Foreclosure1 Blog

Last October 115,568 foreclosures had been listed but this year it is 224,451, showing a 94% increase. The numbers are 2% higher than the September number of 219,850. In October the ratio was one foreclosure for every 555 houses. The foreclosure filings are inclusive of default and auction sale notice as well as bank repossessions.
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With foreclosures on the rise and millions being affected the victims are no longer willing to take it lying down. House owners staged agitations in front of the offices of Countrywide Financial vociferously demanding that the mortgage king take positive steps to check foreclosures. The afternoon rally was organized by Mabuhay Alliance.
Greenlining Institute and Mexican […]

In Cumberland the number of foreclosures is vying with divorce rates and is nearly catching up with the other. A civil clerk at the court alleges that half her work is about foreclosures. Over the last five years the number has been steadily and of late abruptly rising. Attorneys from other cities are now engaging […]

Foreclosure winds are racing across the nation with some pockets being worst affected than others. Washington so far is below the national average but the apprehension is that within the next one year the numbers will rise. Predatory lending has lured many borrowers into this sub-prime loan trap that inevitably leads to foreclosures. Goaded by […]

Rescue scammers are following foreclosure victims like a secondary infection dogs the heels of the primary disease. These scammers are the vultures of human society – ready to pick clean the bones of victims left to die by the foreclosure predator. These scammers bank on the inability of traumatized borrowers who are in no condition […]

Foreclosures are rising – rising by millions right across the country. This means increasing auction sales. Many are hopeful and sometimes sure about clinching a bargain deal. But the reality is different. In California 12,336 foreclosed units were up for sale in courthouses. Of these 97% returned unsold to the lender. In Santa […]

It is the same story whether in smart neighbourhoods or the lonely stretches– foreclosures and foreclosures Thousands are facing it because of having fallen back in tax payments for more than two years.
Woitowicz, Treasurer of Wayne County had listed over 18,000 properties in the Sunday Free Press – that took up 121 printed pages. 161,000 […]

On Tuesday a bill was passed by Massachusetts Legislature that gives more teeth to the law in trying to solve foreclosure problems. In the following week the Governor will sign and ratify it. This bill together with other regulations imposed last month is the harshest crackdown any state has taken on the mortgage industry. The […]

Although initially in Massachusetts, foreclosure deed numbers declined and the auction figures did not increase, the petitions have risen. A deed is a document that proves ownership and is used to transfer the property. A petition is a formal request made to a court or public agency asking them to do something. The filing […]

The region hardest hit by foreclosure is Cleveland. Today it has become the crime capital of the country – thanks to foreclosures. The working class resided in Slavic Village. In 1840 people migrated from Poland and Bohemia to set up their home with hard work and diligence. Steel mills and factories flourished. But when one […]