Repo House Listings and Real Estate Foreclosure Information

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 [...]

June 12th, 2008

The jumbo banks of the country that serve 23 million mortgages (amount adding up to $3.8 trillion) are now offering short-term help schemes rather than permanent ones to help foreclosed victims. Instead of loan modifications the focus was on payment plans reported John Dugan of U.S. Office, Comptroller of Currency. However from October 2007 to [...]

June 11th, 2008

Foreclosure woes have descended on Ambassador Campus at Pasadena. The previous campus was targeted to be the site of a jumbo residential complex. The project was an ambitious one and would have included hundreds of condos, apartments and senior housing units. But the former campus has been foreclosed says Pasadena officials.
The entire 20 acres of [...]

June 10th, 2008

The number of La Crosse County foreclosures continues to rise keeping in tune with the national trend. It has crossed the record of the previous year. Here in La Crosse there were 132 foreclosures posted till the end of May. Last year the number of filings in May was 239. A greater [...]

June 10th, 2008

The rising numbers of foreclosed houses are weighing down lenders. Overwhelmed by the increasing numbers the banks are now offering heavy discounts. The rates are falling so low that it appears that the bottom has been reached by harking back to the go-go days. A house that sold for $350,000 three years ago is now [...]

June 9th, 2008

During the first three months of 2008 there were a record number of house mortgages in foreclosure or about to do so. The number of those lagging behind in payments is geared to increase in the immediate future causing more damage to the general economy of USA.
According to latest reports by Mortgage Bankers Association, the [...]