Foreclosure

Q1 2008 Nevada Foreclosure Report Released by RealtyStore.com Santa Barbara, CA (PRWEB) May 14, 2008 — RealtyStore (www.realtystore.com), the nation’s leading provider of foreclosure listings, released its quarterly Nevada Foreclosure Report. RealtyStore.com recorded 17,307 notices of default (NODs) statewide for Q1 2008. This was a 32% increase from those recorded in Q4 2007 and a 139

RealtyStore (www.realtystore.com), the nation’s leading provider of foreclosure listings, released its quarterly Nevada Foreclosure Report. RealtyStore.com recorded 17,307 notices of default (NODs) statewide for Q1 2008. This was a 32% increase from those recorded in Q4 2007 and a 139% jump over Q1 2007. An NOD is filed by the lending institution, when a homeowner falls [...]

Another day, another foreclosure report, this time from industry leader RealtyTrac, the one the government relies upon. The company said today that foreclosure filings were reported on 243,353 properties nationwide during April, representing a four percent increase from March and a 65 percent jump from a year ago. RealtyTrac said the April total was the highest number [...]

Today RealtyTrac® released its April 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 243,353 properties, a 4 percent increase from the previous month and a nearly 65 percent increase from April 2007. The report also shows one in every 519 U.S. [...]

AP LOS ANGELES - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday. Nationwide, 243,353 homes received at least one foreclosure-related filing in April, up 65 [...]

I was asked this question by a interested buyer.  Was this a drug house or something? This was after spotting yellow stains on the walls, metal fixtures that look rusted, strangely colored stains all over the hosue, some chemicals like storage in the garage, and a very strange ammonia smell throughout the house.  I honestly did not know the answer to that question.  But I did wonder to myself

Foreclosure flood: 1,000 auctions per day in California LA Times reports in April there were one thousand home auctions per day in California. “California’s foreclosure crisis passed another ominous milestone in April, when more than 1,000 foreclosed homes were auctioned off every weekday at courthouses across the state”. -flo.html New! RealtyStore Foreclosure Blog Foreclosure fl

Foreclosure flood: 1,000 auctions per day in California LA Times reports in April there were one thousand home auctions per day in California. “California’s foreclosure crisis passed another ominous milestone in April, when more than 1,000 foreclosed homes were auctioned off every weekday at courthouses across the state”. -flo.html According to our California Foreclosure Report,

Real estate foreclosure is the legal process by which the lender can repossess or take over the property which he had lent, on the grounds of failure to pay dues. When such an action is taken by a lender, one would have to vacate the property and or pay dues to the lender for the same.

For the past few mornings I keep hearing those ads on the radio that proclaim you can buy a house for as little as $23,000 or less. They are of course talking about homes in foreclosure or homes being sold for back taxes. Now before you jump in and say that is a wind fall for those people waiting to buy their first home let me say DON'T JUMP. There is a catch that they won't tell you. Some homes

According to Mark Huffman, with ConsumerAffair.com, the White House has threatened to veto a bill which would help those who are being affected by the foreclosure crisis. Mr Huffman states: “The White House is threatening to veto a measure that would spend $300 billion to help distressed homeowners avoid foreclosure. The House passed the measure last week [...]

The king of blow-pop avoided foreclosure on his kiddie polygamy playland yesterday when a new bank took over its mortgage. The 2,700 acre amusement park was supposed to have been auctioned off this week after Jacko defaulted on payments. The investment firm is called Colony Capital. They bought the mortgage at a whopping $23.5 million dollars and they are working out a payment plan with Jacko.

As many of you know, Las Vegas is not only the #1 place to gamble, it’s also the #1 place for foreclosures in the nation. Not the best category to be #1, but it’s created some wonderful opportunities for buyers looking to get a great deal. I like looking for hot deals [...]

The good times keep on coming in this economy. Shawn Forgaard, a 37-year-old software company project manager, thought it would be a good idea to invest in the real estate market. Now, he has defaulted on 9 homes and will be forced into bankruptcy when the bank forecloses on them.Wow. That's just a total wipeout.As usual, Forgaard knew that the market would go soft, which would lead to his loans, which didn't cover interest payments until they reach a certain balance, to backfire on him.These are bad times, which aren't helped by people taking too-good-to-be-true loans. At this point, people have to realize they shouldn't expect the government to bail them out. They only bail out large corporations.If there was anything that should have been part of a school curriculum to prepare someone f

"One of the ingredients for "bubbles" is the quest for the home run. Investors look to how much they wish to gain rather than to risk and reward. What happens when this quest intersects with a major downturn in an asset class?"

