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Dallas Foreclosures Surging in High-End Communities
Dallas foreclosures have been soaring in high-end neighborhoods over the past several months. This year, the number of homes in the $1-million price range that faced foreclosure this year increased by over 20 percent."Dallas foreclosures have been surging in high-end...Stockton Foreclosures for Sale Soared as Economy Slumped
Stockton foreclosures for sale climbed up by 37 percent in November as the economic condition in the area continued to slump. Stockton was also among the most economically stressed cities based on an index compiled by Associated Press. " Stockton foreclosures for sale climbed...San Antonio Foreclosures for Sale Reach Record Level
San Antonio foreclosures for sale reached their highest level this year in more than 20 years. Almost 16,000 residential units fell into default or foreclosure this year, according to a Texas-based foreclosure...Bank Foreclosure Prevention Program by Citi Up by 20 Percent
The bank foreclosure prevention program of CitiMortgage has been improving significantly. CEO Sanjiv Das also said that the bank has started implementing principal reduction for some deserving borrowers. " The bank...Foreclosed Listings in Dayton Soared More Than 55 Percent
Foreclosed listings in the Dayton metro area in Ohio grew by more than 55 percent in October compared to the previous month. A total of 1,070 foreclosure actions were filed in the area in October. "...
Avoid Foreclosure: Rent your own Home
Fannie Mae implements deed-for-lease program that allows troubled borrowers who don't qualify for loan modifications to stay in their homes."Giving troubled borrowers yet another way to avoid foreclosure, Fannie Mae said on Thursday it would allow eligible homeowners to rent... Fannie Mae to Allow Borrowers in Foreclosure to Lease Back Homes
The housing market has shown some signs of recovery. Not to harm the housing market Fannie Mae launches this alternative. " Mortgage giant Fannie Mae said Thursday that it would throw a lifeline to some people losing their homes to foreclosure by allowing them to lease those... Young People Buy Foreclosed Homes for Investment
Many young people across the country buy foreclosed homes for investment. Home prices have declined as much as 50 percent in the previous months. " Home prices are at their all time low that many young people are... Abandoned Pets: Another Consequence of Foreclosure, Unemployment
An increasing number of abandoned pets have started filling up animal shelters to the brim. Most of these pets were left behind because of either unemployment or foreclosure. " In addition to homeless families, abandoned pets are also considered to be one of the unfortunate... Military Wives Try to Avoid Bank Foreclosed Home
Some military wives in Las Vegas, Nevada are fighting to avoid bank foreclosed home. They are hoping that loan modification would save their properties from foreclosure. " Military families have to deal with the difficulty and emotional hardship of seeing their loved ones... w/Foreclosures at All-Time High, Can Obama, House, be Re-Elected?
They Blew it On Bankruptcy Protection for Homeowners, and Now They're Getting Rolled on All-Important Health Care.Horrifying statistics have just been released by the Mortgage Bankers Association, which finds... 152 views | 4 recommendations | 1 comment
