Foreclosure activity was down in the state of Hawaii but nationally there was a slight surge in foreclosures.
A trend of 37 months of rising foreclosures in Hawaii was broken in July but experts are not agreeing on whether they are seeing the easing of the foreclosures crisis in the state. A report pointed out that [...]

A $600 million fund has been created for five states hit hardest by the foreclosures crisis, as announced by the Department of Treasury.
Agencies for housing finance can start using these funds locally in North Carolina, South Carolina, Rhodes Island, Ohio and Oregon. The money is targeted at states having counties with unemployment rates touching 12%, [...]

While the government is attempting to bring down the number of foreclosures for sale in the country a recent survey has provided more insight into this housing crisis by pointing out to some main factors which have resulted in home owner’s defaulting on their mortgages and landing up with a foreclosure notice. One of the [...]

As foreclosures are reaching an all time high across the U.S some of the most favored and top notch residential areas are attracting record number of buyers due to the availability of foreclosures at highly lucrative bargain deals. The second quarter of this year has been witnessing a surge in demand for high end properties [...]

While the U.S government is taking severe measures to bring down the surge of foreclosures in the country, the real estate market is witnessing a very strange trend with first time home buyers opting for foreclosed homes in huge numbers. One of the major reason for this new shift in buyers and real estate investors [...]

With the number of foreclosures for sale increasing at an alarming rate all across America, various government agencies as well as other organizations including mortgage companies are showing increased participation in order to help distressed home owners as well as promote the sale of these properties. While various prevention programs have been in place since [...]

Fannie Mae, the government sponsored mortgage giant announced that they have started a fresh website knowyouroptions.com that offers solutions for struggling home owners to avoid foreclosures. The site will help distressed home owners learn about the different options available to them.
The site is Bilingual, available in English and Spanish. The website is the newest initiative [...]

More than 50,000 struggling home owners in five American states plagued with high unemployment are set to benefit from $600 million federal funds aimed at countering foreclosures.
State Housing organizations in North Carolina, South Carolina, Rhode Island and Oregon can use funds from a program called as “Hardest Hit Fund” for combating foreclosures for sale that [...]

There have been a fresh slew of programs aimed at assisting home owners who are facing foreclosure caused by unemployment. The Home Affordable Unemployment Program is a new program from the federal government targeting unemployed home owners to combat the danger of foreclosures for sale.
Around $1 billion is being allotted for redeveloping distressed properties. Another [...]