Homeowners in Hawaii should be able to have a judge of the state supervising procedures of foreclosures and who must be notified 21 days before their home is subject to foreclosure auction. These are part of the recommendations from a task force of the state that represents the consumers and the mortgage industry. A report was delivered by the task force to the legislature, with suggestions to improve the procedures of foreclosures in Hawaii.At...more
Top Things You Can Do To Avoid Foreclosures It is not unusual for a homeowner to feel very helpless once the possibility of a foreclosure dawn on him. While foreclosure happens almost everyday in America, it is a fact that every American also dreads. The possibility of losing one's home is just too much to take considering the alternatives present to a family with financial difficulties. But the fact is, you can do something about your...more
Practical Foreclosure Procedure Help When a borrower miss payments on his mortgage, a foreclosure procedure happens. For instance, if you have used your home as collateral and were unable to pay your mortgage loan as agreed the lender can seize the home. A foreclosure which is administered by the rules of the state can either be a fast or a long process depending on the state. While it is not hard to understand a foreclosure procedure it can be a muddled and tedious process and even a lending organization cannot actually benefit from the long process. This is one of the reasons why most creditors or lenders are more interested in you retaining your ownership in the property than starting a foreclosure process. Once your home is foreclosed, it will be sold in a public bidding and the winning bidder will now take ownership of your home. The thought of losing your home can be really threatening especially if you have suffered from illness or job loss. If you want to do away with the worst consequences of foreclosure or repossession of your home you should consider some decisive steps to have a good chance of saving your home.Before the lender or mortgage company decides to...more
Strategic investors and homebuyers who always aim to buy foreclosed homes at cheaper prices have all the reasons to turn their heads to Alabama. Despite the recent decline in volume of foreclosed homes in most states and in the entire US, Alabama foreclosures rose in November.According to monthly data released by a Real Estate tracking firm, the...more
The crisis of foreclosure properties, which occupied Centre stage in much of 2010, is expected to be resolved only far into 2011. A company which keeps track of foreclosure trends noted that the foreclosure count declined by 21% from October to November last year. According to the Tribune group of newspapers, the decline is due to the announcement...more
Homeownership as well as buying and sale of homes are an important ingredient of Californias sense of economic well-being. But the speed of recovery in the states housing market has tottered with falling sales and declining prices despite low interest rates.Foreclosures in California are at high rates. There is a historic low of new homes sales. The construction sector is faltering. Millions of homeowners are underwater; they owe more than the worth of their homes. $1.73 trillion has been lost by Californians as prices peaked in 2007. Though free fall of Californias housing market came to an end in spring 2009, the steadiness of the recovery is in doubt after a tax credit program ended. Four experts on California expressed a range of opinions from pessimism to cautious optimism. According to Richard Green, director of Lusk Centre for Real Estate, home prices in 2011 will stay flat. He says unless there is hyper inflation, prices will never touch the peak. He pointed out that Central Valley markets were much bubblier than Coastal markets, where the people with money were limited. But in Silicon Valley and West Los Angeles, there are many high income people who can easily spend $1...more
The Foreclosures mess has not left most places in the country unscathed and this includes Lane County. This is not referring only to the sloppy paperwork by banks, but also the vandalizing of abandoned homes by leaving homeowners. For instance, the...more
A couple in Boca Raton in Palm Beach County, Florida, has experienced how the foreclosure deficiency of banks could get worse. James Strassburger, 56 years old, and his wife Deborah, 58 years old, were evicted from their Boca Raton home in May. The...more
How to Stop Foreclosure in Nevada Learning how to stop foreclosure in Nevada is vital for homeowners, even if the process has already begun. Many homeowners believe that when the notice of foreclosure is received, then there is nothing else to...more
West Green Real Estate wants to help you find the best deal on your new home or commercial property. There are many great options waiting for you. Westchestercribs.com has a comprehensive list of properties that includes, lot and land, rental...more
One of the biggest and tallest buildings of Pittsburgh, the US Steel Tower, may face foreclosure soon. It is a 64-story building situated on 600 Grant Street and covers an area of 2.3 million square feet leasable area. Ninety four percent of the...more
In Event of ForeclosureForeclosure of a mortgage typically extinguishes all claims to the property. In other words, if you've negotiated a lease and started a business, your right to use the retail space is terminated by foreclosure unless there is a...more