Subprime Mortgage Foreclosures Have Affected the Financial Meltdown
The title of the “Anatomy of a Meltdown” in an issue of The New Yorker magazine was rightly apt for the current financial crisis sweeping across the nation. Federal Reserve Chairman Ben Bernanke and other experts last year were quick to say that the blossoming issues on subprime mortgages and foreclosures would easily be contained. [...]
Continue Reading: Subprime Mortgage Foreclosures Have Affected the Financial MeltdownBenefits from Foreclosed Homes for Bargain
After going through a rough foreclosure, a property or home may sell in the market for a very minimal fraction of its original value than its original. According to a realtor, more and more homes are being listed for foreclosure. In Hamilton alone, during Thanksgiving, almost 900 Real Estate Owned homes have been for sale. [...]
Continue Reading: Benefits from Foreclosed Homes for BargainMichigan Bill on the Way to Avoid Foreclosure
Tracy Hunnicutt, a resident in Detroit, was very devastated as she was evicted by her landlord due to foreclosure. The 42-year old lady said she pays the rent promptly and in spite of having a written contract, she and her daughter were forced to leave the house on Tuesday. Sen. Hansen Clarke passed a bill [...]
Continue Reading: Michigan Bill on the Way to Avoid ForeclosureNationwide Foreclosures Soared 25% From 2007
Nationwide, the number of foreclosed homes increased by 25% to nearly 280,000 in October this year from October 2007, according to foreclosure tracking firm RealtyTrac. One unit in every 452 homes was in a foreclosure proceeding.
Continue Reading: Nationwide Foreclosures Soared 25% From 2007Addressing Foreclosures Key to Bleeding US Economy
The US economy has continued to bleed causing a major crisis to the housing, insurance and automotive industries. But the highest impact to economy right now is in the area of real estate which has been beset with soaring rates of foreclosures in several states. Economists, organizations and individuals have been frustrated with the seemingly lack of action from the government and financial giants to stem the flow of foreclosures.
Continue Reading: Addressing Foreclosures Key to Bleeding US EconomyChildren’s Aid Society Helps Mother and Daughter with Foreclosure
Celestee Young Tate, 43, mother of a nine-year old girl named Shanelle does not have any idea about foreclosures until it changed her life. The mother and daughter have been practically living alone since Celestee and her husband, Shanelle’s father, separated. The Tates shared an apartment with another family until Celestee was granted a salary increase from her temporary work.
Continue Reading: Children’s Aid Society Helps Mother and Daughter with Foreclosure60 Percent of Homeowners in 6 States Are Facing Foreclosure Threats
An estimated 60 percent of homeowners in Arizona, California, Florida, Georgia, Michigan and Nevada owe mortgages to banks more than the market value of their properties.
Continue Reading: 60 Percent of Homeowners in 6 States Are Facing Foreclosure ThreatsMichigan Should Leave Foreclosures to Lenders
Michigan Governor Jennifer Granholm’s plan to suspend the foreclosure process through legislation would have unintended consequences. It would lull homeowners into false security about their homes, making them postpone plans to find help. It would also force lenders to reject most potential homeowners.
Continue Reading: Michigan Should Leave Foreclosures to LendersPennsylvania and Michigan Threatened by Foreclosure Problems
The U.S. economic crisis has taken its toll on real estate ventures. The hardest hit is California, Florida and Nevada. Although the problem is not as severe, Lehigh Valley and Northampton housing problems have led to Pennsylvania foreclosures.
Continue Reading: Pennsylvania and Michigan Threatened by Foreclosure ProblemsSeattle Foreclosures Still Below Other Cities’ Figures
Foreclosures in the Seattle area increased in October this year but were still below foreclosure figures in other cities, according to RealtyTrac, a leading foreclosure property marketer.
Continue Reading: Seattle Foreclosures Still Below Other Cities’ FiguresAbout Us
We are the leading provider of foreclosure news, tips and articles in the foreclosure market
Most Visited Posts
- Colorado’s Infamous Weld County Forms Foreclosure Counseling Forum
- How Does Foreclosure Work
- Atlanta Foreclosure Homes a Rising Problem for the People of Atlanta, Georgia
- Foreclosure Home Auctions Generate Millions in Home Sales
- Tax Lien Foreclosures: A New Way to Buy Repo Property
- Boston Provides Free Legal Advice to Owners of Distressed Properties
Archives
Categories
Other Informative Foreclosure Blogs
Sponsored Links:
Resources
- Bank Foreclosures
- Foreclosure Homes for Sale
- U.S. Department of Veterans Affairs
- Pre-Foreclosures
- Foreclosure Listings
- Fannie Mae
- Bank Owned Homes
- Freddie Mac
- Cheap Houses for Sale
- Foreclosure Auction
- Repo Homes
- Distressed Properties Sale
- Foreclosures by State
- How Does Foreclosure Work
- Tax Forclosures
- Modified Mortgage
- Foreclosure 101
Foreclosure Homes by State
- Texas Foreclosure Homes
- Florida Foreclosure Homes
- North Carolina Foreclosure Homes
- Michigan Foreclosure Homes
- South Carolina Foreclosure Homes
- Georgia Foreclosure Homes
- Massachusetts Foreclosure Homes
- Illinois Foreclosure Homes
- Colorado Foreclosure Homes
- Tennessee Foreclosure Homes
- California Foreclosure Homes
Foreclosures by State
- California Foreclosures
- Florida Foreclosures
- Georgia Foreclosures
- Michigan Foreclosures
- New York Foreclosures
- Texas Foreclosures
