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• Bay Area Faces Mass Foreclosure Problems

  A couple who returned a few months back to their mortgaged property in the Bay Area, after having spent a short vacation at Fort Bliss of Texas, have ceased unpacking even now as the situation is still very dicey in their area. Whenever they have tried to contact their lender for a modification in the loan amount the negotiation ... (read more)

• Foreclosures In Virginia Up 30%

  The state of Virginia experienced a total of 5,152 filings for foreclosure at the rate of one filling out of every 616 homes. This has been onto a 30% increase as compared to the filings of last month. Virginia’s foreclosure fillings rated it 14th in the nation’s foreclosure rankings this month. This has accounted for 2% of the nation’s widespread ... (read more)

• Foreclosures Shoot Up By 121 Percent In Lexington

  Lexington metro area comprising six counties recorded a steep increase in foreclosure rate in 2007 but still small compared to larger metro areas. The California based foreclosure tracking company; RealtyTrac stated that 464 properties in the area were in the purview of foreclosure as compared to 210 such cases in 2006. This increase is 121 percent. 2007 saw a fourth of 1 ... (read more)

• Detroit Holds Foreclosure Summit

  Due to the current fall-out of the sub-prime lending crisis and the following slew of foreclosures, mayors of many prominent cities are coming together in Detroit to see how they can help solve this problem. “We're coming to Detroit with a dogged determination to fight for the families in our cities, our cities and the national economy" said Douglas Palmer, ... (read more)

• Foreclosures Hit Home Even As Leaders Grapple For Answers

  Yesterday, United States Representative Barney Frank suggested that lenders offering sub-prime mortgages are likely to face much tighter federal regulatory scrutiny if they don’t assist delinquent borrowers from falling prey to foreclosure. At a hearing in Roxbury yesterday, the Newton Democrat, Frank, who is also chairman of the House Financial Services Committee said that "I want to serve notice. If these ... (read more)

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