This weekend I’ve gotten many e-mails talking about the walking away “myth” and an onslaught of articles now addressing the issue. For those of you that read many of the economic and housing blogs, this is something you are already familiar with. In fact, there has been a sudden shift of trying [...]Related Posts:■New Century files for Chapter 11.■Real Homes of Genius: Toda

Mohamed Mekhimar | RE/MAX Commonwealth | mmekhimar@comcast.net | 804-243-0605 2824 Groveland AVE, Richmond, VA REO Property - Foreclosure Listing in Richmond, Virginia 3 Bdrm Single Family House offered at $99,900 Year Built 1940 Sq Footage 1,596 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 2 Parking Unspecified Lot Size .18 acres HOA/Maint $0 per month DESCRIPTION FORECLOSURE- 3 bedroom Brick cape good for investors or handyman. Fantastic Investment Opportunity. Home sold 'AS IS WHERE IS' Inspections for informational purposes only. Seller will do no repairs. Minimum dep.$1000.Copy required . Contract should state property is being purchased 'As Is'. Strong Lender Letter Required. Proof of funds required if paying

REO properties listed for sale in zip codes 90031, 90032, 90041, 90042, and 90065 between May 3 and May 10, 2008. REO listings These zip codes include the Los Angeles communities of Eagle Rock, Highland Park, Mount Washington, Glassell Park,...

Notices of Default recorded May 3 to May 9, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. Notices of Trustee Sale recorded May 3 to May 9, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. These...

U.S. House Approves Democratic Anti-Foreclosure Bill “The U.S. House of Representatives approved legislation to let the government insure up to $300 billion in mortgages to help homeowners avert foreclosure over White House objections the measure would force the government and taxpayers to take on excessive risk. The House voted 266-154 for the housing package offered by Massachusetts [...]

U.S. House Approves Democratic Anti-Foreclosure Bill “The U.S. House of Representatives approved legislation to let the government insure up to $300 billion in mortgages to help homeowners avert foreclosure over White House objections the measure would force the government and taxpayers to take on excessive risk. The House voted 266-154 for the housing package offered by Massachusetts Democrat

An article authored by Patrick Pulatie  For this article, I had planned on writing about the mortgage fraud I have been discovering while doing loan document audits, but I decided to change the subject, for something that is much more important for many people today. In the last two weeks, I have run across several cases of [...]

I did the first six parts of this on my A/R blog.  I thought I would drop one here, too…  Here are the previous visits to the mailbag: Part I, Buyer’s Price Range Part II, When should we start to look? Part III, New Homes inducements Part IV, Should we sell? Part V (A), What should we do to our [...]

The New York State Assembly today passed a rather robust legislative package aimed at addressing the “national sub-prime lending crisis.” The four-bill bundle contains legislation that, if enacted, would offer assistance to homeowners in default or facing foreclosure, establish requirements on all home loans, provide consumer info to all residential mortgage applicants, and most notably, create [...]

When making the decision to invest in real estate one of the best places to look in terms of value is in foreclosures. Economic downturns force more homes into foreclosure which create the perfect time for an investor looking to purchase property for private residence, rental or resale. Before taking that leap into investment it is important to do research and to understand that there are advantages as well as disadvantages to buying a foreclosure.StopMyForeclosure will help you save your home and stop your foreclosure immediately. You have worked hard in keeping your home through the years. Now because you have had a major hardship or a financial setback you are in a difficult situation and behind on your mortgage. If you answered yes to any of the above questions they at Stopmyforeclosur

The following press release the Minnesota Attorney General, Lori Swanson, announced the filing of six new lawsuits in Hennepin County District Court against foreclosure consulting companies that charged Minnesota homeowners up to $2,375 to save their homes but failed to provide promised assistance that would help them retain home ownership. “We do not tolerate mortgage foreclosure consultants taking advantage of struggling homeowners who are already between a rock and a hard place in the worsening mortgage meltdown,” Swanson said. The lawsuits filed today are against: (1) National Foreclosure Relief, Inc., a Nevada corporation with a California business address; (2) Lewis Loss Mitigation, Inc. of Alabama, which also does business as Stop Foreclosure Center and Lewis and Associa

Foreclosure Website Announces Free Advertising for Real Estate Agents RealtyStore (www.realtystore.com), the nation’s leading provider of foreclosure listings, today launched its Professional Network to connect Real Estate Professionals with thousands of home buyers actively looking for foreclosed properties. With over a million property page views per month, RealtyStore provides free, targeted exposure for members of the [...]

