Foreclosures For Sale, News, Articles And Foreclosure Information

Having a high rate of foreclosure homes is good as well as bad for a state. For a homebuyer who is looking for a cheap home to buy, the foreclosed homes found in a bank or a government auction could be a good source. But at the same time, the high rate of foreclosure in [...]

Florida has now come up high on the foreclosure rate list. For several months now, it has stood at number four for its rate in foreclosures. In May of this year, Florida had as many as 25,736 filings at various stages for foreclosures. This was a total six percent high from April of this year. [...]

The rates at which Pennsylvania foreclosure homes are appearing and disappearing from the real estate market makes analysts wonder what the real trend is. However, studies conducted by the California based E-Foreclosuresearch, the real estate analyst of the state has some concrete answers now.

Tennessee football player Adam Jones aka “Pacman” has defaulted on his home in Nashville and a foreclosure sale has been published involving his 30 acres home in Nashville. According to the notice of foreclosure sale, Jones has defaulted on the terms and conditions of a mortgage with U.S Bank.

Yesterday, a new proposed legislation to deal with current New York foreclosure laws was agreed by Gov. David A. Paterson and leaders of New York Legislature.

As chairman of the senate banking committee Chris Dodd has been trying to crack down on companies accused at predatory mortgages at the center of the home foreclosures crisis, but Countrywide, one of the companies being investigated for foreclosure fraud has given Senator Dodd cut rate deals on two loans.

James York, a Sacramento investor has filed a lawsuit against the Calif. congresswomen and her bank for using influence to force Washington Mutual Inc to back out the sale of the foreclosed home that York bought from Rep. Laura Richardson.
York bought the foreclosed home at an auction after Richardson failed to make her mortgage payments.

According to a survey conducted by the National League of Cities in March, out of the 211 elected officials who took the survey, ¼ said that the main cause of homelessness in the cities of their residence was foreclosure. Additionally, in another survey conducted by the National Coalition for the Homeless it was found that [...]

Another sign of the bad economic times: The American Bankruptcy institute said that the number of Bankruptcy files this year could reach 1.4 million.

Associate Press is reporting that Evander Holyfield, former heavyweight champion, is facing foreclosure on a $10 million property in Atlanta. The legal notice ran this week on local papers saying that the property will be auctioned off on July 1. The luxurious 54.000 square foot property has 109 rooms and 17 bathrooms.