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Home Construction Picks Up as Foreclosures Drop in November

After quite some time, construction of new homes rose in November. According to data released by the US Commerce Department, annualized rate of new home constructions increased by 3.9% in the month to 555,000 units compared to new home constructions in Oc... Read >

Biggest Mall in Mississippi Escapes from Foreclosure

Jackson Metrocenter Mall in Mississippi has avoided foreclosure through settling overdue payments. The owner, Jackson Metrocenter Mall Ltd, a Texas-based limited partnership, said it beat the deadline and spared the shopping mall, the biggest in Mississip... Read >

St Louis County Foreclosures: A Way To Get Your Own House

Many of us believe that having a house is a dream, because of the economy that we are experiencing now. Moreover, many think that you need to spend all of your hard-earned money to have your ideal house. Nevertheless, you will be surprised to find houses ... Read >

You can now buy High end Homes from Louisville Foreclosures

The postman in Los Lagos Sacramento in Granite Bay is expected to deliver one fresh home loan default notice every month. Even some business executives and estate magnates are susceptible to this situation. High end properties are being sold as Louisiana ... Read >

Pasco County Judge Says Foreclosure Fees should not be Expensive

Pasco County Circuit Judge Susan Gardner has warned lawyers in Pasco County, Florida, against the common practice of inflating legal fees for foreclosure cases. The judge said she would be closely watching and would not tolerate unreasonable attorneys’ fe... Read >

Federal Court Allows GMAC to Resume Foreclosure Sales in Maine

The US District Court in Portland has allowed GMAC Mortgage Co to continue its foreclosure activities in Maine. The mortgage lender’s foreclosures in the state have been put on hold since last month. However, the court said the decision has nothing to do ... Read >

Bank of America Resumes Foreclosures; Introduces Process Improvements

Bank of America has announced the resumption of its foreclosure sales after temporarily freezing it in October. The major lender voluntarily halted its foreclosures to give way to a review of the company’s foreclosure procedures. This decision came after ... Read >

Wells Fargo Offers Foreclosure Relief Workshop

Wells Fargo has conducted a two-day loan modification workshop in Ontario, California. The bank’s project was held at the Ontario Convention Center during the first and second weeks of the month. The initiative was described as one of the bank’s efforts t... Read >

Boston Mayor Wants Mediation Prior to Foreclosure

In an obvious effort to help curtail and prevent foreclosure in Boston City, Mayor Thomas M. Menino is proposing to require mortgage banks to get into a face-to-face mediation with homeowners before actually foreclosing them. The proposal would be voted b... Read >

Temple City in Los Angeles Aims to Keep Foreclosed Homes Clean

The Temple City Council is proposing an ordinance that would regulate maintenance of foreclosed homes in the city. The proposal is set to be approved next month. According to Temple City Mayor Rick Ford, the city government has been receiving numerous com... Read >

Wings of Justice Chase Foreclosure Kingpin

In a sign that justice could soon be sought by homeowners who have foreclosure problems with Lender Processing Services (LPS), several third-party probes have found out that the company’s legal woes are far more serious than it had previously disclosed. P... Read >

S&P Asks for Assurance on Foreclosure Practices

Standard & Poor’s is finally stepping in to the current foreclosure controversy. The ratings agency has set a deadline for mortgage servicers to verify and justify their respective foreclosure proceedings to make sure they are in line with regulations. Th... Read >

Complete Foreclosure in Florida Drops in November

The rate of foreclosures fell 42% in Florida last November, according to data released by a property tracking firm. It was compared to foreclosure rate in the state in October. Compared to the volume of foreclosed home listings in November last year, the ... Read >

Sales of Government Foreclosed Homes in Huntsville, Arkansas on the Decline

If you are looking for government foreclosed homes in Huntsville, Arkansas, then it’s important that you stay updated with the latest foreclosure news. For instance, last November, Freddie Mac and Fannie Mae made an important announcement saying that fore... Read >

Florida Organization Wants ‘Robo-Signers’ Video on the Internet

The Florida office of the American Civil Liberties Union (ACLU) has filed an appeal to a temporary injunction order that a Sarasota County court issued over online postings of videotaped depositions of so-called ‘robo-signer.’ On November 19, Judge Rick D... Read >