25 Million Foreclosures before Crisis Ends?
The numbers are almost unbelievable however forecasters predict that within the next two years the number of home mortgage foreclosures will reach an overwhelming figure of twenty five million. The number of foreclosures since this housing crisis started in 2007 to present is just over eight million....
Compliance issues are stopping foreclosures
Homeowners that are delinquent on their property mortgages are attempting to stop mortgage servicers from foreclosing on them by citing compliance mistakes, lost documentation and predatory lending. An attorney in California has boosted about his success in halting mortgage lenders from foreclosing...
Minister fights to save home from foreclosure
Forest Park, Oklahoma Reverend Horace Scott and his wife Michelle are fighting to keep their home of fourteen years. The Scotts are in a catch twenty two of mortgage mess brought on by Countrywide’s’ predatory lending practices. Scotts are not along in this situation and their story is just one of...
Modifications VS Foreclosures
The Obama Administrations plan to help consumers from losing there homes to foreclosure has been genuinely effective in assisting approximately two hundred thousand homeowners. The first half however of 2009 alone has brought on nearly one point eight million in foreclosures across the country. Mortgage...
Loan servicers work the fine print in Obama foreclosure plan
Originaly by Mary Kane: A year after calls for reform, borrowers still forced to waive rights for loan modifications.  WASHINGTON, D.C. — Even as the Obama administration presses the lending industry to get more mortgage loans modified, the practice of forcing borrowers to sign away their legal rights...
Golden State Mortgage Defaults Jump to Record High
Originaly by DataQuick: La Jolla, CA.–Lenders filed a record number of mortgage default notices against California homeowners during the first three months of this year, the result of the recession and of lenders playing catch-up after a temporary lull in foreclosure activity, a real estate information...
BofA wording may cause more foreclosures
Originly by Kirsten Grind: When her Edmonds condo went on the market, Mindy Moore thought she had managed to avoid foreclosure. Moore listed the home in Edmonds for about $30,000 less than she owed on the mortgage. She thought the “short sale” agreement signed with the bank meant the bank would absorb...
Foreclosures
Originaly by Billy Shields: Miami-Dade Circuit Court judge discovered more than 15,000 foreclosure cases filed this year haven’t been served. It’s the latest shoe to drop in a foreclosure crisis garnering nationwide attention, and an unwelcome discovery in the face of state budget cuts that produced...
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