Repo House Listings and Real Estate Foreclosure Information

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 [...]

November 4th, 2009

Foreclosures are victimizing apartment dwellers. One of the victims is Rafael Matos residing in Dorchester. He had been residing in this Brook Avenue apartment for the last four years and has never failed on paying his rent. His landlord too has never complained. Little wonder then that the eviction notice took [...]

November 3rd, 2009

Yvettee Ziegler was one of the many who had a good office job and lived in a rented apartment. She thought owning a unit seemed a pipe dream. But the Nehemiah project has made her dreams come true. It is an affordable housing plan that is run by a church. Today Ziegler [...]

October 30th, 2009

The staff of Bank of America are given a dose of reminder each day of how many miles they sill have to go to reach their goal. Outside the elevators of this massive office building in Plano, Texas on the fringes of Dallas is a thermometer made of cardboard. It inches forward [...]

October 29th, 2009

It is there for all to see – the aftermath of the housing boom is being followed by the foreclosure doom in Homestead.
Two of the victims are Alexandra and Waldo Cruz. They were lured into buying the cute property in Homestead with three bedrooms, two bathrooms and a garden during the time of [...]

October 29th, 2009

Millions of Americans are set to lose their homes during the forthcoming years. The administration is gearing up to tackle the menace of foreclosure scams that are keeping pace with increase in foreclosure numbers. Lawyer Michael Chung referred to it as a “tidal wave” of foreclosure rescue scams. He said, “We [...]

October 28th, 2009

None involved in a foreclosure ever want to go anywhere near the process once again – not the borrowers, or lenders or the judges presiding over the cases. The civil courts are clogged with staggering number of foreclosures.
In Midami-Dade, Monroe and Broward counties are sitting on 135,000 foreclosures this year as [...]

October 27th, 2009

Right across the nation individuals as well as groups of sufferers are legally challenging the lenders for activating predatory lending that ultimately led to the foreclosure crisis.
Wells Fargo is facing such suits because one of the banks Wells Fargo has lately taken over started the option ARM loans. By these the [...]

October 26th, 2009

Contrary to popular view the CEOs are not just wallowing in bonus and perks but foreclosures have made life for them expensive and fraught with fear.
Firms have been cutting down roots and branches to somehow survive through this recession and yet they are being compelled to spend huge sums on the [...]

October 23rd, 2009

Many are talking about recession being over but with foreclosures and unemployment continuing unabated it is raising doubts. There are heart rending scenes all around. A grandmother and her two small wards had just carted eggs, milk, bottled water and other bare essentials when her credit card was refused after being [...]