Foreclosure News | Information | Headlines | Topics

Foreclosure Continue Upward March

Foreclosures continue upward march
Lincoln Courier - Lincoln,IL,USA
Hired by local banks to handle several foreclosure cases, Lincoln

attorney Douglas Muck offered reasons to why there has been

such a steep increase. ...

Further Increases in Delinquency and Foreclosure Rates Expected
DSNews.com - Hurst,TX,USA
“In order to understand the developments with respect to

trends in mortgage product choice and mortgage delinquency

and foreclosure rates, ...

Foreclosure creeps up on more owners
San Luis Obispo Tribune - San Luis Obispo,CA,USA
With home appreciation slowing and payments increasing

for some buyers who chose creative financing, foreclosure

activity in San Luis Obispo County is ...

Foreclosure tragedy
Bakersfield Californian (subscription) - Bakersfield,CA,USA
With his 82-year-old mother's northeast Bakersfield home

auctioned off at a foreclosure sale Wednesday morning,

Jim Dunaway is fighting for options as fast ...

Cecil

SI Has Highest Foreclosure Rates in NYC

SI Has Highest Foreclosure Rates in NYC
WNYC - New York,NY,USA
NEW YORK, NY January 23, 2007 —Foreclosure rates

are going up in the city, nowhere more so than on Staten Island.

WNYC's Cindy Rodriguez reports. ...

Consumer Debt Estimated to Rise, Right Along With Foreclosure Rates
AXcess News - Carson City,NV,USA
By Staff. (AXcess News) New York - There are two sides to a

coin and according to Standard & Poor's, who looked at consumer

debt in the rating agency's ...

Facing California Foreclosure? New Refinance Program Launched Help ...
USPRwire (press release) - UK
These homeowners are facing foreclosure because

they have waited 30, 60 or even 90 days before taking any

action.” “During this time their credit scores ...

Builder Faces $7M Foreclosure

Stop Or Avoid House Foreclosure By Taking Immediate Action
PR-Inside.com (Pressemitteilung) - Wien,Austria
2007-01-10 16:03:59 - Stop or avoid house foreclosure with a simple refinance

loan. Refinance can include car loans and credit card debt to reduce overall ...

Builder faces $7M foreclosure
Sarasota Herald-Tribune - Sarasota,FL,USA
His J&J Homes is not a direct party to the mortgage foreclosure,

and is not named in any legal proceedings that the newspaper could identify. ...

Foreclosure News

Mortgage fraud case growing
Inside Bay Area - Oakland,CA,USA
... "Consumers should be aware of foreclosure or real estate
... "If you are facing foreclosure and have an attorney,
consult with them prior to signing any documents.". ...

Placing blame for state's foreclosure problem
Denver Post - Denver,CO,USA
... As a single mother of three and a Realtor in northern
Colorado, my compassion for those caught in the
crossroads of facing foreclosure was ignited once I had ...

More Homeowners Facing Foreclosure in 2007
WBAY - Green Bay,WI,USA
... homes they buy. Court records show there were
just over 500 foreclosure lawsuits filed in 2005 just
in Brown County. In 2006 there ...

Housing market has many sellers seeing red
St. Petersburg Times - St. Petersburg,FL,USA
... Now, several months later, the house remains
unsold, and Sparks is facing foreclosure, said
Richard Doyle, Spark's real estate agent. ...

US home lenders brace for bad news, legislation

US home lenders brace for bad news, legislation
Antara - Antara,Indonesia
... In a hint at Wednesday`s data, October saw more foreclosure actions than any other month this year according to RealtyTrac, an online marketplace for ...

Foreclosed. For shame

Foreclosed. For shame
Atlanta Journal Constitution (subscription) - GA, USA
The foreclosure crisis in Georgia — a 99 percent jump in people losing their homes in the past year — correlates with a dangerous trend in the mortgage ...

