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The Declared Numbers of Foreclosed Houses Are Not Giving the True Picture

The declared foreclosure numbers are not giving the true picture – the truth is far grimmer than what the figures say.
A realtor of Pyramid Real Estate, L.J. Jennings say that the banks have taken off many units from the MLS listings and these are therefore not openly in the market but remaining in the sidelines [...]

Pundits Are Apprehending Worse Foreclosure Days Ahead

A group of housing pundits apprehend that the woes of builders will worsen this year because of foreclosures. Recovery cannot be expected before 2010.
David Crowe the chief economist of National Association of Home Builders said that they expect 2009 to be the “down year, to be the bottom.” He was speaking at a news conference [...]

Courts Fear That Budgetary Constraints Will Have a Negative Impact At a Time when Foreclosures Demand More Judicial Work

The courts are worried and fear that budgetary constraints will negatively impact them – especially at a time when the foreclosures are demanding more judicial activity. This was expressed by Marsha Ternus, Iowa Supreme Court Judge, while speaking at an annual conference of the judiciary before the lawmakers of the state. She said that the [...]

Foreclosures Are Placing Tough Challenges before the Church

Foreclosures are posing tough challenges before the Church. People are not contributing as much as before, people are expecting more help from the Church and all the while the Church has to see that its own lights are burning bright.
In Grace Point Church, North Las Vegas, the mood is grim. The casino and construction worlds [...]

Foreclosures Are Changing Housing Patterns and Trends

The economic slump kicked off by foreclosures is changing the housing patterns and trends in development. There is a shift in values.
The Atlanta White House – a grand mini replica of the original White House replete with Oval office and Lincoln bedroom, symbolizes the previous mood of architecture. As a result during the boom days [...]

North County Times Conducted a Survey on Local Foreclosures

The North County Times conducted a survey on local repo homes and honed in on a handful of brokers dealing with real estate who have ended up with an extraordinarily high rate of foreclosures. It is much higher than the average of the locality and raises eyebrows. This could not have happened at random or [...]

Immigrants Have Been Worst Hit by Foreclosures in New York

There has been some general improvement in the foreclosure climate in New York but Queens continues to suffer from its curse. In various ways the effects are now surfacing.
Propertyshark.com has been tracking the first-time foreclosures in the important cities. It had good news for other boroughs other than Queens. In the latter borough the first- [...]

The Los Banos Rescue Mission Is Facing Foreclosure

In Los Banos there are two facilities helping the poor – the Los Banos Rescue Mission and The Salvation Army. The property on which these two are located is under foreclosure since August last year as per the records of Merced County. The buildings are on 1231 Fourth Street. The default notice was delivered on [...]

Mortgage Brokers Largely Responsible for Engulfing the Hispanics with Foreclosures

The mortgage brokers were the key players in engulfing the Hispanics with foreclosures.
Phi Nguygn was formerly a broker. He worked with two firms based in Washington that employed many from among the Latinos. Jumbo firms like Countrywide and other sub-prime lenders frequently sent their representatives to the offices of the brokers. These representatives cleverly showed [...]

Citygroup Will be Supporting a Deal for Mitigating Foreclosures

The Democrats of the Senate recently announced that a deal has been made with Citygroup for supporting a bill that will largely mitigate foreclosure woes for those who are facing bankruptcy. The announcement was made at a press conference in Washington D.C. – the hosts being senators Richard Durbin, Christopher Dodd [...]