Last month, we talked about how the voluntary moratorium on foreclosures had come to an end, and was a strong indicator that the foreclosure crisis was about to reach out to a whole new level! Guess what… it’s happening! Today, in a writeup from Bloomburg, its being reported that the Foreclosure Rate is Hitting All-Time [...]
So Much for Progress – Foreclosure Rate Reaches Record High!
1 Comment · Foreclosure Rates in USA, Preventing Foreclosure
Tags: banks·delinquencies·foreclosure·foreclosures·lenders·refinance
Escaping the Foreclosure Spiral
No Comments · Where to Find Mortgage Help
Apart from divorce settlements that ended up in a huge spat between you and your spouse that the neighborhood witnessed, there could probably be nothing more embarrassing than being evicted from your own home. What not many people are aware of is that this embarrassing and frightful situation can become a near possibility especially with [...]
Tags: delinquencies·foreclosure·foreclosures·mediator·scammers
Increased Foreclosure Rates in US
No Comments · Foreclosure Rates in USA
The recent housing market boom has left many people in homes that they cannot afford with loans that they never should have been granted. This is resulting in a 72% increase in foreclosures from 2005 to 2006 according to recent reports. Foreclosure rates are increasing in 2007 due to lack of home sales and increasing [...]
Tags: consumer confidence·delinquencies·delinquency rate·fha loans·Foreclosure Rates in USA·household budgets·market boom