| Foreclosure Homes Articles |
| July Pre-Foreclosure Filings Hit Record Level |
8/13/2008 5:56 AM |
| According to data gathered by ForeclosureS.com, the number of foreclosure filings for the month of July has surpassed previous months' records both for national and at least fourteen states. Americans at risk of leaving their homes due to foreclosure has increased by 7.8 percent from last month and 88.62 percent from last year. |
| Helping Distressed Borrowers Avoid Foreclosure |
8/12/2008 6:27 AM |
| When the problem in the mortgage industry deepened, it left in its wake millions of homeowners facing their worst nightmare – foreclosure. Not only are these homeowners are dealing with the monetary loss but also emotional and mental distress over the loss of their home. Most of them have no idea what to do and could only bottle up their troubles because of embarrassment and frustration. |
| Can the New Housing Bill Fix the Foreclosure Mess? |
8/11/2008 9:11 AM |
| When the $300 billion housing bill was signed into law last week, many experts and analysts are torn between whether it will be able to fix the mess left by the foreclosure crisis. |
| Mortgage Servicer Cited in Foreclosure Lawsuit |
8/6/2008 9:07 AM |
| Real estate experts have always advised troubled homeowners to immediately contact their lenders if they are having problems with mortgage payments. This is actually an effective way of avoiding foreclosure. Unfortunately, a couple did not expect that they will experience a problem with their mortgage servicer and caused them to lose their Boston home to foreclosure. For this reason, the couple decided to file a lawsuit. |
| Maryland Judge Organizes Foreclosure Support Group |
8/5/2008 7:33 AM |
| Across the nation, millions of homeowners are struggling with their mortgage debts and a significant percentage of them are losing the battle. In Maryland, the continued rise in the number of foreclosure homes has even prompted a Courts of Appeal chief judge to urge non profit organizations, local officials and individuals to help these troubled borrowers. |
| Newly-Approved Housing Bill Considered as Good Band-Aid |
8/1/2008 9:38 AM |
| Finally, there is hope for troubled homeowners. The very controversial foreclosure housing bill, signed by President George Bush last Wednesday, is considered to be the a good band-aid since it is the first major step that the government has taken to address the foreclosure crisis. |
| Bush Signs Foreclosure Rescue Bill |
7/30/2008 9:33 AM |
| In the last ditch effort to address the foreclosure rise as well as the decline in home prices, US President George W. Bush finally signed the very controversial housing bill that basically involve a foreclosure rescue package. It actually took a long time for this bill to be approved as never-ending debates waged on between legislators. |
| San Francisco foreclosure homes: A Business Opportunity |
7/28/2008 7:25 AM |
| There has been a rise in San Francisco foreclosure homes for quite some time now. This is owing to the fact that number of home loan defaulters has increased to a great extent as in comparison to the previous year. Market has been down and the number of people losing jobs has gone to a rise. This has led to a poor credit rating of people, and they end up either re-financing at much higher interest rates or lose their homes. The problem is not for the middle class people alone, even the millionaires feel the crunch. Most of them have forecasted that they will lose their real estate to San Francisco foreclosures by this year ending. The statistics show that people from all strata are bound to suffer due to the slow market. |
| Foreclosure Home Sales Up |
7/25/2008 8:42 AM |
| Housing market conditions have still not recovered and it is only expected that existing home sales remain to be sluggish. But surprisingly, most of the properties being sold are foreclosure homes. |
| Foreclosure Scams Claim Another Victim |
7/24/2008 8:16 AM |
| Distressed homeowners facing the possibility of foreclosure are being targeted by unscrupulous individuals and companies under the guise of offering foreclosure help. Another couple in California has actually fallen victim to a foreclosure scam that involved paying a small fee in exchange for stopping foreclosure. |