Archive for November, 2008

Mortgage Meltdown and Foreclosure Homes Generated by UnemploymentNovember 10th, 2008

With this boiling economic crisis hurling across the country, the number of foreclosure homes have steadily risen for several months reaching a staggering 71% last September, instigated by … More >>

New Lending Reform Law Cuts Down Foreclosures in 3rd QuarterNovember 8th, 2008

Because of the 90-day grace period provision of the new lending reform law in New York, foreclosure fillings in the state shot down to 10 percent quashing a yearlong More >>

Foreclosure States Decided the Winner of the Presidential ElectionNovember 7th, 2008

Who decided the winner of the 2008 U.S. presidential election? The foreclosed homes. More >>

Large Banks Modify Loan Payment Terms to Avert ForeclosuresNovember 7th, 2008

At least three large banks in the U.S. have announced their plans to stop the massive increase in home foreclosures by altering their mortgage loan More >>

Homeowners Facing Foreclosure: Do not walk awayNovember 5th, 2008

After all your hard work, it is indeed tough to be in a situation where you are at risk of losing your home to foreclosure. Although the government and the housing and mortgage industries … More >>

Foreclosure Worsens Neighborhood ConditionsNovember 3rd, 2008

Since there is obviously no end in sight for the foreclosure crisis just yet, it is not surprising that even neighborhoods are experiencing difficulties because of these foreclosure … More >>