FORECLOSURE RATES RISING, EXPERTS SAY

Mortgages

FORECLOSURE RATES RISING, EXPERTS SAY: Mortgage delinquency and foreclosure rates are on the rise, and the impact could be greatest on low-income families that took out higher-interest loans for risky borrowers, some experts said Monday.

Treasury Secretary Henry Paulson said the government wants to issue guidelines to banks and savings and loan institutions that will allow people to get home loans "without taking unnecessary risks."

"Expanding opportunities for more people to buy a home is a good thing. But we do not want Americans to become overextended and see their dream end in foreclosure," Paulson said at a conference on the housing market organized by the Office of Thrift Supervision, a Treasury Department agency.

Some experts are concerned that the increase in mortgage foreclosure rates could affect the banking system's financial health.

-- Associated Press

Church to be Sold

Church to be sold in foreclosure auction
Fort Worth Star Telegram - Fort Worth,TX,USA
... The foreclosure sale will be the first in the
foundation's nearly 50-year history. The original
foreclosure sale date was in October. ...

Record Set for Foreclosures in Denver Metro Area
MyFox WGHP - High Point,NC,USA
... 174. Mark A. Murphy, 42, bought his home in
Aurora out of foreclosure two years ago,
but now he is facing the same fate. He said ...

Area's statistics show consumers struggling
Myrtle Beach Sun News - Myrtle Beach,SC,USA
... "For our people, it's more about survival."
Foreclosure statistics, another indicator
of individuals' economic standing, also can
be misleading, experts say. ...

Bringing Down the House

Bringing down the house
Montreal Gazette - Montreal,Quebec,Canada
Now they face a hangover of crushing debt and foreclosure.
... The organization advanced her $3,000 in a
last-ditch effort to avert the foreclosure. ...

Foreclosure, late payment numbers rise in Phoenix area
KOLD-TV - Tucson,AZ,USA
PHOENIX The number of people losing their homes to
foreclosure or falling behind on their mortgages in the
Phoenix metropolitan area is nearing a two-year high

Missed Mortgage Payments Rise 20% in Third Quarter
New York Times - United States
... That puts them in what is commonly known as preforeclosure,
when banks typically warn people that they are at risk of
foreclosure so the homeowner will take ...

New Treasurer May Lose House To Foreclosure
cbs4denver.com - Denver,CO,USA
The newly-elected treasurer of Arapahoe County has made
home foreclosure an issue in his campaign but it turns
out it is also a problem he's struggling to avoid ...

Home foreclosure, late payment numbers
on rise in Phoenix area
KVOA.com - Tucson,AZ,USA
PHOENIX -- The number of people losing their homes
to foreclosure or falling behind on their mortgages
in the Phoenix metropolitan area is nearing a two-year ...

Soaring Foreclosure Rates Across the Nation

Soaring Foreclosure Rates Across the Nation
DSNews.com - Hurst,TX,USA
Foreclosure rates are running rampant, and according to ForeclosureS.com, the Southwest is leading the pack. ... Foreclosure is their only option.".

Foreclosures.com: Florida 2nd in nation in foreclosure filings
Orlando Business Journal - Orlando,FL,USA
The northern California-based real estate investment advisory firm and publisher of foreclosure property information notes that to date this year, Florida has ...

Foreclosure pace sees California cities better off than Midwest
Central Valley Business Times - Stockton,CA,USA
... during the quarter. It saw 8,183 homes enter the lengthy foreclosure process during the three-month period ended Sept. 30, or one ...

Real Estate Investing: Short Sales Explained

Real Estate Investing: Short Sales Explained
Best Syndication - Pinon Hills,CA,USA
... First, they're going to have a lot of expenses that are associated with a foreclosure. ... Here's the way it affects your foreclosure real estate business. ...

Foreclosures Continue to Go Up

You might recall (if you've been a subscriber for at least a year) that we predicted at the end of last year that foreclosures were going to increase dramatically in 2006. Well we're pretty sure that this trend will accelerate in 2007. We'll tell why we believe this in another issue. Here's what two industry experts had to say earlier this month.

