News About Government Repo Homes
Foreclosures in USA Jeopardizing World Economic Stability
Posted on July 3, 2009
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The effects of foreclosures in USA have spilled over across the ocean to jeopardize the economic stability of the world. This was discussed at a high level summit of the U.N. under the aegis of the president of the General Assembly
Foreclosed Climate Leads to Fears about Census Results
Posted on July 2, 2009
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The foreclosed homes climate is leading to fears about census results triggering Hispanic politicians to club together in an effort to persuade their constituents to fill in census forms. This is in response to strong criticism leveled against them that they hitherto have failed to count properly the minorities. In this current year the Census [...]
Massive Foreclosure Related Scam Pins down Montclair Man
Posted on July 2, 2009
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The machinations of a man from Montclair, Michael J. McGrath involving $139 billion led to the bankruptcy of a mortgage company in New Jersey. McGrath pleaded guilty to the charges of fraud. It led to the collapse of U.S. Mortgage Corporation and its auxiliary CU National Mortgage. This announcement was made [...]
Borrowers Awaiting with Trepidation the Knock of Foreclosure that is not Coming
Posted on July 2, 2009
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Borrowers are falling into a state of financial limbo. They have defaulted and are waiting with trepidation the knock of foreclosed homes– but that is not coming;
New Foreclosures Waiting to Crash
Posted on June 30, 2009
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Troubled days are ahead for those with ARMs as new foreclosures are waiting to crash. This time the sub-prime crisis could pale into insignificance causing the housing crisis to get prolonged and intensify.
Vanilla Loans will Prevent Foreclosure Rerun
Posted on June 26, 2009
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The Obama administration has rightly thought that the giving of ‘vanilla loans’ will prevent foreclosures for sale rerun in future. By it those who now contract mortgages will automatically get one such ‘vanilla’ loan like a conventional 30 year fixed rate mortgage – if however they do not opt for a riskier loan.
Foreclosure Deadlines at the Click of a Mouse
Posted on June 25, 2009
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The days of electronic processing are here. It can save precious dollars while meeting the deadline of foreclosures. An eMortgage System Processing (ESP) program has been put in place by REO Alternatives in partnership with Overture Technologies, Rapid Reporting Verification Company, and SigniaDocs.
Las Vegas Listing Biggest Number of Commercial Foreclosures
Posted on June 24, 2009
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Right across the country commercial foreclosures are on the march with Las Vegas listing the biggest numbers. The forecast is that things will get worse in the coming months with banks taking over retail and office buildings on a massive scale.
Impending Resets Poised to Trigger off another Wave of Foreclosures
Posted on June 23, 2009
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There is more bad news in the offing – impending mortgage rate resets are poised to trigger off another wave of foreclosures. According to the Financial Times of London the worst has not been seen as yet.
No One is Paying the Insurance of Foreclosed Houses
Posted on June 22, 2009
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t is a matter of grave concern that no one is paying the insurance fees of foreclosed houses in Florida. This is a source of worry for all adjacent houses now that that the hurricane season has set in.