Some lawmakers are intensifying their efforts to help their constituents save their properties from being placed on Bank Forclosure List. Distressed homeowners whose lenders would not take their telephone calls have the option to call a member of Congress for help.

The Foreclosure Mediation Program in Nevada is now making progress as the state Supreme Court scheduled hearings and sought public comments.

Several areas in Southern California continue to experience the devastation brought about the ever-growing number of REO properties for sale. Median home prices have dropped below their 1989 levels.

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 week.

The federal and local government are intensifying their housing recovery efforts and launching new ones to contain the flood of mortgage delinquencies and bank REO properties in Seattle, Washington.

A five-bedroom foreclosed home for sale in Sparks, Nevada represented one American family who has lost a home.

Starting July 1, Connecticut’s voluntary mediation program to prevent foreclosures will become mandatory after the state General Assembly passed a bill making foreclosure mediations mandatory.

Nationwide, realtors and brokers have been advising and helping others to take advantage of lower-priced units in foreclosure home lists.

The Federal Emergency Management Agency (FEMA) in Florida is exploring ways to help hurricane evacuees and at the same time find a use for the burgeoning REO properties for sale in the state.

The Oregon Senate is deliberating on bills that would offer additional protection to renters of bank foreclosure property.