Repo House Listings and Real Estate Foreclosure Information

November 20th, 2009

Another type of trouble is brewing for unwary borrowers – even after refinancing a foreclosure notice can come thanks to the bouncing of cheques issued by title companies. The borrowers are left to face trouble when due to no fault of theirs the refinancing cheques are bouncing.
One of the victims is [...]

November 19th, 2009

Increases in foreclosures are prompting class action legal suits in Florida, North and South Carolina similar to the ones started in California and Arizona. The allegation has been false inflation of price.
A house owner in Central Florida after being pushed into foreclosure filed a legal suit (class action) against KB Home [...]

November 18th, 2009

The housing boom was the result of a tie up of understanding between speculators, investors, bankers, administration and politicians. It led to borrowers being taken for a ride that ultimately led to the expediting of the foreclosure crisis and the Great Depression.
Experts hired by Hillsborough County administration had repeatedly warned that [...]

November 17th, 2009

South Florida is riddled with underwater mortgages – the loan amount being heavier than the worth of the property. This is causing many borrowers to walk away from the loan leaving the lender with no other alternative but to foreclose and take legal possession of the unit. With the social stigma [...]

November 16th, 2009

Housing advocate Bruce Marks is taking foreclosure assistance on bus tours. With a smile he nicknamed himself as a non-violent-bank-terrorist. He is the head of Neighborhood Assistance Corporation of America. Marks has taken many hundreds to the mansion where John Mack the CEO of Morgan Stanley lives in Westchester County [...]

November 13th, 2009

Washington Mutual, the symbol of the foreclosure crisis, continues to be in trouble even after take over by JPMorgan Chase,
Some sections of a jumbo legal suit pertaining to securities fraud practiced allegedly by Washington Mutual – a spillover from its collapse in 2008, seems to surviving. USA District Judge Marsha Pechman said, [...]

November 12th, 2009

Today house owners are posing themselves the question about what will happen if they do not pay their mortgage dues. Many do not realize that the consequences may be grim.
As per the findings of First American CoreLogic nearly a third of all the mortgages in South Florida are underwater – the house [...]

November 10th, 2009

The US economy is on a tailspin what with people losing jobs. As unemployment peaks, people are faltering on mortgage payments. Hence, foreclosures have become common. Now the Federal government has come up with a new scheme – Making Homes Affordable program – to help homeowners. As a part of this [...]

November 9th, 2009

Foreclosures are continuing and putting a question mark on recovery. Some experts feel that the recovery will only be temporary. A government report will give a clear picture about the condition of the economy following the worst crisis since the time of the Great Depression. During the last third quarter there [...]

November 6th, 2009

The White Plains foreclosure case ruling has sent out stern warnings to lenders. The USA Trustees of the Justice Department has taken great interest in the case. It has registered itself as an interested party.
A borrower living in her home had purchased the house in 2001 after contracting a mortgage with Wells [...]