Articles about repossessions

Rising foreclosures are seeing the emergence of a new kind of transaction: the short sale. Unheard of even until a few years ago, these sales involve homeowners selling their homes for less than the amount of their mortgage. The sale is carried out in agreement with the bank, to avoid a foreclosure.

In the Hamptons, [...]

January showed an all time increase in the rate of home foreclosures recorded for this year till date. The Oakland county officials stated that this month saw the highest among all other months’ records.
January ’08 posted the highest number of foreclosures. At 949 foreclosure cases, it was 200 cases more than those posted in January [...]