Foreclosure Crisis

Economists: Unemployment to Boost Number of Foreclosed Homes

Economists: Unemployment to Boost Number of Foreclosed Homes

John Evan Miller / August 20th, 2009

The growing number of jobless people in the country will add to the worsening foreclosure problem, according to economists and bankers. More >>

Ruling on Wells Fargo's Role in Bank Foreclosed Home Crisis

Ruling on Wells Fargo's Role in Bank Foreclosed Home Crisis

John Evan Miller / August 10th, 2009

U.S. District Judge J. Frederick Motz has ordered Wells Fargo to submit the electronic data on all loans it issued in Baltimore, Maryland. He also ordered Wells Fargo officials to make … More >>

Golf Outing to Help Property Facing Foreclosed Homes Listing

Golf Outing to Help Property Facing Foreclosed Homes Listing

John Evan Miller / August 7th, 2009

Equine Star Foundation owner Joan Tucker has been rescuing mistreated, retired or unwanted horses and keeping them in her farm in Oakland County, Michigan. But Tucker and her horses may … More >>

Foreclosed Rental Properties Rising

Foreclosed Rental Properties Rising

John Evan Miller / July 29th, 2009

The growing number of foreclosed rental properties in the country is starting to be noticeable. Industry experts said that many landlords, who are facing property tax increases, are wary … More >>

Transparency for TARP and Funds for Foreclosed Properties

Transparency for TARP and Funds for Foreclosed Properties

John Evan Miller / July 27th, 2009

A bill calling for a higher level of transparency in the disbursement of trillions in Troubled Asset Relief Program funds and the disbursement's ultimate effects on the federal program … More >>

US Home Prices Declined as Foreclosed Home Listings Grew

US Home Prices Declined as Foreclosed Home Listings Grew

John Evan Miller / July 23rd, 2009

Home prices nationwide declined in May by 5.6 percent from May last year as foreclosed home listings continued to grow in many areas of the country, based on a report from the U.S. Federal … More >>

Growing Number of Renters Affected by REO Properties Crisis

Growing Number of Renters Affected by REO Properties Crisis

John Evan Miller / June 30th, 2009

The number of renters of REO properties is growing every day, just as foreclosures remain unabated across the country. And tenants' advocacy groups are quick to point out that recently … More >>

Lower-Priced Foreclosed New Homes Distress Homebuilders

Lower-Priced Foreclosed New Homes Distress Homebuilders

John Evan Miller / June 26th, 2009

The low prices and large numbers of foreclosed new homes have been clobbering home builders. But many of them, especially the larger companies, are riding out the recession through various … More >>

Jobless Homeowners: More Foreclosed Houses for Sale

Jobless Homeowners: More Foreclosed Houses for Sale

John Evan Miller / June 12th, 2009

The continued rise in number of unemployed Americans in May corresponded to the continued rise in foreclosed houses for sale in May, based on reports released by various entities this More >>

Actions to Foreclose Houses Pushed Down S&P Price Index

Actions to Foreclose Houses Pushed Down S&P Price Index

John Evan Miller / May 27th, 2009

Continued lender actions to foreclose houses pushed down home prices in March in the Washington, D.C. capital region, based on the Standard & Poor's/Case-Shiller Home Price Index … More >>