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The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery. Complete Story...
Colorado had a record-high number of new foreclosures in the third quarter, when new filings hit 12,468.
Foreclosures in Massachusetts soared nearly 30 percent in October compared to the previous month, but are down slightly when compared to the same month last year.
Arizona legislators want to start from scratch on possibly revising a law protecting homeowners from post-foreclosure lawsuits.
Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says.
Rep. Barney Frank said Monday he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed homeowners struggling to pay the mortgage.
A real estate research firm reports there were 925 foreclosure filings in Hawaii in October as distressed homeowners continued to deal with layoffs, furloughs and wage cuts.
Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year.
In an Oct. 28 story about foreclosure rates in Pennsylvania, The Associated Press erroneously reported the location of a town that, according to a RealtyTrac report, is in a statistical region with the highest foreclosure rate in Pennsylvania. The statistical region includes Warren, Ohio, not Warren, Pa.
Pennsylvania's highest foreclosure rate is in the statistical region that includes the northwest city of Warren.
Maryland Gov. Martin O'Malley says he's looking into legislation to require some effort at mediation "before the machinery of foreclosure and eviction starts up."
Fewer Massachusetts residents lost their homes to foreclosure during the third quarter in 2009 than in the same period a year ago.
Foreclosures will make it tougher and more expensive to get an accurate census count next year as families move in with relatives or are left homeless, the Census Bureau's director said Tuesday.
The stalled pace of the government's effort to head off home foreclosures has left families looking for other ways to save their homes. There are people out there who can help. But you have to pick very carefully.
North Carolina consumers soon will have new protections from foreclosures and intimidating debt collection practices.
Peter and Gina Fochtman sat stone-faced at the courtroom table. Across from them was the man who could determine their family's future: an attorney for the bank trying to foreclose on their home.
Nearly two years after the federal government moved to slow home foreclosures, a third major effort is turning into another painful disappointment. By John W Schoen.
With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.
New York's attorney general is suing a foreclosure rescue company and its owner, claiming they engaged in deceptive business practices and false advertising.
A senior House Democrat threatened banks Wednesday that if they don't volunteer to save more homeowners from foreclosure, Congress will make them.
New York's attorney general says consumers do not have to pay upfront fees to companies that promise help in staving off home foreclosures.
Can't afford your mortgage payment? If the bank won't take your call, your member of Congress just might.
Mike Manikchand points toward his neighbors — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year?
The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as job losses and pay cuts exact their toll.
Tim Cabrera eyes the unwanted artwork gracing the interior walls of the house his company just bought: Long streaks and swirls of red and blue spray paint.
America's Newest Land Baron: FDICIn the past two years, the FDIC has taken over 150 failed banks. In the process, it has seized more than 5,000 houses, subdivisions, buildings, parcels and other foreclosed assets.
Fannie Mae's 'Deed for Lease': Solution to Foreclosures? What if people who lost their homes to foreclosure could rent their houses back from the lenders that repossessed them? That idea, which has lingered on the outskirts of the housing-crisis debate, got a boost last week when the federal housing agency Fannie Mae said it would star …
Churches flooding already hammered real-estate marketA veil of white dust covers the organ, the pulpit and the pews at the Grand Lutheran Church in Fort Lauderdale, a house of God bought by developers who planned to raze it for townhouses.
Default notices rising in upper echelon ZIPs In upscale communities such as Los Altos, Greenbrae and Alamo, where median prices top $1 million, about twice as many households received default notices from January to September as in the same period in 2008, according to recorders' office data compiled by MDA DataQuick, a San …
More walk away from homes, mortgagesJanet Speer, 51, isn't happy to be walking away from her 200-year-old home in Royersford, Pa., but she doesn't feel ashamed. Speer says she was paying about $1,400 a month for her home, which was appraised at about $155,000.
Banks offering cash to clear out foreclosed properties | KOMO News - Seattle, Washington | Local & RegionalDespite federal loan modification programs to help struggling homeowners, many lenders are refusing to play ball and are proceeding with foreclosures. But some of those same lenders are quietly paying people to move out and find another place to live.
