator [...]

HUD Secretary Bernardi Calls for Compromise on Foreclosure Bill

In a new update on the highly controversial anti-foreclosure bill that was passed by the House of Representatives, which would award states 15$ billion to care for and rehab foreclosed homes, HUD secretary Roy Bernardi announced that a compromise could be made, breaking line from the White House’s stance that they would veto the bill [...]

Cleveland Sees Half of it Sub Prime Mortgages go to Foreclosure

A local Cleveland newspaper covering the foreclosure crisis in the area called the Plain-Dealer released an alarming new report on the sub prime mortgage market in the city. The report indicated that of all the properties bought with sub prime mortgages in the year 2005 in the Cleveland area, about half those homes have now gone into foreclosure, a staggering fact that points to just how badly the sub prime mortgage market has affected the real [...]