Tourism Slowdown Drives Kauai Island Foreclosures for Sale

The drop in number of tourists has pushed up foreclosures for sale on Kauai Island, which is reliant on tourism. Since January, 10.8 percent of all home and condo sales were distressed sales. " Just like the other islands of Hawaii, Kauai Island also depends largely on...

Nassau County’s Tom Suozzi Launches Foreclosure Task Force

At a symposium held by Long Island Housing Partnership, County Executive Suozzi spoke on the foreclosure crisis and urged mortgage companies to enforce a 90-day moratorium on foreclosures. He cited the example of JPMorgan Chase which provided troubled borrowers with a grace...

Facing Foreclosure? Who to Turn To

Across the country, millions of homeowners have lost or about to lose their homes to foreclosure. Experts believe that a significant percentage of these homeowners failed to find a solution to their mortgage problems in time. Some may have simply decided to ignore their...

Federal Housing Rescue Program Already In Effect

The last couple of years have indeed been tough for the housing industry. With the national foreclosure rate reaching record high levels and home prices plummeting, it is not surprising for the entire nation to expect the government to step in and address these problems....

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...