Foreclosure Investors: $7000 TAX CREDIT ~ Senate Takes Up $15 billion housing fix “The proposed measures include funding to help borrowers refinance unaffordable loans and help boost activity in neighborhoods with properties in foreclosure. Also in the bill is a tax break for homebuilders, as well as a new tax credit and deduction for homeowners and [...]

Are you trying to find Bank Owned Homes for sale? In Real Estate we refer to these as REO homes? And many of you call them Foreclosure Homes? The free search for homes on the right hand side of Sacramento Real Estate Voice now includes for your convenience listings of Bank Owned homes for sale. In other [...]

If you fall behind in your mortgage payments, don't try to hide from the lender. Answer the phone and open all mail. Lenders are motivated to work out solutions to avoid foreclosure, and you have more bargaining power than you...

Foreclosure Investors: $7000 TAX CREDIT “The proposed measures include funding to help borrowers refinance unaffordable loans and help boost activity in neighborhoods with properties in foreclosure. Also in the bill is a tax break for homebuilders, as well as a new tax credit and deduction for homeowners and home buyers. The package also contains measures to [...]

REO properties listed for sale in zip codes 90031, 90032, 90041, 90042, and 90065 between April 26 and May 2, 2008. REO listings These zip codes include the Los Angeles communities of Eagle Rock, Highland Park, Mount Washington, Glassell Park,...

Notices of Default recorded April 26 to May 2, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. Notices of Trustee Sale recorded April 26 to May 2, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. These...

This from Reuters via Yahoo Finance: LOS ANGELES (Reuters) - Former U.S. baseball star Jose Canseco said on Thursday he had lost his California mansion to foreclosure — one of the first celebrities to publicly admit being a statistic in the U.S. housing crisis. Canseco, 43, one of the most flamboyant U.S. baseball players until his [...]

More stories of the bursting of the housing bubble in South Florida. According to the Miami New Times: On this foreclosure tour, the mortgage crisis is just another money maker. The unlikely day-trippers were part of the inaugural Miami Homes Tour, a new tactic for hawking foreclosed property. Its organizers are part of a burgeoning brood of [...]

Cities are starting to frown on properties that are not maintained and up to code.  The reason for this concern is that the foreclosed homes are not being taken care of and is bringing down the neighborhoods.  Of course there are some question as to who to go after.  People are not cleaning up the property before they leave, instead most are leaving trash, personal items, unfinished home improvement projects, dogs, feas, cats, in some cases unsafe structures and don't even mention a yard that is not maintained and haven't been for a long while. This is a concern for neighborhoods that have that "owner pride" and are concerned about their property value going down -- right alone with the neighborhood value.California has one of the highest foreclosure rates

This bank-owned single family home in Broadlands is a great deal at $693,900. It's only 4 years old, has over 6000 finished square feet on three levels and sits on .27 acres. It has a 3-car side-load garage, upgrades throughout and is in good condition. It's on a cul-de-sac in the newer part of Broadlands (Broadlands South). If you'd like more information, feel free to email or call me - 703.582.6900. Listed by Carter Braxton Real Estate Company - 11...

METRO FORECLOSE RATE SOARS 34% by NY Post - snips:The number of New Yorkers losing their homes to foreclosure jumped by a third compared with a year ago, a study has found - and experts are warning that the worst is yet to come... Analysts once predicted that New York's real-estate market would be largely insulated from the wave of home-loan defaults affecting much of the country. But lawmakers and local organizations are now working overtime to keep up with the volume of requests for help from homeowners in crisis. New York's foreclosure process is unusually long, taking more than a year for defaulting homeowners to lose their homes, so experts say the data probably does not reflect the level of foreclosures that will hit the area. "We are still waiting for the other shoe to drop," said

Here are some quick foreclosure stats I came across recently: Every three months, 250,000 new families go into foreclosure. Foreclosure filings were reported on 234,685 properties nationwide during March, a 57% increase from March 2007. One in every 538 U.S. households received a foreclosure filing during March. One out of every 200 homes will be foreclosed upon. For a city [...]

