Atlanta Foreclosure Homes Worsening as Federal Funds Dry Up The number of Atlanta foreclosure homes is expected to rise in the coming months as numerous low-cost apartment projects were stalled or completely stopped due to lack of funding. According to industry experts, the slash in federal funds will severely affect low-income renters in small cities [...]

Charlotte Foreclosure Homes Rising, TARP Not Helping The increase in the number of Charlotte foreclosure homes last month indicated that the federal government’s Troubled Asset Relief Program (TARP) is not working as expected, according to industry experts. Statewide, the number of foreclosure filings increased by 43 percent in August compared to the same month a [...]

Bronx Foreclosure Homes to Rise Due to Late Loan Payments Market data showed that more and more homeowners in New York City are defaulting on their mortgage payments in the second quarter of this year. As unemployment continues to rise, its effect is also spreading especially among homeowners with mortgages. From April to June, the [...]

Buy Foreclosed Houses Program in Florida The county of Hillsborough in Florida received a federal grant amounting to $19.1 million to help it buy foreclosed houses. With the program, county officials are planning to transform neighborhoods devastated by the foreclosure crisis. Foreclosed homes in several targeted areas would be purchased under the county’s Neighborhood Stabilization [...]

Banks Criticized for San Diego Foreclosure Homes San Diego foreclosure homes in California are rising in numbers due to unemployment. Many distressed homeowners are creditworthy and responsible borrowers who encountered bad luck and were forced to default on their mortgages. Most of these troubled borrowers are seeking ways to modify their mortgage loans but their [...]

Bank Foreclosure Houses, Unemployment Cast Gloom in Indiana Increasing numbers of bank foreclosure houses and jobless people are the most common problems that most cities across the country are experiencing right now. The city of Lafayette has not yet recovered from the impact of the foreclosure crisis in the residential market and already, the problem [...]

Law to Protect Tenants of New York Foreclosure Homes Many tenants in New York City are renting homes without meeting their landlords, and worse, without knowing who owns the houses they have been renting. Most tenants in the city just leave their checks for their monthly rental payments in mailboxes. But all these could change [...]

Economists: Unemployment to Boost Number of Foreclosed Homes The growing number of jobless people in the country will add to the worsening foreclosure problem, according to economists and bankers. They said that the rising unemployment rate will overtake subprime loans as the main factor that will drive up the number of foreclosed homes in the [...]