The number of foreclosures jumped to 223,538 in September, 99% higher than the number last year, though down 8% from August, according to RealtyTrac, which compiles housing data. California had the largest number of foreclosures, with 51,259, and Florida was second, with 33,354.
With statistics like that lenders are becoming more flexible in their negotiations with [...]
Entries from November 2007
It’s Getting Easier to Avoid Foreclosure
November 26th, 2007 · No Comments
Tags: Foreclosure Information · Foreclosure Statistics
Plan Ahead to Avoid Foreclosure: Home Equity Line of Credit
November 23rd, 2007 · No Comments
This isn’t exactly a foreclosure alternative but qualifies a good preventive measure. Generally, the reason people can’t afford to make payments are emergencies . A lost job, or a sudden illness. However, there is no reason you can’t plan ahead and avoid an emergency ending your dream of home ownership by setting up [...]
Tags: Avoiding Foreclosure · Foreclosure Information
Freddie Mac Sued Over Mortgage Losses
November 21st, 2007 · No Comments
Scott Reimer, shareholder has filed a lawsuit against Freddie Mac, its CEO and others on Wednesday, alleging the No. 2 U.S. home funding company did not take adequate steps to protect itself from problems in the mortgage industry. In the complaint filed in U.S. District Court in Manhattan Reimer accuses Freddie Mac, CEO Richard Syron [...]
Tags: Mortgage Litigation
