Bank of America said Monday that it plans to resume seizing more than 100,000 homes in 23 states next week. It said it has a legal right to foreclose despite accusations that documents used in the process were flawed. Other major lenders have yet to say whether they will follow suit and resume foreclosures in [...]
Entries Tagged as 'Foreclosure Statistics'
Bank of America Renews Foreclosures After Freeze
October 18th, 2010 · No Comments
Tags: Foreclosure Information · Foreclosure Litigation · Foreclosure Statistics
Subprime crisis slows down, Prime crisis picks up steam
August 4th, 2008 · No Comments
The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with good credit are falling behind on their payments in growing numbers, even as the problems with mortgages made to people with weak, or subprime, credit are showing their first, [...]
Tags: Foreclosure Statistics · Mortgage Notes
Foreclosure Actors: Who You May Hear From When Facing Foreclosure
May 25th, 2008 · No Comments
As soon as word gets out that you’re facing foreclosure you may be contacted by a number of different players in the industry. Here is a breakdown of some of some of the type of folks you may hear from: Your Lender. Especially if you have a government backed mortgage, you may be offered multiple [...]
Tags: Foreclosure Information · Foreclosure Statistics · Mortgage Scams