Foreclosure1 Blog

With the number of foreclosures running into thousands the banks in Cleveland are finding themselves drowning from the load. They are being compelled to offer these houses for sale at one-third their original price. This has led to the valuation of other houses not in foreclosure to drop.
The sale of foreclosed houses have gone up […]

Last Saturday hundreds of harassed foreclosure victims crowded around many local officials in the chambers of Oakland City Council worried about how to tackle the menace. This epitomizes the severity of the national crisis on the Bay Area. The Mayor of Oakland, Ron Dellums was loud and clear in this being the ‘local response to […]

Desperate times need desperate measures. The foreclosure crisis is showing no signs of mellowing down. Senator Frank Padavan is thinking about bringing in legislation to help foreclosure victims.
Comptroller William C. Thompson Jr of Queens is also coming forward. He has set up Foreclosures Prevention Helpline. Thompson had been working at solutions from April 2007 by […]

There is not much to celebrate during this happy season. The end of the year saw 10,000 houses struck down by foreclosures. The lenders repossessed almost all, except for 10%, of these houses. The houses are a headache for the banks also. They will be sitting around unless buyers pick them up for prices less […]

Nebraska Supreme Court will give a second chance to two defendants to plead their case. Their contention is that they were cheated out of their houses. In 2005 the High Court of the State had taken up 13 cases against Mid-America Financial Investment Corporation. Of these 11 cases were adjudged to be instances of defrauding […]

The Manor House has a popular history behind its name. It has been the venue of weddings, parties and corporate gatherings for quite some time as per records in Jefferson County Public Trust Office. But foreclosures understand nothing. A notice was filed on 31st December.
T&T LLC, the owners have till 12th February to file an […]

Christmas was not without cheer last year. As the holiday season ends many will be relieved to know that they will not be burdened with tax bills for getting a part of their loan forgiven. Congress recently approved a tax-relief bill to help many. When there is a short sale the amount is often less […]

In 2007 foreclosures have outraced civil cases in Tuscarawas County – although it was below the apprehended levels. It accounts for 43% of the year’s civil cases. According to Rockne Clarke, citing records from the County court, in 1997 foreclosure comprised of 14% of the total number of cases. However although the numbers are not […]

Foreclosures are on the rise across the nation. Following the footsteps of the predators are the scavengers – picking the leftovers and making the situation worse for the unfortunate victims. In a recent release the Attorney General is pressing for legal steps to be taken in the forthcoming session to help control this menace […]

Of late foreclosures have become a fashion. Until 2005 the real estate market was in boom but the balloon burst in 2007. In Lee County there were 11,698 foreclosure listings till the end of November. It showed a triple jump from what it was in the previous year. The increases were marked from 2006 in […]