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Latest Virginia Headlines

• Loans Recently Modified Re-defaulting at an Alarming Rate - Oct 20, 2009

• Foreclosed Houses Poses Serious Problem during Hurricane Season - Jun 19, 2009

  With the approach of the hurricane season there is serious concern about problems emanating from foreclosed houses in Florida. About six vacant foreclosed houses are standing empty in Lehigh Acres just waiting to be destroyed when hurricanes slam down in south western Florida.

• Red Tape is Behind the Forestalling of Foreclosure Sales - Apr 27, 2009

  The picking up sales is pivotal to tackling the recession mood of the economy but red tape is behind the forestalling of foreclosure sales. Those hunting for bargains are flocking to purchase bank repo homes but the settlement often take time because of bureaucratic bungling. The irony of the situation is that both the lenders and the purchasers want quick transaction but things do not move.

• Firms Are Charging Heavy Fees to Assist Foreclosure Victims to Modify Loans - Jan 06, 2009

  Although firms are charging heaving fees to assist foreclosure victims to modify loans, the non-profit groups are offering their services for free. The unparalleled increase in number of foreclosures has led to the emergence of an industry that is growing with each passing day.

• Record Number of House Owners Is In Foreclosure  - Dec 09, 2008

  A record 10% of house owners across the country are in foreclosure during the third quarter of this year according to a report of Mortgage Bankers Association. California with a staggering 19% is the worst contributor to the worsening situation. Florida was not far behind.