Foreclosure News - Foreclosure Articles Updated Daily!

May

Lure Buyers at No Extra Cost

In cities like San Diego, the number of homes entering foreclosures is rising steadily. As a troubled homeowner, one of the options you can explore is putting a ‘for sale’ sign in front of your yard and hope that buyers will stumble on your property before the re-instatement period is up.
You should know that [...]

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May

Successful Online House Browsing

If you are tired of renting an apartment or simply ready to take on mortgage payments; the first logical thing that you will do is browse for a house. You might wonder how seasoned buyers and investors manage to get their selves in the right position at the right time. The answer is simple. They [...]

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May

Michael Jackson’s Neverland Saved From Foreclosure

The famous Neverland Ranch, of the entertainer Michael Jackson, was saved from a foreclosure sale set for this week after a loan on the California property was sold to a large real estate investment firm called Colony Capital. Michael said the loan is about $23.5 million and it had been held by Fortress Investment Group. [...]

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May

Foreclosure Prevention Tips

For those facing foreclosure, it can be very difficult to know what to after receiving a Notice of Default, unfortunately, most people make the worst mistake possible, which is to do nothing and hope for the problem to somehow work itself out. The truth is, if you don’t deal with your foreclosure right away, the [...]

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May

Maryland Sees Huge Increase in First Quarter Foreclosures

Maryland, despite the state government’s efforts to create foreclosure prevention services for citizens and to hold bankers and lending organizations accountable for the housing crisis, saw its first quarter foreclosure statistics rise drastically, as more than 11,000 homes were foreclosed on in the first part of the year.
Now, roughly 1 in every 200 homes in [...]

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May

Is Project Lifeline Reaching Homeowners in Need?

After the federal government announced Project Lifeline, a program that offers homeowners the chance to slow the foreclosure and default process and get a chance to catch up with their loan payments, many homeowners rushed to take advantage of its benefits. However, while the program does have some benefits and can help homeowners renegotiate loans [...]

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May

Partial Passing of Housing Rescue Bill

The United States House of Representatives passed a bill today by a vote of 239 – 188 to send $15 billion dollars to states for the purchase and renovation of properties in foreclosure. The Democrats are rallying to stop the foreclosure crisis and come to the aide of families and homeowners who have fallen [...]

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May

Homeowner Frustration on the Rise Due to Foreclosure

It’s logical that the rising trend in foreclosure houses nationwide would lead many homeowners to become extremely frustrated and distressed. Losing a home and dealing with an adjustable rate mortgage that seems to only work against you has to be an incredibly taxing and frustrating experience. And now officials are seeing a new trend among [...]

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May

Colorado’s Infamous Weld County Forms Foreclosure Counseling Forum

Colorado has long had a reputation as one of the state?s with the highest inventories of repo properties, and for a long time there foreclosure situation was one of the worst in the country. But in an effort to battle that trend, the Mayors of several cities in Colorado have come together to form the Weld County Mortgage Assistance and Counseling Forum.

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May

Frank Warns Lending Industry not to Oppose New Foreclosure Assistance Legislation

US Financial Chairman Barney Frank warned lenders Monday that the new legislation proposed before the House that would require lenders to trim down the debt owed by some homeowners in danger of foreclosure so that refinanced loans for those borrowers could be sponsored by the federal government was their last chance to help the housing crisis before the government imposed tougher legislation that could hurt lenders severely.

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