Foreclosure Home Sales Up Housing market conditions have still not recovered and it is only expected that existing home sales remain to be sluggish. But surprisingly, most of the properties being sold are foreclosure homes. Before, buying foreclosed properties is considered to be risky for many reasons. Among these reasons are the difficulties encountered looking [...]

Foreclosure Scams Claim Another Victim Distressed homeowners facing the possibility of foreclosure are being targeted by unscrupulous individuals and companies under the guise of offering foreclosure help. Another couple in California has actually fallen victim to a foreclosure scam that involved paying a small fee in exchange for stopping foreclosure. The said foreclosure company contacted [...]

Michigan Foreclosure Rate Affected by Local Economy Most cities and towns in Michigan are feeling the impact of the enduring foreclosure crisis. In fact, the jump in the state’s foreclosure rate is now being tied to the local economy. It would seem that the increasing number of homes entering some stage of foreclosure correspond to [...]