Foreclosure1 Blog

Carty Finkbeiner, the Mayor of Toledo city assured that everything would be done to support the ongoing process of federal legislation focusing on the foreclosure mess. Ohio and Michigan are one of the worst hit pockets. He has suggested legislation to the Toledo City Council urging it to give full support to the two federal […]

After sitting on the fence for months while the foreclosure tsunami raged, the Senate has at last come forward with two bills on 14th December of major significance. It may help some boiling in the foreclosure cauldron.
The FHA Modernization Act that had been stalled for a long time will reduce the amount of down payments […]

In a statement the former mayor of Cleveland, George Voinovich expressed his grave anguished concern for the ongoing foreclosure crisis in US. He is a senator from Ohio (R-Cleveland) and a former Governor.
He is especially concerned about the repercussions of the foreclosure crisis. Cleveland is his hometown and it is one of the worst affected […]

Foreclosures numbers are rising in Staten Island but perhaps it is not as bad as is reported. Data is pouring in but interpretations differ.
A professional online research team (RealtyTrac) reports 305 Staten Island foreclosures during November, making it the highest foreclosure offender amongst the counties in the state. In October the number was […]

Lt. Governor John Carney is not content to sit and watch the foreclosure waves rising and drowning everything in its path. He is actively seeking $1 million to pep up foreclosure assistance programmes of Delaware. In the second quarter the number had risen to 2,500 as against the state’s annual standard of 2,000. Carney took […]

The International Bank of Commerce lent funds for the construction of Emerald by the Sea condo tower. The bank stated that it does intend to initiate foreclosure proceedings against it in January 2008. Rather it is planning to pump more funds into the speedy execution of the project. A newspaper report (Daily News) had said […]

The 89 years old Hudson Portuguese Club has a spacious new hall with a chapel and a separate room for trophies. The Club has much to cheer about as it managed to raise over $1 million within six weeks to fend off a foreclosure suit filed against its property on Port Street […]

Paulson the US Treasury Secretary is on a tour trying to booster up support for the government for its foreclosure relief plan. He underlined that the plan was not a blank bail out for people who contracted reckless agreements. In an interview with a television channels he said that foreclosures are bad both also for […]

Henry Paulson Jr. the US Treasury Secretary and Governor of California, Arnold Schwarzenegger met at Stockton to discuss foreclosure matters on Tuesday 18th. Stockton can be termed the foreclosure capital of US! During the third quarter of this year Stockton, situated 80 miles from San Francisco, has the highest foreclosure rate among the 10 metro […]

The sun is covered with thick foreclosure clouds in the Sunshine State considering it is one of the top rankers in this dubious race. Florida registered the third highest number of lender repossessions (the lenders mostly being the banks). The state is the fourth as regards year-to-date foreclosures with the number rising to 36,393. It […]