Foreclosures

Results for Foreclosures

Foreclosure could claim more than 1 million homes in 2010

LOS ANGELES — More than 1 million U.S. households could lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans, according to RealtyTrac, a foreclosure tracking ...

Forum topic - investorzzo - Jul 16 2010 - 2:03am - 0 comments

American dream or American nightmare?

The housing numbers just keep getting uglier.  From Mish's blog today: US Households: 75 Million 2009 Projected Foreclosures: 3.5 Million (1 of every 21 households) 2009 Projected Home Sales 5.5 Million Inventory of ...

Forum topic - switters - Jul 18 2009 - 1:12pm - 5 comments

Foreclosure update: it's worse then anyone thought!

Delinquent Mortgages Are Soaring; Foreclosures Aren't What that means is the banks are hiding more then anybody new. The other part of the problem is that if the bank actually forecloses, there is no way that it can avoid recognizing the ...

Forum topic - investorzzo - Jul 9 2009 - 5:48pm - 10 comments

Fraud by Mortgage companies key cause of Foreclosures

video. What a racket..... http://www.consumerwarningnetwork.com/2009/05/11/fraud-by-mortgage-compa... Re: Fraud by Mortgage companies key cause of Foreclosures Interesting video. A few things though. Sub prime loans ...

Forum topic - investorzzo - May 28 2009 - 10:11pm - 1 comment

Housing Bubble Smackdown: Bigger Crash Ahead

Due to the lifting of the foreclosure moratorium at the end of March, the downward slide in housing prices is gaining speed. The moratorium was initiated in January to give Obama's anti-foreclosure program---which is a combination of mortgage ...

Forum topic - investorzzo - Apr 23 2009 - 6:16pm - 3 comments

What's the truth behind the latest housing numbers?

The National Association of Realtors reported a 6.5% increase in the number of houses sold in December 2008 as compared to November of 2008.  It also reported a median home price of $175,400, which was 15.3% decline from a year ago. ( ...

Forum topic - Farmer Brown - Jan 26 2009 - 9:08pm - 1 comment