Articles about Foreclosure

The report from a non-profit Urban Institute states that despite the presence of a powerful job market, the foreclosure numbers in the Washington seems to worsen in the months to come. According to the ‘Housing in the Nation’s Capital’, which is the annual update for 2009, “Washington’s relatively strong economy … moderates the impact of [...]

The San Diego County experienced a slight fall in the foreclosures in the previous month, however, the number of defaulters are increasing and the lenders are still; struggling to help those homeowners who are unable to repay their debts. According to the MDA DataQuick report, last month itself there were at least [...]

Bank of America struggle hard to alter the loans to stay ahead of the deadlines given by the government.
The employees have to keep a track of how much hard work they have to put in to meet their target. They have a cardboard thermometer located just outside the command center in third-floor. This thermometer helps [...]

The National Association of Realtors observed that sales of homes all over the western zone featured a major increase of approx 4% in the month of July as more purchasers tore up the foreclosure scenario and mainly the buyers buying homes for the first time also intended to take utmost advantage as this indicated a [...]

Few of the most expensive home Manatee County are now feeling the effects of the surging foreclosures. As per the court and tax reports a $2.8 million mansion along with a $1.1 million property in Hawks Harbor coupled with a $975,000 house in the neighborhood of Warwick Gardens along the University [...]

Till date lenders have modified approx 235,000 mortgages during the administration of Obama. Despite this, till date, the first few months of 2009 witnessed 1.8 million foreclosures. Due to the rising rate of unemployment, more homeowners are rendered jobless and that is impeding their attempts of loan repayments.

The Federal programs aiming at modification of loan structures to cut down on the foreclosures has not gained much success.

Foreclosures are found to increase sharply even in the Silicon Valley in the past month, mainly because banks again hiked the rate at which they used to sell homes taken from their respective owners behind on their payments.
In the month of June, there were 491 foreclosure cases, that were reported in Santa Clara County and [...]

With unpaid mortgages crossing $16 billion, cases of foreclosures continue to shoot up across Northern San Joa Quin Valley. Approximately 40000 homes have been foreclosed indiscriminately in Stanislaus, San Joaquin and Merced counties since January 2007. Stanislaus experienced a major foreclosing of 614 homes while the month of May witnessed 693 home foreclosures in San [...]

There are numerous such families like the Doyle’s who are in such a distressed condition and according to Craig Obama’s venture with loan modification has literally been unable to improve the conditions. Contrarily, a Chase representative, Jennifer Zuccarelli, commented that there has been some misunderstanding regarding the Doyle family case and [...]