Archive for May, 2009

Retailers Feel Mixed Impact From Foreclosures
Wall Street Journal
By MARY ELLEN LLOYD US home foreclosures have a mixed impact on sales at Home Depot Inc. and Lowe's Cos., the top executives at both home-improvement retailers recently said. New data, released last week, indicate the pace of foreclosures has stepped

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Foreclosure fixers will help you - for a fee
Newsday, NY
They arrive after homeowners receive their first legal foreclosure notice, which makes their mortgage default and their financial troubles public. But these notices aren't from a lender, a government office or even a nonprofit counseling agency.

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Second wave of foreclosures
Santa Rosa Press Democrat, CA
By MICHAEL COIT A new wave of foreclosures is building in Sonoma County, one that echoes the subprime crisis that flooded the region's housing market with distressed properties. The tide of troubled loans, which first struck high-risk borrowers who did
Ticking timb bomb for borrowers in pay-option loans Santa Rosa Press Democrat
all 4 news articles

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AP-Hurricane Season-Foreclosures
WZTV, TN
If a hurricane hits, thousands of vacant, foreclosed-upon houses could be damaged. Not only would that diminish their value even further, but flying debris from unprotected homes could pose a threat to neighboring properties.

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The Southern Ledger
AP IMPACT: Foreclosures add to hurricane hazards
Washington Post, United States
Mike Manikchand points toward his neighbors _ a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards _ and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: "A lot of these places
AM720 KDWN News Traffic Weather KDWN
all 287 news articles

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Second wave of foreclosures ahead
Santa Rosa Press Democrat, CA
By MICHAEL COIT A new wave of foreclosures is building in Sonoma County, one that echoes the subprime crisis that flooded the region's housing market with distressed properties. The tide of troubled loans, which first struck high-risk borrowers who did
Ticking timb bomb for borrowers in pay-option loans Santa Rosa Press Democrat
all 2 news articles

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The Associated Press
Foreclosed homes a problem during hurricane season
The Associated Press
(AP) — Mike Manikchand points toward his neighbors — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: "A lot of these

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The Associated Press
After crash, has twilight come to the Sun Belt?
The Associated Press
Interviews with economists and demographers across the region, and data from The Associated Press Economic Stress Index, a month-by-month analysis of foreclosure, bankruptcy and unemployment rates in more than 3000 US counties, suggest that the answers
Has twilight come to the Sun Belt? KTEN
Has twilight come to the Sun Belt? KPTM-TV
Has sun set on the “Sun Belt”? Wilkes Barre Times-Leader
all 249 news articles

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Ga. firm rents foreclosures to those who can't buy
Sify, India
The graffiti, probably the work of neighborhood kids, stretches from the kitchen to the upstairs bathroom of the foreclosed home. Even the carpeted staircase has been tagged. "Unbelievable," says Cabrera, chief operating officer of Atlanta-based Pride

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ABC News
Mortgage delinquency and foreclosures reach record high in Q1
TopNews United States, Arkansas
According to data released by the Mortgage Bankers Association, the 2009 first quarter saw a record number of homeowners into delinquency or foreclosure, particularly due to the ever-increasing unemployment levels. As per the survey by the industry
Community conversations: Bloggers engaged in foreclosure discussions The News-Press
Texas foreclosure rate half that of national rate Dallas Morning News
Mortgage Delinquencies, Foreclosures, Rates Increase Bloomberg
Property Wire - Washington Post
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