Truemors
is reporting from
Member
NP Rank:
NP Rank:
Lenders Might Be Billed Per Foreclosure
With the state’s foreclosure rate rising by s much as 22 percent from last year, New Jersey officials are stepping up their efforts by approving a measure that will require mortgage lenders to pay $2000 for every foreclosure filed."The said measure is part of the New Jersey...Sales of New Homes Plunge to Lowest in 17 Years
Based on a report released by the US Census Bureau, new home sales activity has fallen to record levels last August. Annual rate dropped by 11.5 percent from 520,000 to 460,000 compared to last July and by 34.5...Will the $700B Bailout Really Help Homeowners Facing Foreclosure?
When some of the biggest investment firms declared bankruptcy last month, it resulted into widespread panic in the entire financial industry. In order to prevent the nation from falling into a recession, the...Foreclosure Scam Artist Sentenced to 10 Years
"The problems in the housing industry did not only result to million of Americans losing their homes to foreclosure. It also gave rise to a growing number of foreclosure-related scams, perpetrated by unscrupulous individuals. The good news is that the judiciary branch of the...Hispanics Fight Foreclosure by Staying Informed
"The worst thing about the mess in the subprime industry is that it left in its wake millions of innocent American families without a home. It has long been established that one of the reasons for the foreclosure...Minnesota Foreclosure Victims Preyed Upon by Predatory Lenders
"For homeowners, there is actually one more thing worse than losing your home to foreclosure - knowing that you are in this unfortunate situation because you have fallen victim to predatory lending practices. A...The Growing Popularity of Lease-to-Buy Option
"When the foreclosure crisis was traced to the aggressive lending practices in the subprime mortgage industry, underwriting guidelines were immediately tightened. As a result, more and more buyers are experiencing...
Renters Moving Out Due to Foreclosures
"As the number of homes that enter foreclosure increase nationwide, so is the number of tenants left without homes. The sad thing about this situation is that many of these renters are not aware of what has been happening until they were given notices to move out. Such is the... Declining Home Prices Hitting Seniors Harder
"Many of you might be hoping that your homes will be your source of security during your retirement years. But based on a study conducted by the Center of Retirement Research, one third of the older households are likely to enjoy security because of the current problems in...Neighbors Suffer from Foreclosures
"For homeowners who have been diligent in their mortgage payments and even their association bills, the foreclosure crisis may not be something you will be interested in. Sadly, the problems in the mortgage industry... Homeless Children: Innocent Victims in the Foreclosure Mess
"The current problem in the mortgage industry has resulted to millions of homeowners losing their homes to foreclosure. And if this is not enough to weaken the national economy, the recent Wall Street meltdown has... Study: 700,000 Delinquencies, Foreclosures Involve Older Homeowners
"According to a study conducted by the AARP Public Policy Institute, the likelihood of a foreclosure is higher for older homeowners. This certainly debunks the old myth that older borrowers are less vulnerable to the foreclosure crisis. The said research involved data...Florida Homeowners Urged to Attend Foreclosure Workshop
"Since Florida is among the states hit hardest by the foreclosure crisis, it can be expected that many housing advocacy groups would like to provide assistance to the thousands of troubled homeowners. One such...More Homes Expected to Enter Foreclosure as Credit Card Delinquencies, Debt Soar
"According to the credit-reporting agency TransUnion LLC, the percentage of credit card users delinquent with their payments increased to 1.04 percent in the second quarter of this year compared to last year. On the...Wall Street Mess and the Foreclosure Crisis
"When America woke up this Monday morning, the news that hit them is certainly something that one will not expect. Investment giants Lehman Brothers and Merrill Lynch were suffering from losses so huge that the...
Recent Comments
Top Members Today
Top Rookies
Top Veterans
255
pointsAmitjha
new delhi, India
117
pointsanamika.mis15
Delhi, India
82
pointserin krimian
Huntington Beach, Texas, United States
