The foreclosure crisis isn’t picky. In fact, the housing market saw a 335% increase in foreclosures among million dollar homes in 2010. Once the homes of the rich and wealthy, many of these big properties are becoming a big risk for lenders when homeowners default. Big Troubles The high end housing market hasn’t been able  … Read more

With multiple options for resolving mortgage debts it can seem overwhelming to know which is right. Each person’s financial situation is unique, which means that not all foreclosure alternatives bring the same benefits or risks to the table. Knowing the pros and cons of each option can help you determine which option may be best  … Read more

As an effort to right several wrongs over the last few years these lenders will be paying restitution to those who were driven out of their homes by foreclosure initiated unreasonably by lenders. The end of a recent court battle brings the nation’s five largest mortgage lenders to pay out $25 billion to homeowners unlawfully  … Read more

Your mortgage is most likely your biggest source of debt. While this is common for most families, mortgage debt and default is becoming all too common in this tough economy. For most people, the threat of losing their home to foreclosure is rapidly approaching and leaving many people feeling overwhelmed. Luckily, homeowners in nearly all  … Read more

As one of the hardest hit areas by the foreclosure crisis, Nevada has faced its fair share of housing market challenges. Sky high foreclosure rates and plummeting home values have brought tough times for Nevada homeowners. However, a recent law has helped to slow the foreclosure rate in hopes of helping the local housing market  … Read more

After weeks of peaceful protests in the name of fighting foreclosures, one Occupy Movement is meeting some resistance from an unlikely source. It isn’t authorities that are cracking down, but a homeowner from New York who wants the protestors to leave his home. Making A Statement In the wake of the foreclosure crisis, many Occupy  … Read more

As if the foreclosure process wasn’t scary enough, there are big differences between how they are handled between states. These differences have the potential to restrict homeowner options for resolving their debts, as well as impact their chances of successfully avoiding a foreclosure. Key Differences There are two types of foreclosure proceedings, each of which  … Read more

A recent announcement by the Obama administration say’s that there could be help for foreclosures just around the corner. Well, maybe. The plan is for Freddie and Fannie to join a government pilot program that may help to minimize the damaging effects of foreclosures. Trying Something New A new pilot program is in the works  … Read more

Dealing with mortgage debt is not easy for anyone. In most cases, you may feel like time is running out and you have few options. The Federal Trade Commission has been working to better educate and protect consumers when it comes to foreclosure prevention. It is important that you know your rights as a homeowner,  … Read more

Despite public opposition and run-ins with local authorities, the Occupy Movement continues to spread around the nation. As much of the Movement’s momentum has been losing steam over the last few weeks, one branch of Occupy protestors haven’t slowed down. Occupy Foreclosure protestors are quickly gaining momentum around major areas devastated by the foreclosure crisis,  … Read more