Foreclosure Rescue Scams to Look Out For Distressed homeowners already have enough on their plate without having to worry about falling victim to mortgage rescue scams. Sadly, the number of foreclosure scams reported in the last couple of years has increased dramatically. Perhaps it is out of sheer desperation why these troubled homeowners believe that [...]

Foreclosure Ravages Connecticut Cities The rising tide of foreclosure is obviously still wreaking havoc in many cities across the nation. In Connecticut, the hardest hit by the housing crisis is Windham County, with foreclosure filings that have reached 23 out of 1,000 homes. Statewide, foreclosure rate has soared by 40 percent compared to last year. [...]

Feds Charge Couple for $35M Foreclosure Scam Considered to be one of the biggest foreclosure scam in the history of Maryland, a couple was charged by federal authorities for masterminding a mortgage rescue operation, reportedly worth $35 million. The couple, Kurt Fordham and Joy Jackson, was charged with six counts of money laundering and conspiracy [...]

Foreclosures Increase in Military Communities Nationwide New statistics show that areas of the country near military bases or that house a significant population of military families are seeing very high rates of foreclosure. The Joint Economic Committee released a report today detailing that the average foreclosure rate around the 24 biggest military bases in the [...]

Los Angeles Witness a Price Fall in Luxury Homes First the Los Angeles real estate boom burst; then there was a rise in the number of Los Angeles foreclosure homes and now the luxury homes of up-market areas like Newport beach and Beverly Hills have started to witness a fall in home prices. In fact, [...]

Home Sales Index Rising: Thanks to Foreclosure Buyers For many months now, the real estate industry has suffered much from the mess brought about by the enduring foreclosure crisis. But to the surprise of many experts, the National Association of Realtors’ home sales index for the month of April leaped to 88.2, from 83.0 last [...]