The national problem of the foreclosure crisis is magnified in Lucas County due to the soaring rate of repossessions. The County’s Department of Job and Family Services and Lucas County commissioners announced a proposal to help fight the crisis on a local level.
The county plans on donating the $400,000 it gets every [...]
The rise in foreclosures and the nationwide mortgage crisis has left a recession looming and has shattered the American dream but one form of housing has become virtually foreclosure-free, this being the community land trust. Putting a roof over the heads of homeless people in Boston is one of the best [...]
7,563 homes were foreclosed by mortgage companies in
Massachusetts last year. The figure rising to almost nine three times than that of last year and nine times as compares to the year previous to that.
Warren Group, a publisher of data and news relating to real estate, compiled figures showing that this was [...]
According to the most recent surveys conducted by Mortgage Research Company,
Ohio ranked a staggering seventh among the top one hundred metropolitan areas that have been a victim of foreclosures. The recent surge in foreclosures cannot be pinned on any one factor rather there are many factors that strived together to [...]
Continue reading: Ohio: Ranked Seventh in Foreclosures
Before the Second World War buying a house required a 20 to 50 percent down payment thus building in equity and decreasing the risk of foreclosure but gradually these rules scoured to a point where almost anyone who wanted to buy a house could get a lone.
In the years leading up [...]
Continue reading: How the Foreclosure Crisis Began
During a meeting with visitors at the Trenton City Hall, mayor Douglas Palmer pointed on to a large map with black dots scattered all over it. Each dot represented an empty home on the verge of foreclosure. There were dozens all over the city. Furthermore, the black dots only represented properties [...]
Continue reading: Cities In Ruin Due To Foreclosure Crisis
The main topic of conversation at Vixxen Hair Salon, located on Belair Road, Baltimore, has always been money but Ajanta Booker, the owner, says that since last August its been money and foreclosure.
A community of brick row houses, the Belair-Edison neighborhood, has recently been bought, for the most part, by [...]
Continue reading: Foreclosure Crisis Causing Problems for Women in Baltimore
The statistics resulting from the ongoing mortgage crisis are appalling. 3 million houses are expected to be foreclosed. One in every 27 house has been hit by the crisis in
Stockton, CA. Figures releases by Countryside, the largest U.S mortgage lender, show that foreclosures and late payments had risen to a record [...]
Continue reading: Resolving the foreclosure crisis at state level
