Mortgage Foreclosure & Refinance Resource

Suddenly, there is a frenzy over foreclosures. Every attorney general in the country is participating in an investigation into the flawed paperwork and questionable methods behind many of them. A Senate hearing is scheduled, and federal inquiries have begun. The housing market, which runs on foreclosure sales, is in turmoil. Bank stocks fell on Thursday [...]

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With record home foreclosures looming by the end of 2008, the Bush Administration is compelled to do something – anything – before the bottom falls out of the economy. Last week, the administration announced that an agreement had been reached with an alliance of the nation’s banks and mortgage lenders to temporarily freeze the low [...]

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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 [...]

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