Number of Foreclosure Filings Hits Record High in August When the numbers for August foreclosures were reported, it can not be considered as good news especially considering that there were actually 304,000 homes in default. To make this even more depressing, data gathered by RealtyTrac showed that about 91,000 American families lost their homes to [...]

Some respite for Homeowners in Orlando, Florida Home-owners involved in Orange County homes, Orlando foreclosure homes included, are to receive help in the form of free sessions that will guide troubled home-owners through possible options they might have in dealing with their respective situations. With events like these springing up across the nation, home-owners facing [...]

San Francisco’s Role in the California Housing Sector With the costs of houses in San Francisco being very high during the period when the housing sector was at its peak, now, despite the record number of San Francisco foreclosure homes for sale and the resulting drop of prices, prices continue to remain unaffordable. This is [...]

Senate to Fannie, Freddie: Freeze Foreclosures! This week, several mortgage companies were placed under the control of government-backed enterprises Fannie Mae and Freddie Mac. And to provide the troubled borrowers with immediate relief, the Senate Banking Committee urge the two federal agencies to momentarily freeze foreclosures on these loans, for a minimum of 90 days. [...]

Hot Tips for Foreclosure Buyers Recent reports showed that home sales activity in some markets have improved, mainly due to the increase in foreclosure sales. It would seem that these repossessed properties are attracting more and more buyers who are looking to enjoy the savings that come with buying them. Of course, it is not [...]

Michigan Foreclosures Receiving Multiple Offers In Genesee County, Michigan, market conditions seem to be different than what can be observed in most housing markets. Instead of the buyers enjoying the advantages, it is the foreclosure sellers who are receiving multiple offers. Such situation has made many experts think if the local real estate market is [...]

County Court Addresses Foreclosures with Mediation Program In the past year, the number of foreclosure filings in Ohio has reached a record 83,000. For this reason, the Stark County Common Pleas Court has initiated the launching of a mediation program that will bring together mortgage lenders and distressed borrowers so that both parties can avoid [...]

Trump to Rescue Ed McMahon …Again Ed McMahon can once again breathe a sigh of relief after Donald Trump’s attorney said that the billionaire developer is making another bid for the television host’s property. Just last week, negotiations with an anonymous bidder fell apart after the refusal of the said bidder to pay the deposit, [...]

Little Sunshine in Miami, Florida Within the last quarter, one out of every sixty two homes has filed for foreclosure in the Miami area. This, according to a recently released report, lists Miami as the city that is hit the tenth hardest in the country in the current mortgage fiasco. Insurers of mortgages who protect [...]

Auctions Galore in Denver, Colorado According to a recent report, Colorado came in at the 5th highest spot when it came to foreclosure rates across the country in 2008’s second quarter, with 1 foreclosure filing in every 129 homes. Nevada, for the same time period, had 1 foreclosure filing in every 43 homes, and came [...]