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More Fiddling as Foreclosure Crisis Rages On

The government seems to have good intentions. Unfortunately we can't see any significant actions towards the Foreclosure Crisis, and honestly I don't see it getting any better in the near future." The good news is the Obama Administration appears to be finally conceding that...

created by juliaredstone | 5 days ago | updated 3 days ago
28 views | 4 recommendations | 1 comment

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Abandoned Foreclosure Pets: The Unsuspecting Victims

The number of abandoned foreclosure pets is increasing daily together with the numbers of foreclosure houses. Some homeowners take time to leave their pets at animal shelters, but some leave them at foreclosed...

created by cassy82 | 1 wk ago
25 views | 10 recommendations | 0 comments

cassy82

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Fort Worth Foreclosures for Sale Rise as Home Defaults Grow

Fort Worth foreclosures for sale grew in number in the July-September quarter as home loan defaults rose. The pace of foreclosures in the Fort Worth-Dallas area increased by nearly 5 percent from the second...

created by cassy82 | 1 wk ago
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Federal Homes Affordable Programs in NY Gets Funding

Congresswoman Nita Lowey has announced funding to support federal homes affordable programs in several counties in New York. A government agency will also provide grants for housing counseling services. " Several...

created by cassy82 | 6 wks ago
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Cash Aid to Help Homeowners and Reduce Foreclosure Rates

Distressed borrowers in Connecticut will get housing assistance in an effort to help them remain in their properties and reduce the growing foreclosure rates in the state. A $100,000 cash donation was made by a...

created by cassy82 | 7 wks ago
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Housing Project Faces Foreclosure Crisis

A downtown housing project in North Carolina has become one of the latest victims of the foreclosure crisis. The subdivision was taken over by its lender after its developer missed payments on an almost $6 million loan. " A housing project in downtown Belmont in North...

created by cassy82 | 7 wks ago
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Homeownership Dropped Due to Denver Bank Foreclosures

Census data showed that homeownership in Colorado dropped despite the increase in incomes. Industry experts said that the increase in the number of Denver bank foreclosures contributed to the decline in homeownership. " The increase in the number of Denver bank foreclosures...

created by cassy82 | 9 wks ago
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cassy82

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Repo Homes for Sale Dominate the Market in Alabama

The number of repo homes for sale continues to rise in Alabama. According to a study, most foreclosures happened on modestly priced houses. " The growing foreclosure crisis in the country has spread to the Alabama...

created by cassy82 | 10 wks ago
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Foreclosed Home for Sale in Shasta County As Filings Rose in July

The number of foreclosure filings in a California county rose last month. The increase in numbers is expected to fuel foreclosed homes for sale activity in the area."Last month, foreclosure activity in Shasta County, California perked back up. Foreclosure filings in the...

created by cassy82 | 16 wks ago | updated 16 wks ago
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Growing Number of Renters Affected by REO Properties Crisis

Tenants' advocacy groups said that national legislation that include some protections for renters evicted from REO properties are not enough to address the growing problem. The new rules require lenders who are about to foreclose on a property to allow tenants to stay for at...

created by cassy82 | 22 wks ago
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cassy82

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Twin Cities Hold Classes on Foreclosed Homes for Buyers

A rising number of first-time homebuyers have been attending homeownership classes in Minneapolis and in Saint Paul. As the number of foreclosed homes available for sale increases in the area, nonprofits have been...

created by cassy82 | 31 wks ago
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cassy82

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Dogs and Cats Forced Out of Repo Homes

Dogs, cats and other pets are also becoming homeless as the number of repo homes continue to increase. Area shelters for animals have been overwhelmed with pets being given away by distressed homeowners. " Dogs and...

created by cassy82 | 36 wks ago
81 views | 10 recommendations | 1 comment

Federal Rescue Fail to Save Spread of Repo Homes

The increasing number of repo homes continue on its upward climb despite the U.S. Federal Reserve’s pledge to purchase over $1 trillion bonds and the flock of borrowers who applied for home loan mortgages. " The latest effort of the federal government to revive the ailing...

created by cassy82 | 36 wks ago
61 views | 0 recommendations | 1 comment

Stop Blaming, Help Owners of Foreclosed Homes

It is time for government officials and critics to stop blaming various groups for the foreclosure crisis. It is time for supporting Obama’s program to enable it to help Americans save their dwellings from becoming foreclosed homes. " As more than 100 houses in the Chicago...

created by cassy82 | 36 wks ago
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Billionaire Buffett: Worst Economic and Foreclosure Crises

The United States economy will get worse before it gets better is how Warren Buffet, the second richest man according to the October 2008 issue of the “Forbes” magazine, viewed the current economic scenario. He cited as indications of the worsening economic situation the...

created by cassy82 | 38 wks ago
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