Foreclosures Archives

NEW YORK (MainStreet) -- It’s a tale of two housing problems. Read more»
NEW YORK (MainStreet) — The Obama administration and Congress are anxious to get the debt debate behind them so they can focus on an equally big problem: the U.S. housing market. Read more»
NEW YORK (MainStreet) — Moody’s Analytics’s chief economist Mark Zandi says it’s time to stop fooling around with the housing market and take some aggressive – and historical – steps to keeping Americans in their homes. Read more»
NEW YORK (sbup) -- Banks are foreclosing on so many homes, it’s becoming impossible to get rid of them all. That in turn is driving the foreclosure rate upward--not downward as some experts have been saying—and it’s a trend that could worsen if banks and lenders don’t take action, Equifax says. Read more»
NEW YORK (MainStreet) — While Washington debates spending cuts, the federal government is stepping up efforts to keep jobless Americans in their homes. Read more»
Experts: The Market Needs Faster Foreclosures
By: Brian O'Connell
NEW YORK (MainStreet) — The key to stabilizing U.S. home prices is to do the opposite of what’s happening now, says one housing industry expert. Instead of sitting on hundreds of thousands of foreclosures, banks and lenders should be accelerating the process of foreclosure and eviction. Read more»
NEW YORK (MainStreet) — For a homeowner facing foreclosure, there’s a silver lining: Lenders are so backed up that some homeowners may be able to stay in their homes for years before getting an eviction notice. Read more»
New York Posts Longest Foreclosure in U.S.
By: Brian O'Connell
NEW YORK (sbup) — It could take up to seven—yes, seven—years for New York state courts to clear all current foreclosure  proceedings, with the average home foreclosure taking almost three years to process. What’s with the delay? Read more»
Foreclosure Filings Remain Artifically Low
By: Jeanine Skowronski
NEW YORK (MainStreet) — Foreclosure activity decreased by 9 percentage points to a 40-month low in April, according to new data released Thursday by Realty Trac, a firm that monitors the foreclosure market. Read more»
NEW YORK (sbup) — It may sound strange, but sometimes not paying your mortgage can be a good thing. Lenders call it “squatter’s rent,” the money homeowners heading toward foreclosure save by not paying their mortgages while the foreclosure process rolls along. Read more»
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