California Foreclosure Activity Up 38 Percent in First Quarter of 2008 “RealtyStore, (www.RealtyStore.com) the nation’s leading provider of foreclosure listings, released its quarterly California Foreclosure Report for January, February, and March 2008. The RealtyStore Quarterly California Foreclosure Report covers all counties and provides the total number of Notices of Default (NODs) statewide. RealtyStore recorded 116,644 Notices of Default [...]

RealtyTrac® (realtytrac.com), today released its Q1 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 649,917 properties during the first quarter, a 23 percent increase from the previous quarter and a 112 percent increase from the first quarter of 2007. The report [...]

    Updated: 04/28/2008   Chico (and surrounding areas) Foreclosure Properties Coming Soon!   Want the inside scoop on Chico foreclosure properties not yet listed? The following... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Some people are desperate. They are facing foreclosure and do not care if they keep their home or not. All they want to do is to stop foreclosure. In these case, many people want to know if they can give their lender a deed in lieu of foreclosure. The answer is simply maybe or maybe not. First, your mortgage lender must be willing to accept a deed in lieu of foreclosure. Mortgage lenders are in the home loan business. They are not in the real estate business. Most people do not realize the costs that are involved when a lender gets a home through mortgage foreclosure or by a deed in lieu of foreclosure. The lender has to take care of the home, pay taxes and insurance, and then try to sell the property. While the home is on the market, the mortgage lender's money is tied up and not making

Bank of America aims to help 265,000 avoid foreclosure (AP) “Bank of America Corp. said Monday after it completes its acquisition of Countrywide Financial Corp. it will modify or workout at least $40 billion in mortgage loans over the next two years to help customers avoid foreclosure.In January, Countrywide agreed to sell itself to Bank of [...]

The interest rate cuts made by the Federal Reserve over the past months have helped keep adjustable-rate mortgage increases modest, but it may not be all the housing market need. Although the loans are adjusting by only 1% on average, loan defaults and foreclosures are still rising. Many industry experts believe this is because of falling [...]

There are a multitude of reasons that can cause someone to have their house end up in foreclosure. Inconceivably you lost your job and have a difficult time finding another one. Maybe there happened to be an illness in the family or you recently fell on difficult times and just can’t seem to keep your [...]

Earlier this year our own Daniel Stamm shared his experience with the issue of homeless squatters in foreclosed properties. This growing problem is documented here in a new video segment from CBS Evening News. For more information on this growing issue in Illinois, see our posts, Face to Face With Mortgage Fraud and What to Do if You're a Victim.

Ladera Ranch came up in the LA Times' new foreclosure widget as being the area in Orange County with the worst rate of households per foreclosure (15.58 - but, the number is likely off since the number of homes in the area seems to be understated). So, today we're featuring a foreclosure property in Ladera's Covenant Hills that is selling for a huge markdown off the 2006 price.14 Drackert Lane, 92694Asking price: $879,900Asking price/ sq ft: $251Income requirement: $219,975Buyer purchase price: $1,500,000Buyer purchase date: 8/28/06Size: 4 beds, 4 baths, 3,500 sq ft (built in 2005)MLS: S529187 (8 days on Redfin)Zillow Zestimate: $1,235,0002007 property tax: $23,920.54 (2006 taxes of $22,129.58 unpaid)HOA dues: $404Type: Single Family ResidenceStyle: MediterraneanStories: Two LevelsLot size

Falling home prices have made an increasing number of U.S. homeowners more vulnerable to default, they said. Nearly a third of subprime borrowers owed more than their home was worth at the end of last year, and that figure will double to 63 percent in 2009 It is interesting that borrowers facing these circumstances tend to walk away from their homes while continuing to make their credit card payments. Although falling home prices is one factor in this problem, many people forget most of these subprime loans were option ARMs. Most of the option ARM loans had low teaser rates that led not only to payment shock at the reset date but also allowed borrowers to defer payments that were added to the principle of the loan (negative amortization). The gamble made by most borrowers was that hom

REO properties listed for sale in zip codes 90031, 90032, 90041, 90042, and 90065 between April 19 and April 25, 2008. REO listings These zip codes include the Los Angeles communities of Eagle Rock, Highland Park, Mount Washington, Glassell Park,...

