Archive for the ‘real+estate’ Category

Foreclosures Four Times Higher in Military Towns

Wednesday, May 28th, 2008

Foreclosure filings in 10 towns and cities within 10 miles of military facilities, including Norfolk, Virginia, home of the Navy's largest base, rose by an average 217 percent from January through April from a year earlier. Nationally, the rate was 59 percent in the same period, according to RealtyTrac, which ...

Bush unveils plan to help borrowers

Thursday, December 6th, 2007

Smoke and mirrors? "Bush said 1.2 million people could be eligible for help. But only a fraction will be subject to the rate freeze. Others would get assistance in refinancing with their lenders and moving into loans secured by the Federal Housing Administration, Bush said."Read the full story

Foreclosures jump 30 percent in 3rd quarter - Mortgage Mess

Wednesday, October 31st, 2007

Foreclosure actions were reported on more than 446,000 properties the three months ended Sept. 30, up 30 percent from the second quarter and double last year’s third quarter. That brings the overall foreclosure rate to one in every 196 U.S. households.Read the full story