Real Estate Foreclosure Blog
Winnetka has finally come under the gloom of foreclosures replete in all its fury with shadow inventories. One family exited from their foreclosed house and four days later a For Sale sign appeared. Their story reads like a novel dotted with black spots but with a miraculous happy ending.
The family comprised [...]
According to a survey conducted by Homes & Land the majority of the realtors think that HAMP is not containing foreclosures. Only 10% think otherwise. The firm is based in Tallahassee in Florida. Thousands of realtors were asked for their opinion about the local market conditions and the results of this [...]
Foreclosures are at an all-time high in the US. The Federal Government had come up with a program to stall foreclosures. As part of this program, the loans of homeowners are being modified, first on a temporary basis, and then permanently after a period of three months.
Yet foreclosures have not been stalled, not because borrowers [...]
Despite wide support given by the government to the housing sector the previous year of 2009 can be said to have been a year dominated by foreclosures. This is clearly indicated in the data provided by the National Association of Realtors. The median price of single family units continued to tumble through the year. According [...]
In 2009, a record number of foreclosures happened – 2.8 million households received foreclosure filings. That number is expected to increase in 2010 as unemployment increases and house owners are not able to remain current on mortgage payments.
In fact, the percentage of homes that got foreclosure notice increased by 21 per cent in ‘09 as [...]
Baltimore is going through a tough time trying to prove its allegations of discriminatory lending practices against Wells Fargo. Baltimore City however deserves some more time quantify its charges.
Some alarming evidence has been found by Baltimore City to substantiate the charges it has made in the legal suit against Wells Fargo. Baltimore contends that this [...]
The government has already intervened considerably but despite this foreclosures are persisting. This is making many in the government think about continuing with the assistance. The mid-December meeting of Federal Open Market Committee indicated a continuing concern about how far the recovery has actually taken place considering the high unemployment figures [...]
Octogenarian Giuseppa Bagnarol was on her deathbed – the grand matriarch being surrounded by innumerable family members. They had all come to the retreat in Redwood City that Giuseppa had set up. It comprised of an estate of three houses sweeping down a hillside where she led a green life raising chickens. Some of her [...]
Real Estate Foreclosure Blog