Repo House Listings and Real Estate Foreclosure Information

October 15th, 2009

The recent bad reputation of the Florida branch of ACORN is hampering its foreclosure prevention and other related activities. The government officials are avoiding the organization following the national reaction from the exposure of certain damming video tapes.
ACORN of Florida had organized a voluntary force of 300,000 in 2004 to oversee [...]

October 15th, 2009

The chairperson of House Financial Services Committee, Barney Frank, is proposing the introduction of a bill to navigate $2 billion repaid by USA banks (the money they had taken under TARP rescue amount) to give help to those who are unemployed and facing foreclosure.
The Troubled Asset Relief Program had set aside $700 [...]

October 14th, 2009

It is of vital importance that in the fight against foreclosures one of the first things to do is to overcome fear. Foreclosures are continuing to increase but it can be battled if only the borrower remains calm, avoids confusion and takes the bull by the horns.
Michelle Jones of Consumer Credit Counseling [...]

October 14th, 2009

The US is going through one of the most difficult phases. Unemployment is at its peak and people are faltering on mortgage payments. Hence, foreclosures are at an all-time high. After being taken over by banks, the homes are being put back in the market for resale. However, home re-sales suddenly [...]

October 13th, 2009

Servicers are getting billions from the federal government for huge number of mortgage modifications but foreclosures continue to rule the roost. The firms getting this money are the same ones that have recently been named for indulging in questionable mortgage activities. These servicers have been hauled up for pestering, manipulating or [...]

October 13th, 2009

Given the unstable nature of the stock market, if you have money to invest, real estate is your best bet right now. An investment property bought for a low price can yield a nice profit as a rental unit. And one of the best ways to get a good deal on an [...]

October 9th, 2009

The mediation laws mandated in California and other states to prevent foreclosures are not being of much help. It stipulates that the lenders have to talk things over with the borrowers and try and find out other options before they proceed with foreclosure. They have to prove to the court that [...]

October 9th, 2009

A foreclosure stays on your credit report for seven years. This is one of the worst things that can happen to your credit rating. When your home goes into foreclosure, the lender will contact the credit bureau and report your non payment status. Since this is likely the biggest loan on [...]

October 7th, 2009

Twelve properties in Crow Wing County belonging to Denny Hecker firms are heading for foreclosures. The total area is nearly 34 acres totaling to a market worth of $9.1 million. The Hecker Empire owes one bank $3.1 million and perhaps $6.5 million to another on account of mortgage loans according to [...]

October 6th, 2009

Zina C. Pierre is the Democrat mayor of Annapolis. She has been facing financial problems for sometime now. She has told local leaders that she will try to overcome the financial difficulties that include her foreclosed home, bounced cheques and tax liens. Pierre said that the meeting was more or less [...]