The foreclosure crisis is leading to the opening of a can of worms. Mortgage probes are underway focusing on valuation of property. The question is whether the lending firms noted the correct value of the mortgaged houses on their balance sheets and also if the securities that were linked with these mortgages were properly marked [...]

It seems that after the foreclosure related Walls Street carnage, life will follow a different course. But some experts differ. They say that there would never had been this housing cum financial bubble allowed to blow up and then burst flat had not there been huge funds that were foreign-owned parked in USA as also [...]

In California the soaring foreclosures have pulled down prices of properties since last August. The information was revealed by the MDA DataQuick, which also said that the sale of houses had gone up while prices tumbled drastically due to the foreclosure crisis that was riddling the country for the past two years. Numerically, the state [...]

In South Florida it is dangerous to live in a neighbourhood that is dotted with foreclosed units. These abandoned houses are not just eyesores but they attract crime and disease. The unkempt gardens become a haven for snakes as they chase rodent packs and leaping frogs. The stagnant slimy pools apart from posing danger to [...]

In California the foreclosure crisis has caused price of houses to drop but sales have picked up and risen phenomenally. There was a 13.6% increase in sales in August 2008 from what it was in August 2007. However there has been a drop of 3.8% from July 2008. DataQuick has released the figures. Of the [...]

The foreclosure crisis is no longer confined to lenders and the borrowers who are the house owners. Foreclosures are also ensnaring tenants. The nation’s jumbo landlords club together as a trade association known as The National Multi-Housing Council. This group has always been aggressively advocating the spread of the motto that each American should own [...]

Democrat Senator Robert Menendez spoke of his simultaneous plans for containing foreclosures and helping modest business concerns on Friday 19th September. Menendez is also member of the Banking Committee of the Senate. He was speaking at the Newark Club on the day the federal government declared plans to revive the staggering economy and the tumbling [...]

The rate of foreclosures spiked across the Treasure Coast of Florida according to RealtyTrac.
According to the report 1,611 properties in St. Lucie, Indian River and Martin counties were foreclosed upon in July 2008. This is four times higher than the numbers of the previous year. St. Lucie County led the three counties in the foreclosure [...]

A new word has been coined – foreclosure pets. These foreclosure pets are abandoned to fend for themselves as their human owners struggle to survive.
Endless individual stories are filtering through that speak of human callousness and cruelty. Few months ago a big Rottweiler was one of the foreclosure victims in Vallejo. The dog was recently [...]

The recent craze for buying houses in the US is because of the flexible rates of mortgages. The owners didn’t realize that the rates would be adjusted upwards. This trap lured the owners towards buying houses, leaving their rented abodes. It is estimated that about 1%of the total number of house owners were facing the [...]