Foreclosures News

The past year has witnessed a dramatic shift in real estate trends in the wake of rising prices. Are short sale homes the next to fall?

As mortgage foreclosures continue to decline, a new foreclosure trap is affecting widows aged over 50 whose deceased husbands were sole holders of the mortgage.

Bank of America has announced it is in the midst of unrolling a new program called "Mortgage to Lease." This plan is to be offered to selected mortgage customers facing foreclosure.

Washington - U.S. home foreclosure starts edged up in the third quarter as a result of delinquent loans making their way through the foreclosure pipeline, with industry data suggesting servicers concentrated in “hardest hit” states being the primary driving force.

Seabrook - A Texas man recently learned the Bank of America tried to foreclose on his home, a home that no longer exists. The home was destroyed in 2008 when Hurricane Ike swept through his area with 110 mph winds leaving behind dozens of destroyed homes.

As the foreclosure wars drag on, the reality has become a brutal testimony to the financial catastrophes the US is currently enduring. The sheer devastation is nowhere more visible than in Cleveland, once the heart of the heartland.

The economic crisis in the United States is hitting home owners hard. More than four million are facing foreclosure. With the high unemployment rate that figure could climb higher in the near future.

The fecal wisdom of the business pundits shines so brightly sometimes. While the rest of the U.S. disappears under a tide of unemployment which trashes millions of lives, anything is evidence of a recovery.

A recent report indicates the foreclosure crisis affected more than 1.5 million homes in the first six months of the year in the United States.

Known as "green pools," the abandoned pools found at foreclosed home sites are being called disease incubators. In warmer areas such as California and Nevada, where foreclosure rates are highest, the problem continues to grow.