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Foreclosures Have Badly Hit Agents
Foreclosures have badly hit the agents and realtors. Scott Persin of Naperville placed his own spacious house in the market. But this time he knows that the returns will be different from two and a half years ago when with the profits of selling another house he bought this one.
The Highest Court in South Carolina has Temporarily Halted Thousands of Foreclosures
The order was given by the court responding to a request coming from an attorney of Columbia who was representing Fannie Mae. The attorney had argued that to make the federal assistance programme effective it was necessary to keep the borrowers in their homes till that time. Otherwise the entire purpose of the assistance would be negated with thousands being left out of its purview.
Florida Court Adopts New Method to Blast Through Foreclosure Cases
The foreclosure crisis has been battering Florida like the worst type of hurricane. The state leads the nation in number of defaults and its legal system has been devastated with the huge number of foreclosure cases. This has led to cases piling up – ready to touch the sky. Although Obama is trying his best to keep the occupants in their houses, the officials of Lee County say that the numbers are so staggering that many are sure to lose their homes in any case.
The Irony of Wanting to Foreclose even without Lending Money
It is a paradox – the irony of wanting to foreclose even without lending money. Judge Walt Logan in Florida is handling 28 cases in which a firm named MERS is hounding home owners with foreclosures even though it has never loaned them any funds.
It is Bad News for the Government as Foreclosure Crisis Refuses to Abate
It is bad news for the government as the foreclosure crisis refuses to abate. There are predictions that it will worsen before it dies. ARM’s are due to increase its rate of interest and commercial foreclosures are ready to hit the nation in a big way.
A new programme known s the Bad [...]
In a Foreclosure Climate All Sorts of Problems Are Surfacing
In a Foreclosure Climate All Sorts of Problems Are Surfacing. Homeowners of Santa Cruz are receiving letters that are promising them help in making tax reassessment, of course, in return for a fee. Small wonder, then, the county Assessor’s office has been flooded with phone calls from harassed landowners wanting to know what is going [...]
Amidst Foreclosures Morality Is Fast Becoming A Rare Commodity
The situation is grim and as the economic situation shows no signs of improving, frauds are becoming quite common in the US. Amidst foreclosures, mortgages, human morality is fast becoming a rare commodity. A couple who owned a mortgage brokerage firm has been found guilty of fraud. They used a scheme in which fake buyers [...]
Foreclosed Properties Are Fertile Grounds for Proliferating Stagnant Green Pools
In the foreclosure infested regions of USA like Las Vegas the foreclosed properties are fertile grounds for sprouting green stagnant pools.
In the dry southwest swimming pools were, till the other day, symbols of status – of having achieved something to show off. But with neighbourhoods becoming ghostly and vacant, thanks to foreclosures, these once sparkling [...]
Foreclosure Notices Increase in Monterey County
Foreclosure notices saw an increase — by as much as 38 per cent in Monterey County. A total of 2,622 households, which means one in 53 homes, have received foreclosure notice in the first half of 2009. In California, the figure stood at 1 for every 58 homes while the nationwide average is one in [...]
Foreclosures Are Breeding Sophisticated Swindlers
Foreclosures are breeding sophisticated swindlers – those who prey like vultures on the misfortunes of people.
Jim McConville is one of them. A real estate mogul he courted partners for purchasing a massive number of properties. The partners did not have to invest any money – all they had to do was to lend their credit [...]