Foreclosure News and Information
From the monthly archives:
Second wave of foreclosures – Santa Rosa Press Democrat
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Second wave of foreclosures
Santa Rosa Press Democrat, CA By MICHAEL COIT A new wave of foreclosures is building in Sonoma County, one that echoes the subprime crisis that flooded the region's housing market with distressed properties. The tide of troubled loans, which first struck high-risk borrowers who did … Ticking timb bomb for borrowers in pay-option loans |
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Renters caught in foreclosure mess – San Francisco Chronicle
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Renters caught in foreclosure mess
San Francisco Chronicle, USA A: Unfortunately, renters are often innocent victims of the mortgage foreclosure crisis. Despite laws requiring otherwise, owners facing foreclosure are not likely to maintain rental properties and often use the tenant's security deposit on mortgage … |
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Receiverships grow amid foreclosures – Arizona Republic
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Receiverships grow amid foreclosures
Arizona Republic, AZ Tenants living or working inside properties in foreclosure or bankruptcy are like innocent bystanders in a financial shootout. The receiver's job is to make sure they don't get hurt and to protect the property's future revenue-generating potential. … |
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Avoiding Foreclosure – New York Times
 New York Times |
Avoiding Foreclosure
New York Times, United States HomeSaver Advance loans continue to be a viable foreclosure prevention solution, Ms. Bonitatibus said. But she added that other strategies especially loan modifications like those recommended in the government's Making Homes Affordable program … |
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Regatta at Sailboat Bend faces foreclosure – Bizjournals.com
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Regatta at Sailboat Bend faces foreclosure
Bizjournals.com, NC The developer of the Regatta at Sailboat Bend townhouse project in Fort Lauderdale is facing foreclosure. On May 20, Mercantil Commercebank filed a foreclosure action against Fort Lauderdale-based Regatta at Sailboat Bend North and managing members Lee … |
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A foreclosure unleashes horrors – and laughs – Philadelphia Inquirer
 New York Times |
A foreclosure unleashes horrors – and laughs
Philadelphia Inquirer, PA Foreclosure is imminent. Sadly for perky banker Christine Brown (a game Alison Lohman), a powerful curse is imminent, too. Sylvia Ganush (Lorna Raver), the unpleasant hag getting her eviction papers, may not have money to pay her bills, but she knows … 'Drag Me to Hell' will get your pulse racing A Bit of Advice: Go to 'Hell' Drag Me to Hell (2009) |
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Distressed Homes, Distressed Values – Washington Post
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Distressed Homes, Distressed Values
Washington Post, United States What would your home be worth if there weren't all those foreclosure sales, dragging down prices? It's a natural question for any homeowner who is not in default, not upside-down on a mortgage and not willing to sell at a desperation price. … Investors Look to Buy $100M of Foreclosures |
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Program to reduce foreclosed property – Atlanta Journal Constitution
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Program to reduce foreclosed property
Atlanta Journal Constitution, USA This week we turn the spotlight to the Georgia Dream NSP Purchase Program, a forgivable second mortgage program of up to $14000 for qualified purchasers of foreclosed homes in certain counties in Georgia. As with any targeted loan program, … |
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Bank of America files foreclosure suit against Kenwood Towne Place – Bizjournals.com
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Bank of America files foreclosure suit against Kenwood Towne Place
Bizjournals.com, NC It is seeking foreclosure and sale of the property, and has asked the court to appoint Cleveland-based Forest City Commercial Development as receiver. The suit lists 87 contractors, lienholders and investors as defendants. More than 180 parties were … |
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Mortgage Delinquencies, Foreclosures, Rates Increase – Bloomberg
 Boston Globe |
Mortgage Delinquencies, Foreclosures, Rates Increase
Bloomberg By Kathleen M. Howley May 28 (Bloomberg) — Mortgage delinquencies and foreclosures rose to records in the first quarter and home-loan rates jumped to the highest since March this week as the government's effort to fix the housing slump lost momentum. … More prime, fixed-rate mortgages heading into foreclosure Report: Record 12% Of Homeowners Behind In Mortgage, In Foreclosure US foreclosures take record leap |
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