Repo House Listings and Real Estate Foreclosure Information

June 23rd, 2008

Lawmakers and foreclosures have a close connection and the victims of the present crisis are looking to the law for protection and help. In New York the state legislature has come to an agreement regarding the sub-prime mortgage crisis. It also expanded the state health care operations. Both the actions came about just when the [...]

June 23rd, 2008

There is renewed hope from Hope Now for foreclosure victims. This alliance consists of a medley – lenders, servicers, investors and counselors. It is a kind of challenge for all sections to come together to execute a common programme. On 17th June they issued a set of guidelines that would be ground breaking – to [...]

June 20th, 2008

The black communities, mauled by foreclosure houses are paying the worst price for the housing mess. In Orange County every day 70 house owners get a foreclosure notice. Six people participated in a foreclosure prevention workshop at Northwest Community Centre, Pine Hills, hosted by Orlando city. City Commissioner Daisy Lynum said that “something is very [...]

June 19th, 2008

Despite strong protests from the banking and mortgage houses, Governor Paterson and some legislative leaders are inching towards completion of an agreement on passing a law that will make it difficult for lenders to foreclose houses. A legislation to rein in foreclosures is about to take off.
The Democrats in the Assembly had tried to put [...]

June 18th, 2008

The mudslinging has started. Foreclosure skeletons that had so far been rattling in the cupboard have started to come out. Buffalo based M&T has started to take legal proceedings against the mighty German financial body – the Deutsche Bank. The international banking powerhouse has been accused of intentionally selling M&T unsafe mortgages as investments. M&T [...]

June 17th, 2008

The varied gleanings from foreclosure news make interesting reading.
A new tendency has developed. It is dubbed “buy and bail”. The house owners who have good credit ratings buy a new house and then allow their credit ratings to fall by giving way to foreclosure on the old house. The falling real estate market has created [...]

June 17th, 2008

The business of counseling has increased hand in hand with rising foreclosures. In Pasquotank County there were already 142 house foreclosures in the first five months of this year, 2008. In all of 2007 there were 163 units foreclosed. In the previous eight years the total number of foreclosures was 123. These figures, from court [...]

June 16th, 2008

This is the true story of Sean O’ Toole whose hometown was San Luis Obispo. When SEan decided to make a business out of foreclosures and the Internet he took along with him five D’s as partners – Death, Disease, Divorce, Drugs and Denial. These five are the culprits that accelerate foreclosures. This colourful bent [...]

June 16th, 2008

Interest rates have been lowered on adjustable rate mortgages but it has failed to check the surging tide of new foreclosures. It is scaling new heights having touched 1 million.
The reason is because hitherto the prime focus had been on sub-prime borrowers but the virus has spread to a slowing down of the general economy. [...]

June 13th, 2008

Social service providers have their hands full under normal circumstances from looking after the homeless, the pets, food banks and you name it. But the record number of foreclosures makes it difficult for social services to cope with their work.
The scene in Palatka, Florida is heartrending. Mike’s Dog House is refusing every week about 10 [...]