Foreclosure1 Blog

In Philadelphia, housing counseling and assistance bodies are overwhelmed with SOS messages. For many house owners things have become worse by refinancing. The group – West Oak Lane Community Development Corporation - is all booked up, they have no elbowroom to accommodate the deluge seeking help to avoid foreclosure.
The former mentioned group is a non-profit […]

Since 1995 foreclosures are up by 600% in Summit County! In Akron more than half the numbers of properties have been sold at extremely low rates by the banks, according to reports released by a committee set up by Akron City Council. Predatory lending in the sub-prime mortgage category is primarily responsible for this crisis. […]

The prediction is that within the next year and a half the foreclosure weather clouds will further darken. Nearly two million houses in America will be facing foreclosures.
William Bailey, an authority on family science from Arkansas University opines that to hold on to the keys of the house is to act quickly and strike fast. […]

The foreclosure is a time consuming legal process. In North Carolina property can be foreclosed either through a trust-deed-sale or by judicial action. The latter is rarely applied. The mortgage consists of a document consisting of two parts. The deed of trust is the third part – it is between the borrower, lender and the […]

The unforeseen waves of foreclosure that has been lashing all corners of the country has taken jumbo proportions causing disbalances in the entire socio-economic structure. The crisis has not been contained within the borrower-lender zone but has spilled onto Wall Street and subsequently the international markets. Big mortgage firms are closing shop. There is credit […]

From the dawn of time man has always stood up to challenges even after a temporary fall. Today America faces one of the biggest crises wherein millions are affected and becoming homeless. But a fight is being put up. Help to Arizona foreclosure victims is coming in the form of packages from Small Family […]

Mori Hosseini, one of the big names in the world of land development being president of ICI Homes. The latter is one of the giant property developers dealing with projects coming up in the Volusia-Flager region and other localities. Hosseini has filed a foreclosure suit against another developer couple – Felix Amon and his wife […]

The pace of foreclosures in Athens County is slow but beginning to pick up pace. This year the figure is 131 and it is anticipated that by the end of 2007 the number would exceed 180. Nevertheless the crisis here is not quite so acute and noticeable as in other parts of Ohio County. […]

In Ohio the picture is grim. National trends are scary. In central Ohio last month 2,930 houses were listed for foreclosure. It was indicative of a 37.6% jump from July. In Ohio state 17,793 units entered foreclosure. The state now ranks 5th. The increase from July was 33.6% and 138% from August 2006. However Ohio […]

In September this year the number of foreclosures across the country doubled from what it was in August and marked a 36% rise from July. In August 243,947 foreclosures had been listed which showed a 115% rise from 113,300 foreclosures last year during the same month. In July 179,599 foreclosures were listed. The numbers have […]