Archive for 'Foreclosure Crisis'
MacArthur Foundation Pledges $68 Million to Abate Chicago
19 November 2008The charitable organization, MacArthur Foundation has committed $68 million to help organizations that fight the foreclosure problem in Chicago. The investment is considered as the most significant support provided by a private entity to help people avoid foreclosures.
Rising Foreclosures Give New Meaning to the Term “Underwater”
13 November 2008Sudden declines in home prices face the real estate industry, as a by-product of the increase in the number of foreclosure homes flooding the market. Prices have dropped tremendously, and in some cases down to half of what existing homes are originally worth. This resulted to an increase of “underwater” homeowners, or those whose mortgage balances are now higher than what their homes are currently worth.
U.S. Federal Funds to Help Repair Florida’s Foreclosed Properties
11 November 2008The U.S. Housing and Urban Development (HUD) will provide over $140 million in federal funds, under the Neighborhood Stabilization program, to help repair foreclosed homes in South Florida cities and counties. The program aims to repair neglected real properties which contributed to the decline of home market prices and the state’s economy.
A State Warning on Foreclosure Rescue Scams
10 November 2008The issue of foreclosed homes is a widespread problem in Miami, from the southern areas of Miami-Dade County to the areas of Northern Broward County.
Arson, Sentence, Divorce…Do Foreclosures Really Lead To These?
8 November 2008Homeowners will really do anything to prevent foreclosure of their homes, even setting their own houses on fire.
Facing Foreclosure? Who to Turn To
6 November 2008Across the country, millions of homeowners have lost or about to lose their homes to foreclosure. Experts believe that a significant percentage of these homeowners failed to find a solution to their mortgage problems in time. Some may have simply decided to ignore their problem while the others do not know where to start.
Horses: New Foreclosure Victims
5 November 2008In California, the foreclosure crisis has not only resulted to families becoming homeless. In its wake, it also left behind a lot of abandoned animals such as horses.
Foreclosure Fears and Staying Way from Predatory Foreclosure Rescue Operations
3 November 2008Many distressed homeowners are exploring solutions to their mortgage problems in order to avoid losing their homes to foreclosure. In desperation, some of these homeowners turn to foreclosure rescue companies which offers a rent and buyback agreement.
Evander Holyfield: Latest Foreclosure Victim
24 October 2008Everyday thousands of homes enter some stage of foreclosure due to different reasons. This clearly shows that no one is immune to the foreclosure crisis that is currently affecting the entire nation. Take for instance Evander Holyfield, a former heavyweight boxing champion.
Connecticut Senator Warns Homeowners Against Foreclosure Scams
22 October 2008If you are a homeowner facing foreclosure, you should be cautious when it comes to any foreclosure rescue operation that promises you an easy way out of your mortgage problems. In Connecticut, the number of foreclosure-related scams has risen dramatically during the last couple of years as the state struggled with a foreclosure crisis.
