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Latest Delaware Headlines

• Legislators in Texas Are Trying to Slow Down Foreclosures - May 25, 2009

  Legislators in Texas are trying to slow down foreclosures. A bill has already got the green signal from the Texas State Senate. It will allow for more time to be given to the borrowers to workout their problem, seek legal assistance and or search for buyers of the units.

• Shareholders Sue Citigroup Officials for Indulging in Sub-Prime Mortgages that Led to Foreclosures - Mar 09, 2009

  Delaware judge dismissed the claims made by shareholders who were suing Citigroup officials for indulging in sub-prime mortgages that led to the foreclosure fiasco. The directors of a corporate body cannot be held responsible for undertaking risks that cause huge losses unless it was done in bad faith and with knowing disregard of the financial obligations and ethics of the firm.

• Indiana Bank Foreclosures - Jan 23, 2009

  Indiana Bank Foreclosures have been mainly seen as a result of the increasing sub prime crisis which has occurred due to defaults on housing loans by most borrowers. As the borrowers and homeowners go jobless, loan defaults keep on rising.

• Delaware Foreclosures High Jumping - Jun 10, 2008

  In May the number of Delaware foreclosures high jumped by 87% from the previous year. New Castle County is particularly affected. The increase in fuel and cost of essentials has further mired the mess and house owners are at the end of their tether.

• Philadelphia Measures To Tackle Foreclosures - Apr 14, 2008