On 31st of December 2007, a foreclosure sale of a ten-storied bank building in
Longview was prevented by using the bankruptcy protection legislation. The building was owned by a partnership, Two Hundred North Fredonia Ltd., led by Ronald W. Weaver Sr. The partnership acquired a 20-year loan of nearly $1.5 million for the building at the [...]
Foreclosure was a major factor affecting US economy in 2007. A year ago, losing a house to a bank was a rarity, only happening to people struck by unfortunate circumstances like job loss, or death of a wage earner. However, in 2007, incidents of foreclosures saw an unprecedented increase, as the real estate market sloped, [...]
In the city of Lawrence high rate of foreclosures are in the headlines and are in the center of discussion of Hispanic leaders at the County office in Washington, D.C.
La Raza is the oldest, popular and biggest Hispanic organization in the U.S. And chief officer and President Janet Murguia of this [...]
Numbers of homeowners in Beachwood, Ohio left and abandon their houses in the crisis of foreclosure, as others across the nation. Story of Richard Davet is different.
Richard and Lynn, a loving family lived for nearly 20 years in a six-bedroom house in the Cleveland suburb. In 1996, foreclosure law stroked him. Instead of [...]
Continue reading: An inspirational fight against foreclosure
Christmas is a time for giving and receiving gifts, a time when family is supposed to come together. On the odd occasion Christmas to some people, is none of those wonderful things. It can be for some a time of loss and despair. Some people, instead of facing a happy family [...]
Continue reading: Foreclosure at Christmas
The financial corporation known as Countrywide has recently announced publicly that it will operate and closely work with a community action group. The group known as ACORN, the Association of Community Organizations for Reform now has been known to be against Countrywide for the corporations lack of effort to assist with people facing foreclosure. Now [...]
Continue reading: COUNTRYWIDE WANT TO HELP WITH FORECLOSURES
As with anything in life there are predators preying on the vunerable. With interest rates raising so high it is forcing people to go through the hideous process of foreclosure, thus losing everything they have worked so hard for. Whilst facing the trauma of possibly losing their assets to foreclosure, they [...]
Continue reading: LOOK OUT FOR FORECLOSURE SCAMS
Owning a house is everyone’s dream, but this can turn into a nightmarish, especially in America, if a family, aspiring to purchase a house, unfortunately lands into foreclosure. The legal implication of foreclosure occurs when the debt on the property which is pledged as security gets defaulted resulting into the same [...]
Continue reading: Choosing Mortgage Product Wisely to Avoid Foreclosure
