La Plata County has experienced the highest home foreclosures since 2000. The amazing fact is that home foreclosure has risen nearly 50% since 2006.
In 2000, 77 homeowners filed for foreclosure and there have been 74 home foreclosures filed in 2007 till. The numbers of foreclosures this year have increased as compared to the year 2006. [...]
Christmas is a time of joy, but foreclosure notices in the mail have disturbed family festival for quite a few number of Metro area families.
They are trapped in a “rent to own” catch of contract, and till now, as per their notice, they were paying to the developer. Then why is the bank in process [...]
The foreclosure catastrophe urges timely actions and local community is in process with plans and a step to buy empty homes. It is crisis metro cities across the country are confronting, and Cheviot says it wants to take steps that help to stop forsaken homes to lead to stain and scar. As per the survey [...]
Gov. Janet Napolitano has designed a strategy to help homeowners of Arizona who are under the danger of subprime mortgage meltdown due to rate changes. She developed this plan after meeting and discussion with representatives from GMAC, J.P.Morgan Chase, Washington Mutual, GMAC, Wells Fargo, Arizona Bankers Association and Countrywide.
The strategy to help borrowers [...]
Continue reading: Helping Hands from State and Lenders to stop foreclosure
Investors are there to make profit out of the houses washed in depressive waves of foreclosure. They want to make money from the people who have no money left. They are here for bargains, in state Supreme Court’s lobby.
Sonia E. Patterson from Mount Vernon who is an associate broker at Regency Homes Realty shares her [...]
Continue reading: Foreclosure Auctions – Out of Reach of Common Public
Rescue schemes for foreclosure are themselves fraud – warns Catherine Cortez Masto, Nevada Attorney General and Ross Miller, Secretary of State.
According to reliable reports Nevada tops the nation in foreclosure filling numbers. Law enforcement authority said, this is the reason for reported increase in foreclosure scams.
There are companies who say that they [...]
Continue reading: Beware of foreclosure scams in Nevada
Real estate investor in Bay area, Israel Medina is starring at foreclosure notices he found, not only one but 11 of his Northern California properties are in the list, for the year. The year ahead has been a hard hitting for him when his limousine company gambled too big to buy 11 [...]
Continue reading: Investors top the list of foreclosure in Bay Area
Last week, the U.S. Senate passed legislation that will expand America’s biggest federal homeownership program and thereby aid sub prime borrowers in their efforts to avoid foreclosure. The bill gained Senate approval by a vote of 93-1. It will free-up tight underwriting standards and also raise the maximum limit for loans [...]
Continue reading: U.S. Senate Moves To Limit Future Foreclosures