Democrats push to convert stopgap spending measure into mini-stimulusAppropriators included measures in the latest continuing resolution to provide relief to struggling homeowners, public housing tenants and small businesses.
Being an American has become a Spectator SportBob Herbert at his best and most inspiring tying together the activist success of the past with the passivity of today's citizens.
Homes are foreclosing at a rate of 7.5 every second. Many protesters arrived in Chicago at the U.S. Banker's Conventions to protest the misuse of government funds and leaving tax payers to foot the burden of struggling to make loan payments in the face of unemployment.
Foreclosures Hit the Unemployed Middle Class What's this new "wave" in the foreclosure crisis? The first wave was caused by bad loan products, while the second will be driven by unemployment. Right now, we're at the beginning of wave two. There are virtually no more foreclosures that are the result of subprime lending.
Detroit house auction flops for urban wastelandDETROIT (Reuters) – In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded. After five hours of calling out a drumbeat of "no bid" for properties listed in an auction book as thick …
Tax Credit Lifts Home Sales to Two-Year High - NYTimes.comMore foreclosures are looming, unemployment is surging and the economy remains in the tank — but home buyers are apparently undaunted.
As the holiday season nears, most of us look forward to spending time with family and friends. Children anticipate the arrival of Santa Claus. It is a time for peace and harmony. Our minds are filled with feelings of generosity, sentimentality and reflection.
Waiting for the Next McMansion to DropDespite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years.
As unemployment and poverty rise Obama turns to the financial elite for campaign cashThis article provides a transparent picture of how Wall Street and politicians honeymoon while WE THE PEOPLE foot the bill and have gotten nothing for our investment in them from the newly printed trillions that sooner or later will hyper-inflat the economy in my opinion.
Ruling could undo thousands of foreclosuresA real estate judge is refusing to reverse a landmark ruling that opens the door to voiding tens of thousands of Bay State foreclosures dating as far back as 1989.
Ruling could undo thousands of foreclosuresA real estate judge is refusing to reverse a landmark ruling that opens the door to voiding tens of thousands of Bay State foreclosures dating as far back as 1989.
At foreclosure auctions, broken dreams on sale CHICAGO (Reuters) – The seven-bedroom, three-bath house in this city's West Garfield Park neighborhood had once been someone's American Dream.
Foreclosures: 'Worst three months of all time'Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading.
As Foreclosures Rise, Sheriff's Department Handles Evictions Due to the sensitive nature of their work, the San Diego Sheriff's deputies who were interviewed in the ride-along asked not to be fully identified. Video Reporter Sharon Heilbrunn introduces us to a woman trying to save her house from foreclosure.
FDIC looks to stave off foreclosures amid unemployment With the nation's unemployment rate still high, federal regulators are intensifying efforts to curb the effects of job losses or underemployment before they fuel another wave of home foreclosures.
The Banking System Is Insolvent. by Karl Denninger. 13:56, Tuesday, September 29. 2009Cure rates for these distressed loans remain low. Amherst noted a near 0% cure rate of all loans in foreclosure, 0.8% for 90 plus days delinquent, 4.4% for 60 days delinquent and 26.5% for 30-day delinquencies.
Housing: More Trouble Ahead « Most Recent Stories « The Pragmatic Capitalist Let me frame this… in the bubble years existing sales $500k and over were common. In CA alone, from early 2005 to late 2007, the average house price was over $450k. Total sales were huge then too…over 700k nationally in many summer months.
'The Forecast Calls for Pain': Despite Hopes, Anxiety Bedevils HousingThis morning came a fresh reminder that foreclosures and anxiety still bedevil the U.S. housing market, despite many investors' hopes for an imminent rebound.
Calculated Risk: WSJ: Delayed Foreclosures and "Shadow" InventoryLegal snarls, bureaucracy and well-meaning efforts to keep families in their homes are slowing the flow of properties headed toward foreclosure sales, even when borrowers are in deep distress. ... some analysts believe the delays are ...
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