Articles about Foreclosure Crisis

John T. Adams, the developer Crabapple Mercantile Exchange in Milton and Ellard Village in Alpharetta, the twin suburban retail centers in Atlanta‚ paid deep attention to the minute facts like wooden overhangs, historic-looking brick facades and wrought-iron fences. Recently, however both the projects went into repossession by Flagstar of Troy, Mich, his bank.
However, the conditions [...]

Currently there has been a substantial amount of debate on the fact that foreclosures, currently are affecting the up-market, as they no longer remain a problem only for the sub-prime of mortgage segment. This indicates the prevalence of foreclosures among the mid- to high-end market segments. This assumption is true to some extent, as during [...]

The Bell and Coryell county homes are supposed to receive aid from the combined contract of the ‘Fort Hood Area Habitat for Humanity’ with the state through a contract worth $1.75 million. According to this contract the Habitat will rehabilitate the various properties and make them affordable for the families with lower incomes.
The tabs on [...]

In the last few months more home buyers are backing out from the excess flood of distressed properties whose lower prices increased their sales figure greatly. There has been a 7.2% hike since in June the 1999 records were broken. At least one third of the 5.24 million properties that were [...]

The prime loans mortgages are regarded as less hazardous to the subprime loans that are considered to be responsible for majority of people going homeless as they failed to repay their debts and unemployment added to their miseries. Richard K. Green, the ‘director of the University of Southern California Lusk Center for Real Estate’ observed [...]

Presently the filings of foreclosures in the U.S. have crossed approximately 300,000 for the 6th month at a stretch. This is primarily the result of the increasing rate of unemployment that has prevented the homeowners from paying their debts. The number of properties receiving an auction notice figured to at least 358,471.
Compared to last year’s [...]

The region of Avondale experienced a home sale at $165,000 while the original price of the house was $416,000. The reason behind such a drastic fall in the prices is the aspect of fixture theft in the various regions as the thieves are making a profit out of it.
John Lincoln, the real-estate agent selling such [...]

The two reports that published last week smother a sobering image for the land and local economies as associated to redundancy and property foreclosures.
According to RealtyTrac, The figure of foreclosures on the Alabama possessions in the month of March was high 217 percent from the month earlier, which pointed out that there were 2,260 foreclosures [...]

After the sweeping victory of Barack Obama in the US presidential election, people are expecting a positive change in the real estate. The problem of US home foreclosure has left a devastating mark in the real estate market. The homeowners are at a real stake. President Obama has several plans to get done with this [...]

Roger Pollock, the owner of the Buena Vista Custom Homes, Inc. based in Lake Oswego has reported that the Sterling Savings Bank has issued foreclosure notice on 15 of his properties. Pollock happens to be one of the well-known and largest builders of Poland. He owns the credit of constructing a large number of homes [...]