foresearch

Bank and Government Foreclosure Hinders New Housing Sales

Last year, sales of new residential properties hit an almost record low in some areas of Texas. According to analysts, the huge supplies of bank and government foreclosure residences are part of the reason for the poor sales performance of new dwellings i... Read >

Mortgage Rescue Companies cannot Charge Advance Fees to Prevent Foreclosures

Most people who are in danger of foreclosures and have failed to benefit from the government program for loan modification may be drawn to take the aid of mortgage rescue companies. Such companies try to exploit the fact that you are in a desperate co... Read >

Surge in Mortgage Foreclosures in the US

Foreclosures have jumped in the third quarter of 2010 even as persons receiving permanent modification have fallen, according to banking regulators. The increase in bank repossessions belied the hopes of a recovery in the housing market by the end of the ... Read >

More Federal Grants to Help Housing and Fight Foreclosures

The Federal government is getting pro-active in helping homeowners fight foreclosures. The Obama administration has announced that $73 million will be used to aid families who want to retain their homes. This was announced by Shaun Donovan, HUD secret... Read >

Foreclosures of most US states bypass judicial process

A team of attorneys generals of 50 states is investigating the case of banks and servicers using thousands of documents that were not properly checked by its employees. More than half of foreclosures happen in 27 states which have no compulsory supervisio... Read >

The Dual Side of the Foreclosure Crisis

Owing to the foreclosure crisis, the Real Estate bubble has enfeebled the US national economy. As a result of mortgage distress, homeowners are currently bound to face the inevitable foreclosure crisis. The conventional approach to mortgage refinancing of... Read >

Wells Fargo Trying to do Justice to Foreclosure Cases, but Complaints from Customers Continues

Wells Fargo was one company that did not stop its foreclosure work or issue moratoriums across the country. The San Francisco firm was confident that they did not close on any wrong houses. However, they said that they would review its internal procedures... Read >

Foreclosure Problems in Court Rise due to David J Stern Law Firm

David J. Stern, a renowned law firm, was titled as a “Foreclosure Mill." The firm has been accused of several malpractices because of which it is under scrutiny and undergoing court and federal investigations. David J. Stern has been alleged to have filed... Read >

Bank of America Restarts their Foreclosure Processes

A week back, when majority of the banks announced that they would stop all foreclosure evictions during the holiday period, it was taken for granted that there would be no evictions even before the holiday period. However, there is bad news for some as Ba... Read >

Homeowners may be relieved by Foreclosures for the Holiday Period

Banks have been accused of shoddy work in several foreclosure cases. In wake of this, they are facing congressional hearings and have taken initiatives to refurbish their substandard processes. However, even while the lender firms are putting into place n... Read >

Foreclosures – Inching its way into the Homeowners Territory

Foreclosure properties have masked itself as the next crisis in line since the Great Depression, which was also an alarming recession that, for a while, had become every American’s nightmare. Foreclosure homes have now begun to disrupt the peaceful lives ... Read >

New Foreclosure Programs Rolled Out to Aid Distressed Homeowners

Rate of distressed homeowners suffering from foreclosure crisis is rising. As unemployment and underemployment continue to plague the economy, it is increasingly becoming difficult for homeowners to stay in their homes and they are ultimately defaulting o... Read >