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Foreclosure Crisis

Largest Banks End Moratoriums, Increase Foreclosed Homes

John Evan Miller / April 17th, 2009

After giving in to President Obama's requests for foreclosure moratoriums in the past months, the nation's largest banks have lifted their moratoriums and completed thousands of … More >>

Economists Disagree With Obama on Foreclosure Properties

John Evan Miller / April 15th, 2009

Loan modification and refinancing programs launched by President Obama's administration are not enough to stop the continued growth of foreclosed properties for sale, according to … More >>

Foreclosure Listings Still Growing, Worsening Oversupply

John Evan Miller / April 14th, 2009

Foreclosure listings in Arizona and in other states are bursting with listed foreclosure properties and other existing homes for sale, as foreclosures continue to overload the market and … More >>

Illinois Gov Quinn Fights Problem of Foreclosed Homes

John Evan Miller / April 13th, 2009

Delinquent homeowners in Illinois have been given more time to seek remedies to save their houses from becoming forclosed houses. Illinois Governor Patrick Quinn has just signed a law … More >>

Rising: Foreclosure Listings, Jobless Rates, Home Sales

John Evan Miller / April 8th, 2009

Positive economic figures in March, such as increased home sales, increased consumer spending and increased factory orders, have made some analysts to declare that home prices have reached … More >>

Hopes of Reducing Number of Foreclosed Homes

John Evan Miller / March 19th, 2009

Distressed borrowers in New York are being encouraged by various efforts to help them avoid being added to the thousands of foreclosed homes in their state. They are being helped by their … More >>

Families Downed by Foreclosures Living in Motels

John Evan Miller / March 13th, 2009

About 1,000 families in Orange County, California have been living in motels, many of whom have been forced out of their homes after going into foreclosures. Local officials said it is … More >>

Finally, Details of Obama’s Foreclosure Plan Are Out

John Evan Miller / February 19th, 2009

President Barack Obama's much awaited $75-billion foreclosure program was finally launched in Arizona, which has one of the three highest foreclosure rates in the country in 2008. Obama's … More >>

President Obama Signs $75 Billion Foreclosure Bailout

John Evan Miller / February 18th, 2009

President Obama officially unveiled his $75 billion dollar plan to quell the rising tide of foreclosures and begin to stabilize the country’s precarious housing market. More >>