Foreclosure Crises May Extend Beyond Subprime Loans

Foreclosure Crises May Extend Beyond Subprime Loans
USA Daily - USA
If action isn't taken to remedy the situation this may cause the foreclosure

crises to spread to good credit borrowers as well. If so, there may be a strong ...

Foreclosure auctions in California up 10 percent in August
Bizjournals.com - Charlotte,NC,USA
A total of 9477 properties sold at foreclosure auction in California in August,

up 10.4 percent from July, according to ForeclosureRadar of Discovery Bay. ...

Senate approves $200M in foreclosure aid
CNNMoney.com - USA
WASHINGTON (AP) - Senators approved $200 million in aid Wednesday

for nonprofit groups that offer counseling to help strapped homeowners avoid foreclosure. ...

What if we could stop some foreclosure nightmares? We could, but ...
American Chronicle - Beverly Hills,CA,USA
With the threat and fear of foreclosure looming over their heads, the homeowner

sets out to refinance, but that road out of their nightmare is closed. ...

Buying Properties Under Foreclosure Can Be An Excellent Deal

Buying Properties Under Foreclosure Can Be An Excellent Deal
American Chronicle - Beverly Hills,CA,USA
Properties that are subject to foreclosure are auctioned and you can get bargains by

purchasing them. However, making a good deal out of a foreclosure needs ...

 

Foreclosure crisis worsens in North Texas
KVUE (subscription) - Austin,TX,USA
That's how many homes are posted for foreclosure in Dallas County. As

banks repossess houses, they are also repossessing neighborhoods, and that's having a ...

 

Atlanta: Foreclosure Epidemic Ensnares AHA Voucher Holders
Political Affairs Magazine - New York,NY,USA
When it was over, "That man said, everyone here for foreclosure remain seated... There

was a lot of women in there, a lot of them, some of them were old, ...

 

Foreclosure leave behind empty homes
WFAA (subscription) - Dallas,TX,USA
That's how many homes are posted for foreclosure next month in Dallas County . As

banks repossess houses, they're also repossessing neighborhoods, ...

 

Mortgage foreclosure targets 58% higher in first half of '07 than '06
Philadelphia Inquirer - Philadelphia,PA,USA
By Alex Veiga AP LOS ANGELES - The number of US homes facing foreclosure

surged 58 percent in the first half of the year from the same period in 2006, ...

 

Home Foreclosure Auctions

Home Foreclosure Auction
CBS 47 - Fresno,CA,USA
Fifteen homes that had already gone the foreclosure process were sold in Fresno on

Tuesday July 18th. The properties were sold by auction in less than an ...

 

Foreclosure in the works for troubled Trail Ridge Apartments
Post-Bulletin - Rochester,MN,USA
A notice of a mortgage foreclosure sale for Trail Ridge Apartments, 875 21st Ave.

SE, was made public last week. The sale is scheduled for 10 am Aug. ...

 

As Foreclosure Rates Increase, So Does Number of Homes Sold ...
Business Wire (press release) - San Francisco,CA,USA
As the rates of foreclosure have continued to escalate across the nation, more

and more borrowers have turned to real estate auction as a viable means of ...

 

Foreclosure auctions soar in Los Angeles in Q2
Inman.com (subscription) - Emeryville,CA,USA
PropertyShark.com recorded 3793 first-time trustee sales in Los Angeles, 643 foreclosure

auctions in New York City, 1282 in Miami-Dade County, ...

 

 

 

 

Foreclosure rates show no sign of slowing!

Foreclosure rates show no sign of slowing
Blogging Stocks - USA
Foreclosure rates, which jumped an astounding 90% in May, are showing no signs of slowing as something like $2 trillion worth of adjustable rate mortgages ...

Bucking foreclosure trend
New York Daily News - New York,NY,USA
"Actually [New York] has a fairly low foreclosure rate compared to the national

average," said Darren Blomquist of RealtyTrac, which follows foreclosures ...

 

Dream or Nightmare: Foreclosures Hit High
Christian Broadcasting Network, VA - 14 hours ago
By John Jessup CBNNews.com - WASHINGTON - From "for-sale" postings

in the paper to those on the front lawn, signs of the housing slump are abundant. ...

Foreclosure: an auction adventure

Foreclosure: an auction adventure
Sun-Sentinel.com - Fort Lauderdale,FL,USA
Homes typically enter foreclosure when borrowers can no

longer make their payments and can't sell their homes for amounts that would pay off their loans. ...

 

Auctioning your home may be an option if you're facing foreclosure
abc13.com - Houston,TX,USA
(4/30/07 - KTRK/HOUSTON) - There isn'ta lot of good involved in a foreclosure, but

there may be a way to get out from under a home about to be taken by the ...

 

Hummers, Beemers and Foreclosure Notices
Voice of San Diego - San Diego,CA,USA
By Chris Padilla, San Diego. Monday, April 30, 2007 | Can you say

"under Acqua(water) Vista?" As a person who posts notices of sale and notices of default ...

