Foreclosures For Sale, News, Articles And Foreclosure Information

Citigroup Inc. has launched an outreach program for its 500,000 borrowers who paid their mortgage payments on time but live in areas with high unemployment rate or declining home values. This program aims to help homeowners avoid initiating foreclosure proceedings.
Citigroup will establish a moratorium on foreclosures provided that the borrower currently resides in the mortgaged [...]

Sacramento has announced its support of plans aimed at reworking foreclosures. The city was reported to have had 30,000 foreclosed homes in its area. Thus, it moved to back the proposed plan spearheaded by the US government.
Aside from the support that it got, the government’s plan proved to be successful as Citigroup Inc. has [...]

Cook County Sheriff Dart said that he will restart evictions at foreclosed homes after making a deal with lenders to ensure the protection of some tenants. He said that there are tenants who have been paying their rent promptly but who haven’t been notified of evictions properly.
Dart suspended foreclosure evictions during the first week of [...]

Neil Kashkari dutifully took Henry M. Paulson Jr. place during the government’s unveiling of its latest foreclosure prevention scheme. The Treasury secretary was conspicuously a no-show in last Tuesday’s announcement of the now controversial plan which, according to critics, is just another half-baked measure to solve the housing problem.
As if in tacit agreement, a [...]

There have been quite a large number of foreclosures being reported in the US. The reports cited continuous increase as the years go by. The said problem seems to affect almost all US states which is the reason why the situation has reached a very alarming level of severity.
It has been reported that in the [...]

Adding to the political tensions surrounding the Bush Administration’s latest plan to provide foreclosure relief to borrowers from Fannie Mae and Freddie Mac, are lawmakers’ suspicions that investors are hindering the said plan for their own interests. Representatives from the mortgage industry faced the House Financial Services Committee last Wednesday to deny the claim.
According to [...]

Tucson is to receive $7.2 million as federal aid to help fight the existing foreclosure crisis. Meanwhile, a large number of bank foreclosed homes are up for sale right now. More home owners continue being at risk of losing their homes to foreclosure. While the federal relief might not help these home owners much, relief [...]

Mortgage services have expressed their concerns over the possibility that the 90-day moratorium imposed by the U.S. Congress on home foreclosures could just prolong the worsening housing market crisis.
Residential Credit Solutions President Dennis Stowe explains that a moratorium could delay the application of needed corrections and could affect mortgage servicers who are already experiencing liquidity [...]

As the government launched various programs to curb the increasingly growing tide of foreclosures for sale, one woman has decided to use her own experience to help the other troubled borrowers.
Foreclosure survivor Donna Johnson recalled how frightened she was during the time when she almost lost her home to foreclosure. After losing her job suddenly [...]

Now that the U.S. election is over, the new president, together with his secretaries, advisers and Congress, can now start to work and focus on rescuing Americans who are facing expulsion from their foreclosed homes.
In 2007, the government launched at least two programs, such as FHA Secure Plan and Hope Now Alliance, to help borrowers [...]