U.S. Treasury Secretary blasts Banks at Senate Hearing – Foreclosure Homes Information

Posted by Anne | Foreclosure investing | Friday 30 April 2010 3:29 pm

Treasury Secretary Timothy Geithner advised a Senate Panel yesterday that banks were still not doing nearly enough to help American households out of foreclosure. He added that some distressed borrowers who were entitled to federal aid were continuing to lose their homes.

This is bad news for millions of distressed …

U.S. Treasury Secretary blasts Banks at Senate Hearing – Foreclosure Homes Information

Posted by Anne | Foreclosure investing | Friday 30 April 2010 3:29 pm

Treasury Secretary Timothy Geithner advised a Senate Panel yesterday that banks were still not doing nearly enough to help American households out of foreclosure. He added that some distressed borrowers who were entitled to federal aid were continuing to lose their homes.

This is bad news for millions of distressed …

Things get tougher, not easier for households in Chattanooga, Tennessee

Posted by Anne | Foreclosure investing | Friday 30 April 2010 3:29 pm

Residents is Chattanooga, Tennessee can take scant comfort from the fact that the growth in their foreclosure rate for the first quarter year-on-year was 35% below the national average – it still worsened by 25% compared to the same three month period last year.
One in every 211 properties in …

Things get tougher, not easier for households in Chattanooga, Tennessee

Posted by Anne | Foreclosure investing | Friday 30 April 2010 3:29 pm

Residents is Chattanooga, Tennessee can take scant comfort from the fact that the growth in their foreclosure rate for the first quarter year-on-year was 35% below the national average – it still worsened by 25% compared to the same three month period last year.
One in every 211 properties in …

Are Fourteen of the Top 20 U.S. Metro’s shedding their Foreclosure Shackles?

Posted by Anne | Foreclosure investing | Thursday 29 April 2010 4:18 pm

14 leading American metros post year on year improvements
But the Sunbelt States are lagging far behind
This may be more then a blip …
… but there’s a lot more to be done elsewhere

There’s good news for the property market in more than a few of the top 20 American metro areas, …

Local Residents in Detroit’s East Warren District fight back

Posted by Anne | Foreclosure investing | Thursday 29 April 2010 4:18 pm

Local resident’s fight back in East Warren District
The aim is to drive foreclosure crime and grime out of the area
It’s the small things that count
And help keep the snowball moving steadily along

In a city and surrounding areas still plagued with erupting foreclosures, the local CEM Business Association (with interests of …

Lack of Investors in Oasis Towers Miami drives the Project towards Foreclosure

Posted by Anne | Foreclosure investing | Wednesday 28 April 2010 3:33 pm

$219 million condo project fails as investors lose interest
What’s to become of this white elephant?
And what will Bank of America do with the spoils

The huge Oasis Towers high-rise condo in Fort Myers, Lee County, Miami is up against a $157 million foreclosure suit, although the twin towers are still for …

Olathe in Johnson County Kansas is making HAMP a Reality

Posted by Anne | Foreclosure investing | Wednesday 28 April 2010 3:33 pm

Olathe City sets a good example
Federal grant is used to recover derelict property …
… and the City is putting its hand into its own pocket too

Olathe in Johnson County, Kansas just got itself a new bank to help it get out the local foreclosure mess. Only difference is, this bank …

California’s Draft Bill Nr.1275 could prove to be a Double-Edged Sword

Posted by Anne | Foreclosure investing | Tuesday 27 April 2010 4:19 pm

There’s been great fanfare for California’s proposed Mini-HAMP Bill
But is it necessary …
… or will it just make things worse?

While draft California Senate Bill Nr.1275 currently under consideration may be welcomed by some as manna in the foreclosure wilderness to help backslid borrowers stay at home while their loan modifications …

California’s Draft Bill Nr.1275 could prove to be a Double-Edged Sword

Posted by Anne | Foreclosure investing | Tuesday 27 April 2010 4:19 pm

There’s been great fanfare for California’s proposed Mini-HAMP Bill
But is it necessary …
… or will it just make things worse?

While draft California Senate Bill Nr.1275 currently under consideration may be welcomed by some as manna in the foreclosure wilderness to help backslid borrowers stay at home while their loan modifications …

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