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A life, foreclosed: Pressured by threat of foreclosure, developer takes his life

 bank foreclosure

Potential buyers tour a home on 66 Tucker Lane in South Dartmouth. RE/MAX Total of Dartmouth shuttled about 50 people to eight bank-owned houses in Westport, Dartmouth, Fall River and Somerset on Saturday. read foreclosures bank owned

 

Understanding and Navigating Your Way Through the Foreclosures Process

Foreclosure properties can be a terrific investment, or give home buyers a much more affordable option than traditional properties in this time of escalating prices. But, before you jump in assuming this is "real-estate for dummies" or the next get-rich-quick scheme, think again! You really need to know your stuff when it comes to navigating your way through the process and making sure you're getting the most bang for your buck.

"For people willing to do some homework, the foreclosure market offers some of the best opportunities in real estate today," ... read Foreclosures Process

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Gaston County woman's wreck leads to hard lesson in foreclosure

Sue Wilson talks with her nephew Jerry Wilson outside her foreclosed on home. It’s been a year since Sue Wilson was in a wreck that changed her life. It’s a year she’d rather forget.

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Goldmann Shorting the Subprime .Representatives of five of Wall Street's dominant investment banks gathered around a blonde wood conference table on a February night almost three years ago. 

Their talks over take-out Chinese food led to the perfect formula for a U.S. housing collapse.

 

Foreclosure-proof homes? Who owns your home?

Mortgage-backed securities have made many homes legal and financial mazes that put ultimate ownership in limbo.

Bank Foreclosure hotline helping most callers

At least four out of five people who have called the Colorado Foreclosure Hotline over the past five months have avoided foreclosure, the Colorado Division of Housing said Wednesday.

found at The Denver Business Journal - 12:48 PM MDT Wednesday, April 4, 2007

Specifically, 7 percent of callers who received counseling later lost their homes to foreclosure. 

    
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Another 12 percent may have lost their homes, but this group includes people in bankruptcy, people who could not later be located, and people who later chose to work with for-profit foreclosure consultants, officials said.

Twenty-two percent of callers sold their home before foreclosure, 15 percent initiated a repayment plan, 13 percent modified their mortgage, 6 percent brought their mortgage current and 5 percent deeded the property to the lender.

The data is based on a survey of 1,500 of the approximately 7,000 people who had called the hotline.

Call volume was highest in the following ZIP codes: 80013, 80015, 80022, 80229 and 80601.

The foreclosure hotline, launched in October 2006, connects nonprofit counseling agencies across Colorado to callers trying to avoid foreclosure. It is a joint project of the state housing division and Chase Bank Colorado.

The hotline number is 1-877-601-HOPE.

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Bank foreclosures South Africa Homes signal rate bite

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related: Chase Bank Colorado and other banks court a new client: The low-income earner

house for sale South Africa near JohannesburgBank foreclosures South Africa Homes signal rate bite

 Johannesburg - The number of notices of sales in execution rose by two-thirds in June compared with the same month last year, indicating that interest rates were beginning to bite.

Pre Foreclosure homes filings in Pima and Maricopa counties increased 311 percent in September to 2,414, up from 777 during the same period last year. read Foreclosures up in metro Phoenix, Tucson
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