According to the
Nashville Business Journal saw foreclosures drop 3% in June 2008 which is a bit of an improvement but don’t get too excited because foreclosures are actually up 53% from last June. So in just 12 months there has been a huge increase in foreclosures.
South Dakota, North Dakota, and West Virginia […]

Insurance officials are worried that a trend is developing between foreclosures and a spike in arsons. Individuals are walking away from houses where the mortgages are in default and then suddenly some of these houses are burning to the ground.
The Edmonton Journal reported that just recently a beautiful old Victorian home in Bedford Massachusetts […]

For anyone that’s got a few extra dollars kicking around and who recognizes real estate for what it is – a cyclical investment that when bought and sold at the right times can be an excellent source of profitable cash flow.
There’s no question that there’s plenty of folks that have been devastated by their home […]

Homeowners that have found themselves facing foreclosure can rejoice. According to a news release today, it seems that the main mortgage lenders have put their heads together and come up with a plan.
It actually all began last October when government was encouraging lenders to work something out that would help those facing foreclosure avoid it. The […]

According to Reuters the City of Philadelphia has put together a plan that will stop people from loosing their homes. This is welcome news for those facing foreclosure. So what’s the plan?
Well Philadelphia officials have put together the first municipal plan of its kind which will require that houses that are being sold by the […]

If you’re facing foreclosure, you aren’t alone as more and more families find themselves at risk of loosing their homes. It’s time you learned how to hang onto your home, and avoid foreclosure.
According to The Council Of Mortgage Lenders by the end of 2008 the number of families that loose their homes will have […]

According to the Los Angeles Times there just might be some hope for those facing foreclosure of their homes. It appears that senate leaders may have reached an agreement on a voluntary mortgage rescue program.
What does that mean for struggling homeowners? It seems that the proposal is looking to provide up to $300 billion dollars […]

These days it seems foreclosure is on the minds of many. According to the Washingtonpost.com the state of Maryland seems to be taking at least some action to help those in distress. This weekend there is a foreclosure prevention workshop being held. Likely one of many to come in the future. And if other states […]

When asked about his outlook on the future of the mortgage market, Goldman Sachs CEO Jan Hatzius, estimates a loss of $400 billion over the next year.
He thinks the mortgage market overall will have a huge impact on the economy as a whole. Soon other sectors may start to feel the crunch of this credit […]

Governor Ed Rendell has announced plans to further expand their mortgage relief programs for people who are at risk of foreclosure. The programs that have been in place since the summer time are called, HERO and REAL.
HERO is the Homeowner Equity Recovery Opportunity. It is designed for Pennsylvania residents who have not be able to […]