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. [...]