Notices of Default recorded April 19 to April 25, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. Notices of Trustee Sale recorded April 19 to April 25, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. These...

Do you remember when the iphone first came out? About a week before it hit store shelves, an on-line sports book published odds claiming that 1 in 20 shoppers would be trampled to death while trying to get one. Coincidentally, those are also the odds in any given week that someone will be [...]

These 2 town homes were taken back by the bank a while ago and have been finished by the bank. Each side of this property is a 3 bedroom, 2.5 bathroom, 2 car, 2,709 square foot separate town home that features hardwood floors, granite counters, and even a stacked stone outdoor fireplace. It is a little bit of a mystery to me why these properties did not sell as they are located extremely well and are very attractive floor plans. It is my opinion that they would be phenomenal rentals that would bring $2,350/mo. per side for a total of $4,700/mo of gross income.Originally these town homes were listed pre-construction for $550,000 each in the summer of 2006. The builder began the properties and by mid 2007 and the price was dropped to $525,000. Since that point, the bank took the property bac

Channel 8 Reports, we pass it along. I just came from a house that wasn’t trashed by the previous owner. It was trashed by kids in the neighborhood. My client Frank has had an all cash offer on the property since February 7th. We’ve never heard a word from the agent or the bank. [...]

In todays housing market, the tables have turned and renters may need to do a financial background check on potential landlords of a rental property. While the mortgage mess is still forcing more homeowners into foreclosures, tenants are also taking on new risks being in these rental properties. Plenty of homes and condos are made available for renting because owners could not sell the properties but they also never intended to be landlords. These owners reluctantly lease out the properties to make the mortgage payments but with the sub-prime loans reseting and the declining property value, owners are still not able to afford the mortgage payments. The foreclosure process then starts and tenants are forced out of the properties. Often tenants are left with little notice and in the middle o

One of the worst things that can happen to anyone is to lose their home to their creditors. If you used your home as security for a loan and were to miss a couple of monthly payments on your loan, you could be on the road to big time trouble. Most people who signed a [...]

Banks and mortgage lenders sent California homeowners 113,676 default notices during the January-to-March quarter, a 39.4 percent increase from the 81,550 sent during the fourth quarter of 2007, and 143.1 percent more than the 46,760 sent a year ago, a report from DataQuick Information Systems revealed. More startling however, is the fact that 47,171 homes were [...]

Foreclosure prevention efforts, though widely publicized, aren’t keeping pace with the increasing number of delinquent loans, according to a report released today by the State Foreclosure Prevention Working Group. “The collective efforts of servicers and government officials to date have not translated into meaningful improvement in foreclosure prevention outcomes,” the report said. “In major respects, the subprime [...]

140 W. Foothill Blvd. Asking Price $770,000 ::: Sq-ft 1,735 Purchased Price $800,000 ::: Lot Size 0.33 acres Purchased Date 08/23/2006 ::: Beds 3 Days on Redfin 58 ::: Baths 1.75 $/Sq-ft $444 ::: Year Built 1947 20% Downpayment $154,000 ::: Area Santa Anita/fwy Income Required $192,500/yr ::: Type SFR Est. Payment* $3,893/month ::: MLS# A08027588 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Because of the previous community profiles, I’ve been profiling homes in the northern part of Arcadia for the past few weeks. During the weekend I had made up my mind to [...]

In the current real estate market one of the most common reasons for a seller to be motivated enough to work with an investor is an impending foreclosure. If your marketing efforts supply you with a regular stream of leads (as they should), you will encounter pre-foreclosure situations on a regular basis. Therefore, [...]

If you’re facing foreclosure, burning down your house is not the solution, says the Insurance Information Network of California. “If you are concerned about not making your mortgage payment, contact your lender as soon as you can,” said Candysse Miller, executive director of the Insurance Information Network of California. “There may be no quick fix to credit [...]

