Foreclosure1 Blog

About a fifth of the houses that have gone into foreclosure in the Bay Area were bought by investors. Israel Medina is one among many who thought that investing in properties in this region would bring in fast rich dividends. Today 11 of his properties in North California has slipped into foreclosure within the short […]

The Hennepin County Board has funds for groups who are counseling tenants about their rights and safety measures. The Board has primarily two aims – save renters from being thrown out and to stop empty houses from becoming vandalized. Initially $70,000 has been sanctioned for three non-profit counseling groups. Funds will also come in from […]

There is a saying that troubles do not come alone – they come in numbers. If the foreclosure slap is not bad enough it is followed by foreclosure fees and then tax demands. The New York Times reports that as more and more house owners default on their loan repayment schedule it is being suspected […]

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 […]

For Atlanta the weather is bad – foreclosure clouds are threatening. Last month it took a 49% jump over last years numbers during the same time period. This is the largest month-to-month swing ever noted. There are 6,809 houses in 13 counties with a total value of $1,076,975,783 waiting for foreclosure auctions. The […]

In just two days 291 foreclosed houses are going to be hammered down in Boston exposing the depth of the foreclosure malaise in Massachusetts. Real Estate Disposition Corporation has been hired by Wall Street investors to do the job. The company has presided over similar large sales in California, Chicago and Minneapolis as well as […]

In Tucson with foreclosures on the increase the local realtors are finding an alternative in short sales. Lenders allow themselves to be persuaded by the borrower not to go for foreclosure when the price of the house is less than the mortgage dues but to allow a short sale. Lenders require documental proof from the […]

Today it is a buyer’s market with millions of houses slipping into foreclosure. It is the right time for those looking for profitable investment or an entry into a comfortable residence. But for this you need stamina and grit backed with ready cash.
Foreclosure numbers may be high but these are concentrated in few localities. In […]

The foreclosure is a time consuming legal process. In North Carolina property can be foreclosed either through a trust-deed-sale or by judicial action. The latter is rarely applied. The mortgage consists of a document consisting of two parts. The deed of trust is the third part – it is between the borrower, lender and the […]

The unforeseen waves of foreclosure that has been lashing all corners of the country has taken jumbo proportions causing disbalances in the entire socio-economic structure. The crisis has not been contained within the borrower-lender zone but has spilled onto Wall Street and subsequently the international markets. Big mortgage firms are closing shop. There is credit […]