Foreclosure1 Blog

Research studies show that far from slowing down the foreclosures have doubled during the first quarter of 2008 in comparison to what it was in the previous year. Falling real estate markets together with tightening of mortgage loans are held responsible for this situation. More and more houses are not being […]

Across California the foreclosure notices spread like wildfire wreaking havoc during the first quarter of the current year. The worst affected counties were Colusa, Sutter and Yuba. For California it was the highest record in the last 15 years. Across the state the default notices increased by 143.1% during the first […]

The heritage building of literary giant Edith Wharton has slipped out of the foreclosure net. Situated in Lenox, Massachusetts this 97 year old estate was the place where Pulitzer Prize winner Wharton wrote ‘House of Mirth’ and was inspired to go on to pen ‘Ethan Frome’. Today it is mirth and […]

Foreclosures are triumphantly marching on with a trail of devastation in its wake. The foreclosed victims are leaving their belongings and also their pets. The dumb creatures are the latest worst victims of the foreclosure crisis – putting a big question mark on ethics of humanity. Man’s welfare has always been […]

The story of broken foreclosure rescue promises is common across the nation. But in Washington it has equated to penalties in the form of refunds. A business concern that has gone defunct did nothing after making tall promises to foreclosure victims assuring them of help. Today the company has been compelled by legal pressure to […]

The ubiquitous foreclosure is all embracing – enfolding in its grip both the landlords and the renters. Yesterday’s householders become today’s tenants forcing the demand for rented accommodation to rise. The result is inevitable. Rents begin to increase by leaps and bounds as foreclosures prowl across the nation. The situation is grim because the tenants […]

Governor Pawplenty has initiated a plan to help foreclosure victims in Minnesota but more strong action is the call of the hour. Thousands in Minnesota are cowering under the threat of foreclosures. Rising to the situation Pawplenty is planning to extend support given by the state to prevent foreclosures.
Recently Pawplenty announced that he would increase […]

Two persons accused of cheating foreclosure victims of thousands of dollars have been arrested. Fifty nine years Michael D. Henschel hailing from Van Nuys has a record of brushes with the law. He was taken in by the authorities of Los Angeles County on Thursday 17th March 2008. Henschel is accused of 71 federal charges […]

Philadelphia city is the seat of Philadelphia County and the largest in Pennsylvania state. It is aspiring to be a global city. Philadelphia has always been the centre of American history and in the 18th century was the country’s first capital. It is difficult to believe that not only as foreclosures […]

Arkansas in the southern part of US hugs the Mississippi River. Girdling Arkansas are mountains and lowlands of the river adding a touch of diversity. Little Rock is capital bustling with prosperity. Yet into this dream land are hanging dark clouds of foreclosures. In February it rose by 5% from 2007 and by 19% from […]