"Jane Stonehill remembers the car pulling up to Animal Rescue Friends of Idyllwild's office a few months ago. It was full. Clothing and furniture. A mother and children. A gray and white Old English sheepdog. They had lost their home and were heading out of town -- without their dog. "They just had to walk away from it," said Stonehill, director of the rescue organization. "It's very sad."

As Real estate professionals, we encounter clients and customers frequently who are have difficulties paying their mortgages and as a result are in jeopardy of losing their homes to foreclosure proceedings.  I present the following collection of websites that we should share with the general public to better inform them about the foreclosure process and how to avoid it.  If you have other sites that you share with your clients, perhaps you could post comments with those links here to share with our AR community.  Thanks!  SteveDepartment of Housing and Urban Development (HUD)Housing Counseling Agencies How to Avoid Foreclosure (82 KB PDF) Tips for Avoiding Foreclosure Department of JusticeCredit Counseling Agencies Approved Pursuant to 11 U.S.C. § 111 Federal Housing Administr

The Guide Covers All Of The Phases Of Foreclosure. Learn To Invest In Pre Foreclosure Properties. Its No Secret Foreclosure Filings Are Reaching Astronomical Levels. You Can Also Capitalize When The Maket Is Down, Start Today!

Notices of Default recorded April 14 to April 18, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. Notices of Trustee Sale recorded April 14 to April 18, 2008 for zip codes 90031, 90032, 90041, 90042 and 90065. These...

REO properties listed for sale in zip codes 90031, 90032, 90041, 90042, and 90065 between April 1 and April 13, 2008. REO listings These zip codes include the Los Angeles communities of Eagle Rock, Highland Park, Mount Washington, Glassell Park,...

Whether it is a seller’s market or a buyer’s market, people always prefer buying houses available at foreclosures. Some people prefer to buy them right away, while some want to become investors. In both cases, bargains are available, but are not easy. There are three stages of foreclosure home sales, they are pre-foreclosure, auction and [...]

A local bank has taken back a $1+ million dollar home in the Hampton Reserve neighborhood in Brentwood, TN. Brentwood is one of the most affluent areas in Tennessee and is located in Williamson County (the top ranked county in Tennessee for schools, income, quality of life, etc.). Brentwood is located 11 miles due south of Nashville and is mostly a pillow community that only features commercial development of consequence in the Maryland Farms area.The home is a 6 bed, 4.5 bath, 4 car garage 6,921 square foot estate property that was originally sold for $1,345,000 in April of 2007. At this point, the bank is ready to move it off the books and may accept a much lower offer. We can speak individually about that number, but I believe that a clean offer with a quick close will range between $87

 The traditional spring home-buying season is off to its worst start in 20 years, data released Tuesday show, with sales so weak that foreclosures now account for more than one-third of all market activity.Nearly 38% of Southern California homes sold in March had been foreclosed at some point in the prior year, up from 8% [...]

Oregon ranks 22nd in the country in foreclosure rate, currently with one foreclosure filing for every 972 households.Nevada, for comparison purposes, ranks 1st in the country in foreclosures with one filing for every 139 households.According to the latest RealtyTrac report, Oregon experienced a 3% increase in foreclosures from February to March this year and a 118% increase from March 2007 to March 2008.The U.S. average was a 5% increase from February to March and a 57% increase over the last year.Here are the states with the highest foreclosure rate:1. Nevada2. California3. Florida4. Arizona5. Colorado6. Georgia7. Ohio8. Michigan9. Massachusetts10. Maryland

Here is an article from The New York Times that takes a closer look at the Foreclosure Prevention Act passed by the Senate last week that was supposed to be geared towards helping homeowners.Lo and behold, what do we find when we look deeper? Tax breaks for businesses, including home builders, automakers, and airliners.Once again, our government continues to think dishing out corporate welfare to failing big businesses is going to help the financial issues of individual families. It is almost like asking those families to bail out the people who employ them. Somehow, the flow of money always moves upwards back in the direction of the CEOs, who aren't in danger of losing their houses.It is reported in the article that the National Association of Home Builders flooded the district offices of

With the credit crunch everybody is feeling nowadays, the number of foreclosures have risen dramatically since last year. Do not let this threat ruin your family's financial future. Below are some... Thank you for the time reading this feed. To get more helpful content, tips, and links please drop by my blog site - click on the topic link above.

