Foreclosure Statistics Increase by 84%

Homeowners in the area of East Hamptons, New York seem to be increasingly at risk of foreclosure, according to statistics compiled by Propertyshark.com, an online real estate Website. Lis pendens i. e., Initial legal notices of a pending action, in this case a foreclosure action –  increased by 84 percent in 2009 compared with 2008,…

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Forecasts Say About 3 Million US Homes Will Be Repossessed

According to a RealtyTrac Inc. forecast about 3 million U.S. homes will be repossessed this year by banks due to the high unemployment rate and the depressed home values leaving borrowers unable to make their mortgage payment or sell. If you are one who needs help to stop a foreclosure due to the above misfortunes…

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Get Help to Protect Your Investment and Stop Foreclosure

Your mortgage should come first over other debts. That is the advice of many financial experts. Prioritizing your debt and identifying frivolous expenses can help you if you’re facing foreclosure or attempting to prevent it. A mortgage is an investment that one needs to protect. A lot of time and money and labor went into…

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Foreclosures are on the Increase – Get Help to Stop Yours Here and Now

According to North Carolina state court records the number of homeowners on the edge about to lose their homes to bank foreclosure more than doubled in 2009 compared with the previous year. North Carolina State court’s foreclosure filings rose over 17 percent from 53,960 at the end of 2008 to more than 63,000 through by…

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Banks are Foreclosing at a Faster Rate than the Obama Administration can Handle – Get Other Help Here Fast

Banks are foreclosing on American homeowners at a much faster rate than the Obama administration’s effort to stop the crisis can handle. Though the Treasury Department’s Home Affordable Modification Program, or HAMP, has now started their mortgage modification process on nearly 760,000 homeowner’s properties that are at risk of being taken, less than 5 percent…

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Get Help to Stop Your Foreclosure – Even Judges Can’t Handle Them All

“It’s almost 2,000 foreclosure cases alone per judge to handle,” said J. Thomas McGrady, the chief judge of the Pinellas-Pasco Circuit Court. By the close of 2009, in areas foreclosure cases were stacking up twice as fast as judges could handle them. Reports are that the workload of judges who handle all kinds of civil…

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