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  2. Foreclosure
    3. (Page 5)

Foreclosure

Mortgage Crisis Has Big Impact on Kids

More than 2 million children will be directly impacted by the subprime mortgage crisis, as their families lose their homes to foreclosure, according to a new report from First Focus, a bipartisan children’s advocacy organization based in Washington, D.C. “When families lose their homes, kids often lose their schools and access to services. Such changes […]

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Lenders Stall Short Sales, Practitioners Say

Real estate practitioners across the country believe mortgage lenders are worsening the housing downturn by taking months to make decisions on short sales and sticking to high internal target prices. As a result, home buyers are abandoning short sale properties, forcing them to be sold in foreclosure sales that typically result in lenders accepting lower […]

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Where are my buyers with vision?…

I’ve been watching this home (and a few others) for months…waiting for the signs to go up. Foreclosure… No, a resident didn’t lose his/her home..but an investor did! This empty partially renovated (more than most, but need’s new floors) bungalow has been taunting me. I’m kicking myself because my batteries were depleted in the camera […]

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Lenders Find Owners Late on Payments

Daily Real Estate News  |   February 25, 2008 Mortgage lenders are going door-to-door in some parts of the country to track down borrowers who are behind on their payments and help them work out a solution. The bottom line is the average foreclosure costs more than $50,000. It is cheaper and easier to lower the borrower’s […]

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Man Robs Bank After Foreclosure

A masked gunman held up an Athens, Ga., bank on Thursday, saying that he was only getting his money back after the lender had foreclosed on his home. The man entered Regions Bank wearing a black ski mask and pointed a handgun at a teller and said, “You took my house, now I’m going to […]

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Candidates Disagree on Foreclosure Fix

Daily Real Estate News  |   February 20, 2008 As the presidential primary in Ohio approaches, Sens. Hillary Clinton (D-N.Y.) and Barack Obama (D-Ill.) are highlighting their different housing proposals. Voters in Ohio especially are concerned about the housing proposals because the state has one of the highest foreclosure rates in the nation. Clinton insists that government […]

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Woman Sells Pieces of her Foreclosed Home

An Ontario, Calif., woman, who tried to save her home from foreclosure by selling its period flooring, baseboards, and other fixtures on eBay, was evicted and the house was secured by local police. A Superior Court judge intervened after the city complained that the home was being desecrated. The city had an interest because it […]

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Real Estate News: Foreclosure Plan

Foreclosure Plan Will Be Greeted With Questions Treasury Secretary Henry Paulson will unveil a plan on Thursday to forestall foreclosures and ease the housing recession. The release of plan’s details will coincide with the release of data from the Mortgage Bankers Association that show that homes in foreclosure hit record levels in April through June, […]

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