Archive for the ‘Foreclosure Auction’ Category

Cleveland Has Been the Epicentre of Foreclosures

Monday, February 2nd, 2009

Cleveland has been the epicentre of foreclosures for many reasons – the prime one being the collapse of the economy of the Rust Belt that led to massive unemployment. Also there was a fall in population. But some critics are not willing to totally buy this argument. They put the blame [...]

Popularity: 15% [?]

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The Sin City of Las Vegas Is Now Becoming the Foreclosure City of Tents

Wednesday, January 28th, 2009

Las Vegas is known as the Sin City. Today it has become the foreclosure city of tents. In Reno, about 200 people know the tent city to be their home.

The high-rise gambling casinos cast a shadow over the rows of tents – a mute witness to human indulgence on one side contrasted with suffering on [...]

Popularity: 19% [?]

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Afro-Americans Are Suffering the Most for this Foreclosure Crisis

Friday, January 16th, 2009

A financial crisis of jumbo proportions has hit America but it is the Afro-Americans who are suffering the most from the foreclosure catastrophe. Their community shows the highest rate of joblessness, unemployment and foreclosures.
Even firms that are owned by blacks are suffering. These companies are a source of revenue and employment for the Afro-Americans. Wayne [...]

Popularity: 19% [?]

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Congressional Panel Is Worried About Misuse of Funds Meant for Foreclosure Prevention

Tuesday, January 13th, 2009

Obama has already set his team ready to focus on foreclosure prevention measures giving hope to many that something concrete is going to be done. Meanwhile the Congressional panel is worried and concerned about misuse of funds meant for foreclosure prevention.

Half the funds allotted for TARP has been released but the Congressional Oversight Panel viewing [...]

Popularity: 19% [?]

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Increase in Foreclosure Activity is Leading to More Homelessness

Wednesday, January 7th, 2009

Officials are struggling to tackle the problem of families without shelter as increase in foreclosure activity is leading to more homelessness.

Many tales of woe are pouring in. Jill Maker of Lowell is pregnant and expecting her third child. Fate has suddenly turned against her and she is pending her days on the hallway of her [...]

Popularity: 16% [?]

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Washington State Will be Getting Help to Tackle the Forclosure Menace

Friday, January 2nd, 2009

As per an announcement by the federal government Washington will be getting help to tackle the problem of foreclosure menace. The assistance will be to the tune of $28.2 million to help the areas that have been worst hit by the foreclosure crisis. This includes Seattle and some parts of King County. HUD said that [...]

Popularity: 21% [?]

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Investors Are Turning Away From Foreclosure Auctions

Monday, December 29th, 2008

The majority of investors are turning away from foreclosure auctions. During ordinary times investing in foreclosure is risky. Today it is ten times more hazardous to bid in a foreclosure court auction.

First condition is that there must be ready cash in hand. The bidders have to put down 10% as soon as they win. The [...]

Popularity: 19% [?]

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New York Foreclosure Auctions Fall

Thursday, June 5th, 2008

For the second consecutive month New York foreclosures have registered a fall. This shows that more aware borrowers hand in hand with understanding lenders have had an impact on the numbers. House owners are fast educating themselves and lenders seem more amenable. The number of auctions in New York City went down for the second [...]

Popularity: 71% [?]

Posted in Foreclosure Auction | 3 Comments »