Articles about Foreclosure Homes

Artist Inspired from Foreclosed Houses

Art expresses life. Life today in America is dominated by foreclosures. An artist in Nevada has been inspired from the devastation of foreclosed houses – dark windows and loud orange notices screaming eviction. A soul shattering exhibition has been set up – America’s #1 Foreclosed City: Las Vegas. Financial tragedy is now fuel for the [...]

Banks have an Interest in seeing to the Maintenance of Foreclosure Homes

Jill Swanson of Environmental Health Services who is engaged in battling foreclosure blight in the townships of West Windsor and Robinsville said that if the owners cannot be contacted the local administration clears up the mess and then places a lien on the property to be realized when it goes up for sale. But she [...]

The ‘repo’ Man Visits Foreclosed Houses to Evict These of Occupants

Joseph Laubinger has been nicknamed the ‘repo’ man as he trudges from one foreclosed house to another trying to make the eviction process easy for both the occupants and the financial entity that has engaged him – Fannie Mae. One of the houses he visited was occupied by a Polish couple Bajrak and Beata Lukasz [...]

Amidst Foreclosures, Lenders are Failing to Modify Loans Permanently

The American economy is on a tailspin what with unemployment at an all-time high. As people lose jobs, even those with sound credit rating, are faltering on mortgage payments. Hence, foreclosures have become common. The Federal government has come up with Making Homes Affordable program. As part of this program, the loans of homeowners are [...]

People Being Rushed to buy Foreclosed Homes

People are being literally rushed to buy foreclosed homes with various incentives like tax credit being offered. Experts are questioning the sagacity of such a policy even though it may be politically rewarding. Ted Gayer of Brookings Institute is one of the critics of the tax credit policy. Figures show that a good number of [...]

Stale turkey in Foreclosed Home does not Deter Buyers

Usually the smell of turkey roast would help to sell off a house; but if the turkey has been sitting in the bake for over a month, the stink might put off the buyer. But even though Preston Wright was a vegetarian he would not be deterred from the purchase of this unit in St. [...]

The Value of a Foreclosed Home Depends on the Bank

The US is yet to recover from the economic crisis. People are faltering on loans after job loss – a phenomenon that has made foreclosures very common. Certain regions are riddled with foreclosures. Now the question that arises is what could be the value of a house in a region that has many foreclosed homes. [...]

As lenders Foreclose the Credit Scores of Borrowers Get Battered

As soon as one group of consumers is trimming down their debt liability another group is falling back in their mortgage payments and courting foreclosures. Unemployment is also hurting their credit card dues. The activities of the lenders are affecting even those with prime credit. Lenders are shutting down accounts of credit card holders and [...]

Option ARM Loans Will Soon Flood the Country with Foreclosures

Repeated warnings are being given of Option ARM loans poised to flood the country with a new wave of foreclosures. The monthly payments are ready to jump. But those in New York City will not be acutely affected. During the time of the housing boom these loans were the last word as regards “affordability”. The [...]

Newer Subdivisions Mauled By Foreclosures

Newer subdivisions are now being mauled by foreclosures. Hamilton County had not suffered from unemployment that has rocked the rest of Indiana but the number of foreclosures in the wealthiest county has sharply spiked from 971 in 2007 to about 1,400 listings this year. In October there were 200 foreclosure listings in Hamilton County in [...]