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Foreclosures all over the country has dropped by over 25 percent last January. Completed foreclosures in several states harshly hit by foreclosures have also declined last month, compared to December of 2008.
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The country’s home mortgage troubles continue even as the Obama Administration and Federal Reserve plans continue to bolster failing economy.
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A record 19 million U.S. houses stood empty at the end of 2008 as banks seized homes faster than they could sell them and prices continued to fall.
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The housing fiasco involving foreclosure is not yet over. With S & P Case-Shiller’s 16.6 percent fall, there is more to come.
Here is the predicted [...] read more »
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Here is the predicted [...] read more »
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President-elect Barack Obama creates $300 billion tax cuts that aim to rescue foreclosure crisis and eventually save the economy.
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The US Federal Deposit Insurance Company is set to work alongside the Treasury Department to improve the situation of foreclosures in the country. Ho[...]
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Nationwide foreclosures statistics up from last year and from previous months. However, California rates down due to new foreclosure law.
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Tenants in foreclosed properties across the country are being helped by sheriffs, legislators and community associations to protect them from unlawfu[...]
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Tom Suozzi, county executive of New York's Nassau County, has launched Long Island's Housing Crisis Task Force to stabilize the housing market and [...]
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Foreclosures that were previously caused by bad loans and poor payment management have shifted gear and are now driven by unemployment or lost of inc[...]
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Senate Banking Committee Chairman criticizes the government for failure to dedicate resources and attention to homeowners on the verge of foreclosure[...]
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