If you've been to a real estate auction at the local courthouse steps recently, you may have found yourself to be the only one there aside from the auctioneer. Many people are wondering where all the bidders are especially since auctions used to be a good way to get a deal on a foreclosure property. ABC 7 News (WJLA) was curious about this as well and ran a story on it earlier this month. Here's the video (couldn't get around...

FORECLOSURE ST. ON STATEN ISLANDby NY Post - snip:Welcome to New York City's foreclosure capital - tree-lined Blackford Avenue on Staten Island. On two tiny blocks in the Port Richmond neighborhood, eight houses are in foreclosure and five other families have received formal notices from banks informing them they are in danger of the same. In the first quarter of 2008, 174 foreclosures were filed on Staten Island - the highest per-capita rate of any borough, up from 34 foreclosures in the same period last year, according to data compiled by PropertyShark.com, a real-estate search Web site. As the city finds itself in the maw of the national housing crisis, these buyers - many lured by subprime and other adjustable-rate loans to buy houses out of their price range - are now losing their h

Foreclosure filings increased five percent from February and were up 57 percent from March 2007, according to a report released today by RealtyTrac. The Irvine, CA-based company said foreclosure filings were reported on 234,685 properties nationwide during the month, with bank repossessions up almost 129 percent from a year ago. “The March numbers show that overall foreclosure [...]

More horrible news for the housing market this morning. According to AP via Yahoo Finance: Foreclosure Filings Against US Homeowners Soar 57 Percent in March; Bank Repossessions Surge The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month as more troubled homeowners mailed in their keys [...]

Are you one of the many who have been hit hard by the housing crises? Is your mortgage in jeopardy? Do you feel that foreclosure is the only way out? Are you at odds as to what to do and how to save your home? Are you looking for a solution, but just do not know what do to or where to start?

Principals or agents? What's the difference? Private mortgage lenders are typically high net-worth individuals or pension funds. They are principals or people with money. Sometimes those principals delegate certain loan origination functions to loan brokers (who are agents). Some of...

Hundreds of Homeowners Bring the Foreclosure Crisis to Fed’s Front Door “Every day 8,000 new families fall victim to the foreclosure epidemic resulting from the sharp rise in predatory mortgage lending practices. Paulette Colemon, a homeowner facing foreclosure from Champaign, Illinois, described the nightmare of foreclosure, “It’s hard to buy groceries for my five kids and grandson. I’ve gotten behind [...]

Even though things appear to be deteriorating rapidly and are shocking the public and officials, this castle made of mortgage sand was built over a decade of frankly irresponsible greed and corruption. There really is no way of sugar coating it. In the middle of it all, there was ethical behavior and those [...]Related Posts:■Foreclosures? Housing Bubble? In Southern California? Impossible!■Foreclosure Shrugged: The Issue with Finding an Exact Foreclosure Number.■The Foreclosure Story: What does the Process Look Like?■Real Homes of Genius Flashback: Looking back at Lakewood California. $105,000 Loss.■Superstars of Housing Love: The Sheriff Deputy Evicting People who Default.

Updated: 04/13/2008   Chico (and surrounding areas) Foreclosure Properties Coming Soon! Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The best foreclosure bargains are not local. Relocating out of Central Ohio? There could be opportunities for you in this buyers market.   In “Where the Suprime Mess Has Created Buying Opportunities” Yahoo names five areas nationally where the unemployment rate is below 5% and according to RealtyTrac there’s a boatload of foreclosure properties available for home buyers… Relocating out of [...]

Updated: 04/12/2008   Want the inside scoop on foreclosure properties not yet listed? The following are scheduled for marketing within the next 30 days: Chico (and surrounding areas) Foreclosure... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Senate on Thursday passed a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis. The measure passed by an impressive 84-12 vote, but even supporters of it acknowledge it’s tilted too much in favor of businesses like homebuilders and does little to help borrowers at risk [...]

CNN Money - The Big Risk in The Foreclosure Fix “FHA, a formerly obscure federal agency, is now at center of many plans to fix the housing market. But it may not be up to the task - and that could cost taxpayers a bundle…” All throughout 2008 we”ll see a major decline in housing prices, which [...]