The foreclosure crisis hasn’t just pummeled middle class America, even the upper class as felt the wrath of a sputtering mortgage lending industry. More million dollar homes are in foreclosure than ever before, bringing new challenges to the banks who own those multimillion dollar mortgages. Big Mortgages, Big Problems Defaulting on an average sized, moderately  … Read more

Residents of Illinois will get a chance to take advantage of a unique program designed to help homeowners at risk of foreclosure. Although numerous states have held workshops and conventions for putting homeowners in touch with mortgage debt relief solutions, Illinois is the first to create a program of this nature. Changing The Way The  … Read more

When home buyers picture buying a home the last thing on their mind is a foreclosure. With so many foreclosures saturating the market today, the average home buyer is bound to come across a few in their search. Although most people shy away from buying a foreclosure, the potential benefits in purchasing one could be  … Read more

New foreclosures are hovering around prior rates and old foreclosures are still sitting stagnant. Most people assumed that foreclosure sales would increase this year as so many properties are sitting and waiting to give a potential buyer a great deal. So far this year the number of foreclosure sales has been highly disappointing, but a  … Read more

Homeowners aren’t the only ones in the midst of foreclosure these days. New home construction  has slowed over the last few years and many companies have gone out of business. Those that are left still trying to bring new homes into the community have a tough market to battle, some of which have ended up  … Read more

There is no doubt that the American Dream of home ownership has taken a hit in recent years. The once picturesque neighborhood has turned to one plagued by short sale and foreclosure signs. As more people are forced out of their homes, one art exhibit aims to change our view of the future of home  … Read more

Unfortunately, homeowners are the only ones suffering from the threat of foreclosure. Many businesses and non-profit organizations have been hit by the mortgage crisis as well. As the economy continues to challenge all property owners, even houses for worship and practice aren’t safe from the grips of foreclosure. Guided Into Debt A recent study reports  … Read more

Homeowners are not the only ones affected by a foreclosure. The far reaching effects extend to neighbors, entire communities, cities and even state offices. Fixing the foreclosure crisis isn’t only about lenders and federal programs, but how residents and city officials can make a local impact. All Aboard For many of the hardest hit communities,  … Read more

Millions of Americans have suffered at the hands of the wrongful foreclosure problem that spread across our nation over the last few years. As just one of the kinks in the chain of the foreclosure crisis, this issue has left many without  a home and in deeper financial trouble. Luckily, there has been much attention  … Read more

While many are scrambling to find a solution to the foreclosure crisis that has plagued the nation over the last few years, new evidence is coming to light about where some of the potential gaps in the system might be. Without forgetting the role stingy lenders have played in the mess, it has been discovered  … Read more