Foreclosure1 Blog

Washington was not immune to the foreclosure virus. Last year 0.57% house owners were in some foreclosure zone or the other. It ranked 21st across the country with Oregon closely following on its heels. In 2006 it had ranked 18th – so that was some comfort that it has somewhat improved its position. In 2007 […]

According to reliable sources foreclosures rose by as much as 31% from 2006 in Georgia. About 1% of its householders are in some stage of foreclosure. It is a grim picture. Across the country Georgia ranked 7th in foreclosure related matters – default and auction notices as well as bank repossessions with the number touching […]

Carmen Rosa is one of the many battling foreclosure. The value of her Brockton house has gone down $100,000 but her mortgage payment has shot up by $600 per month. She tried in vain to contact the lender but was given a cold shoulder. Having to look after 6 children this nursing assistant does not […]

With real estate prices tumbling because of the foreclosure crisis there is a hurry and scurry to try one’s fortune and pick up a deal. But there is a catch. Not all bargains turn out to be lucky.
The apparent low price does not speak of the actual value of the foreclosed house. It may need […]

In Hawaii the real estate weather is not bad – prices are slowly but surely appreciating. This is luring more investors into the field because foreclosed or about to be foreclosed houses can offset the losses with gains in equity. Last November there were 113 foreclosures that calculated to one foreclosure out of 4,346 houses. […]

California is one of the top rankers facing the foreclosure tornado. The last quarter of 2007 seems to have broken all previous records. Experts are apprehensive that things will be worse this year as interest rates go up making it impossible for borrowers to manage their finances. The fall out is growing number of vacant […]

Valentine’s Day in Grand Rapids, has been chosen to by Attorney General Mike Cox to fix a shaking hand programme between foreclosure victims and lenders. Cox commented that since foreclosures directly or indirectly are affecting everyone it is important that the ice is broken and the two parties sit at the table together to work […]

Bill McCollum, the Attorney General is active in seeing through a legislation that will nab the foreclosure rescue scammers. He has filed a suit against National Foreclosure Management and its affiliates based in South Florida for cheating at least 80 house owners and siphoning off $1.7 million by way of equity on houses.
A message was […]

In February a record number of houses (115) sitting on foreclosures in Mclennan County will face auction, according to records complied by Harvey Public Records. It is a record as far as monthly figures go, as the only time figures came near to this was in November 2007 when there were more than 100 foreclosure […]

The developers of an idyllic mountain resort in Lassen County are facing foreclosure. By 2 pm on 4th February they will have to produce $15.8 million to stave it off. California Mortgage and Realty Inc, a real estate company based in San Francisco, to that effect has posted a notice.
Dyer Mountain Associates are […]