California Foreclosure Notices at 10 Year High

 

State addresses foreclosure woes
Yes! Weekly - Greensboro,NC,USA
Two thousand six saw a record number of North Carolinians lose

their homes to foreclosure, according to statistics kept by the state Administrative Office ...

 

California Foreclosure Notices at 10-Year High
Consumer Affairs - USA
Foreclosure notices sent to the state's homeowners in the first quarter of 2007

 jumped to their highest level in almost ten years, according to DataQuick, ...

 

1st-quarter foreclosure actions more than double from 2006
Chicago Tribune - Chicago,IL,USA
SACRAMENTO -- The number of US homes entering foreclosure in the first

quarter more than doubled from a year earlier as property prices stagnated and owners ...

 

Foreclosure Problem Too Complex for One Solution
BankNet 360 - New York,NY,USA
Last July, Ohio — a state with the foreclosure rate three times the national

average — passed a bill that toughened lending laws. ...

 

 

Foreclosure Crisis Hit Suburbs

 

 

 

Ohio's foreclosure crisis hits suburbs
Dayton Daily News (subscription) - Dayton,OH,USA
COLUMBUS — Ohio's home foreclosure crisis, already a near-epidemic in some urban neighborhoods, has moved to the suburbs. ...

Florida, Third-Highest Foreclosure Rate In US
CBS 4 - Miami,FL,USA
It now put Florida with the third-highest foreclosure rate in the country, averaging one for every 382 households. Nevada, Colorado, Florida continue to ...

Forum On Foreclosure Held Thursday
WDIV - Detroit,MI,USA
Since 2005, the number of foreclosure filings in Macomb County nearly tripled, going from 2755 to 8192, according to recent statistics. ...

 

 

Countrywide Foreclosure Woes

 

Record foreclosures in fourth quarter
CNNMoney.com - USA
Mortgage Bankers Association reports a spike in loans

entering into some stage of foreclosure. Number of subprime borrowers late with

payments is on the ...

US home mortgage defaults jumped in Q4 2006; Default rates for ...
FinFacts Ireland - Ireland
The percentage of loans in the foreclosure process was 1.19 percent of all loans outstanding at the end of the fourth quarter, an increase of 14 basis ...

 

What are 'Subprimes' and Why Does Wall Street Care?
FOX News - USA
In exchange for the higher risk (of late payments, default or foreclosure) that lenders

assume in granting such loans a) the interest rates they charge are ...

 

Mortgage Surprise? What Surprise?
Realty Times - TX,USA
"The US mortgage giant Freddie Mac said it would no longer buy those high-risk home

mortgages that it deems to be the most vulnerable to foreclosure. ...

Countrywide Says Subprime Turmoil May Harm Results  Financial Services  Reuters
NEW YORK (Reuters) - Countrywide Financial Corp., the largest U.S. mortgage lender, said on Monday that foreclosures rose to a five-year high and turmoil in the subprime market may hurt earnings, and its shares fell.

 

 

SubPrime Woes!

Subprime woes: How far, how wide?
CNNMoney.com - USA
"This rate ... exceeds the worst foreclosure experience in the modern

mortgage market, which occurred during the 'Oil Patch' disaster of the 1980s," the ...

 

Overdue mortgages linked to risky loans
Boston Globe - Boston,MA,USA
An explosion in overdue mortgages tailored to home buyers with less-than-sterling

credit has driven foreclosure filings to record highs in Massachusetts. ...

 

Foreclosures open doors for area investors
Toledo Blade - Toledo,OH,USA
A three-bedroom bungalow in Toledo's Point Place section was appraised at

$86000 for a foreclosure sale a year ago, bought by the bank, and resold in ...

 

Bargain hunters looking to foreclosure sales
Providence Journal - Providence,RI,USA
Seven months ago, Williams joined a legion of investors who buy and sell

foreclosure properties. So far, he has bought seven. ...

 

 

 

 

 

 

Chrysler Layoffs Will Impact Foreclosure Rates in the Eastern US

 

Chrysler Layoffs Will Impact Foreclosure Rates in the Eastern US
PR-Inside.com (Pressemitteilung) - Wien,Austria
Students of the history of real estate cycles and residential foreclosure rates will be

able to make a connection between past examples of how massive ...

Angel Investor hoping to rescue winery from foreclosure liquidation
dBusinessNews San Francisco (press release) - San Francisco,CA,USA
I would hate to see this family business fall prey to foreclosure predators that want to liquidate the assets and business for less than $3 Million just to ...

Postings are up 10% from last year
Fort Worth Star Telegram - Fort Worth,TX,USA
There are now almost twice as many foreclosures as there were the same month five years ago, according to the Foreclosure Listing Service in Addison. ...

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 ...

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. ...