New construction attracted some investors who got in over their heads and buyers who relied on discount mortgages that are now resetting at higher rates, two factors that are pushing up foreclosure activity, said Leslie Appleton-Young, chief economist for the California Association of Realtors.

"The foreclosures, at least for a while, are going to keep going up and up,'' Thornberg said. "This is going to feed on itself." (Christopher Thornberg, is a principal at Beacon Economics, a California Real Estate consulting firm)~

California and Chicago Foreclosures on the rise | Foreclosure News

California Foreclosure Activity Surged to its Highest Level
Contacto Magazine - Glendale,CA,USA
Residential foreclosure activity in California surged to its highest level in more than four years last quarter, the result of slower home sales and flattening ...

Local Groups Help Prevent Foreclosures
Houston Chronicle - United States
... East Side, together with some nonprofit housing counselors, are becoming increasingly valuable to financially stressed homeowners to battle against foreclosure ...

Chicago foreclosure rate twice national average
Crain's Chicago Business - Chicago,IL,USA
(Crain’s) — The number of Chicago-area homeowners entering some stage of the foreclosure process increased in September, keeping the metropolitan area’s ...

Colorado Foreclosure Hotline Launches

Colorado Foreclosure Hotline Launches
DSNews.com - Hurst,TX,USA
... Chase and Freddie Mac are helping fund the loss mitigation efforts in Colorado, but foreclosure prevention task force organizers are still looking for ...

Foreclosure eyed for paint factory site

Foreclosure eyed for paint factory site
Bristol Press - CT, United States
BRISTOL - The former Bristol Paint and Lacquer Co. property in Forestville will be sold at a foreclosure auction later this month. ...

Sept. foreclosure activity highest in Fla.

Sept. foreclosure activity highest in Fla.
Bizjournals.com - Charlotte,NC,USA
... accounting for about 27 percent of the activity in the country, according to Bargain Network, an online provider of real estate foreclosure information. ...

Savvy Investors Profit from Rise in Foreclosure Rates

Savvy Investors Profit from Rise in Foreclosure Rates
PR Leap (press release) - Chula Vista,CA,USA
The increasing foreclosure rate is unveiling a different breed of real estate “flipper” looking to turn a profit on investment property purchased up to 20 ...

Keeping roof overhead goal of foreclosure-mitigation measures

Keeping roof overhead goal of foreclosure-mitigation measures
Longmont Daily Times-Call - Longmont,CO,USA
... mortgage lenders and housing counselors hope new Colorado laws and programs will allow residents to keep their homes instead of losing them to foreclosure. ...

Foreclosure News...Metro Atlanta foreclosures up 36 percent

Metro Atlanta foreclosures up 36 percent
Bizjournals.com - Charlotte,NC,USA
Metro Atlanta's foreclosure rate for the month was 3.5 times the national average, according to the RealtyTrac US Foreclosure Market Report. ...

Housing market slump deepens
Lowell Sun - Lowell,MA,USA
... initiated in Massachusetts last month, up 72 percent from August 2005 and the highest one-month total since the Web site began tracking foreclosure filings in ...

CRL Calls for Reform, Says Subprime ARMs Leading to Foreclosure
DSNews.com - Hurst,TX,USA
... homeownership," Calhoun said. "By their very nature, they pose a high risk of losing valuable home equity or foreclosure.". Calhoun said ...

Report: ‘Exotic’ mortgages leading to foreclosures in West
Central Valley Business Times - Stockton,CA,USA
So-called creative mortgage products are a major factor in “the coming spike in foreclosure activity” in several western housing markets, predicts a ...

Many a house in foreclosure never gets to auction on courthouse ...

Many a house in foreclosure never gets to auction on courthouse ...
Arizona Daily Star - Tucson,AZ,USA
... Although the number of properties entering foreclosure proceedings is on the rise, fewer houses are making their way to the courthouse steps for the daily ...