Foreclosure1 Blog

A property belonging to Missouri Baptist Convention will be up for foreclosure sale on 6th November 2007. The legal representative of MBC opines that the foreclosure notice will not deter them in their effort to recover five other properties including the Windermere Baptist Conference Center. The target is to have Cole County Court declare […]

The owner of a condo in Monmouth County in New Jersey has a lot to complain about. He has not had the dryer vent cleaning done and asking for an extension repeatedly. When he asked for an extension again he informed the management of the company that he would stop using dryer. This […]

The prediction is gloomy. Foreclosures will rise further and the number could well touch 2 million by the end of 2008. The Joint Economic Committee of Congress is in a huddle over the matter and will soon be issuing a report.
Imperative steps have to be taken to reduce the severity of the foreclosure crisis.
The property […]

Nature hates vacuum. Man has deserted houses and homes – hounded out by foreclosures. Mosquitoes have taken over. 23 types of bloodsuckers are thriving in the stagnant waters of deserted pools. 1 million larvae come alive only in one pool. The residents of the locality are now in grave danger of being afflicted by the […]

Strange are the ways Man makes a living. Some like vultures pick the bones clean of victims already half dead by the foreclosure viral attack. Like vultures they have no conscience. One such company in Harris County is about to be shut down thanks to the intervention of the state initiated by the Attorney General […]

Foreclosures increased by leaps and bounds in Pima and Maricopa County. The rise was by 311%. In September this year the number rose to 2,414 from 777 in 2006. In Arizona, the race was led by Maricopa County with 2,127 foreclosures. Pima County recorded 287 last month.
It is the same story coming from sufferers. […]

A Legislative Study Committee came to a consensus that something should be done for those foreclosure victims who unwittingly walked into it. But they drew their line when it came to speculators who are being similarly affected.
The Committee resolved to fund a toll free hotline for troubled house owners as the problem was that most […]

The foreclosure has taken the country by storm. The story began with the introduction of the sub-prime loan to accommodate those who, due to bad credit history, could not avail of the prime loans. In the latter one must make a down payment and show proper source of income in proportion to the loan being […]

The sub-prime market was created for those with bad credit and could not qualify for prime loans. It was hoped that by introducing it all and sundry would benefit and become a house owner. But nobody took into account the greed and predatory nature of Man trying to squeeze and choke another. When interest rates […]

Statistics never lie. As per facts and figures it is clear that the minorities bear the major share of the foreclosure crisis.
Minnesota came 12th in the national foreclosure race exposing the fact that it is minorities who were duped. In 2006, in Minnesota of the total number of mortgages 42% of the sub-prime loans were […]