Archive for the 'Foreclosure Crisis' Category

Today, a consortium of the nation’s largest lenders, besieged by criticism of deceptive foreclosure practices like rubberstamping and “robo-signing” foreclosures, announced it had agreed to the terms proposed in a settlement.

There are numerous reasons to avoid foreclosure prevention companies with scams and fees coming in at the top of the

The foreclosure settlement that has been raging between banks, states, and the federal government for close to a year now is still slogging through knee-deep mud, but in one state, an agreement has been reached regarding foreclosure

The real estate market has been up and down so many times many of us feel like we’ve been on a wild, bone-jarring rollercoaster. Homeowners definitely feel that way; some in California have even starting considering the possibility of doing something drastic to rectify problems in the market – like ban

Today, a key report released by the U.S. Department of Commerce indicated that housing starts were up across the country – a nice change from a year that has witnessed a continual slide in new and existing home sales due to the weak housing

We’ve discussed previously the fact that a lot of potential foreclosures – over one million – were due to be filed in 2011 but weren’t because of delays in foreclosure processes. There is also a lot of talk in the industry about how these foreclosures will impact the market once they are filed and placed on the

The foreclosure crisis continues, and the foreclosure market is still as strong as ever – with plenty of buying opportunities out there for the picking for investors and homebuyers who want to take advantage of this once-in-a-lifetime

Homebuyers and investors all across the country have taken full advantage of the steep drop in housing prices since 2006 in today’s real estate market. They’ve gotten used to falling prices, low home values, and bargain discounts everywhere they turn, so imagine their surprise to find that prices in a major metropolitan area are actually

The foreclosure crisis has been characterized by a flood of foreclosure filings month after month, year after year. Millions of homes have been foreclosed on since 2006, and millions more are off-stage, waiting to enter the market and make even more real estate available for discounts and bargains for investors and

You know the story by now: Housing prices started to rise in the 1980’s and, with the exception of a few down periods, continued to rise faster and faster through the 1990’s and early part of this century until June, 2006 – the date most experts agree the housing market crisis began in

As we reported earlier this week, the foreclosure settlement over robosigning and other scandals is heating up. The federal government, state governments, and five major banks have been in discussions for months now regarding the banks and their role in the foreclosure crisis. Previous talks included the possibility of a hefty, multi-billion dollar fine, and a principal reduction or writedown plan involving current

We’ve been following the ongoing struggle between the government and several major lenders over accusations (pretty well documented at this point) that major banks were engaging in shady and deceptive practices in processing foreclosures. As a result of these practices, many homeowners were wrongfully foreclosed on – hence the pending lawsuit from 50 state attorneys-general and the federal

By now, anyone who has attempted to buy a home knows all about dealing with banks regarding real estate. In this day and age, following the housing collapse, buying a home is not as simple as it was before due to slower processing times and tighter requirements from

The foreclosure crisis continues on for the fifth straight year, but for now at least, the number of foreclosures filed in this country by lenders dropped

No homeowner out there likes to hear the word 'foreclosure'. Just the thought of someone out there losing the home they worked hard to get is enough to send chills down the spine of anyone who has a home, thinking “It could be me”. And while the foreclosure market adds great buying opportunities to the table, there aren’t many people out there are who rooting for it to swell and grow even