Buying a House in Foreclosure

Buying a House in Foreclosure
Joan Jensen, president and CEO of The Central Credit Union of Illinois, offers some valuable guidance on buying a foreclosure by first determining the differences between making a good buy or saying good-bye to a foreclosure property.
Read more on ABC 7 Chicago

Fears that Chancellor’s cuts could foster massive rise in unemployment
The toughest Budget since the Second World War will be delivered by the Chancellor, George Osborne, tomorrow as he prepares to slash public spending in some departments by up to 30 per cent, strip away middle-class perks and deliver one of the biggest tax hikes in history.
Read more on Independent

1.1 Million People Are Projected to Lose Homes to Foreclosure & Repossession in 2010

1.1 Million People Are Projected to Lose Homes to Foreclosure & Repossession in 2010
Filed under: Personal Finance , Housing , Mortgage Some felt that the economy was better off because foreclosures recently peaked in April. According to RealtyTrac , a company that markets foreclosures online, the total number of foreclosure filings fell by 9 percent from March to April of 2010. Relative to the same time last year, this is a 2 percent decline. The problem the government is …
Read more on Black Voices

Policy-by-policy: Full guide to coalition programme with analysis
A guide to the policies of David Cameron’s Conservative-Lib Dem coalition government.
Read more on BBC News

Foreclosure fatigue

Foreclosure fatigue
Interest in purchasing a foreclosure is significantly down year over year, and the failure of government programs to reach troubled homeowners could exacerbate the backlog of distressed inventory threatening recovery, according to a quarterly survey from two real estate websites.

Read more on Honolulu Star-Bulletin

Outlet stores in danger of foreclosure

Outlet stores in danger of foreclosure
The St. Helena Marketplace property north of St. Helena, once home to a cluster of outlet stores and now the site of a proposed hotel, is in danger of foreclosure.

Read more on The St. Helena Star

Neighbors growing anxious after golf course foreclosure

Neighbors growing anxious after golf course foreclosure
Brian and Stephanie Austin stand in the Lake Arbor Golf Club behind their home in Mitchellville in April. The course’s owner filed for foreclosure April 8 and the property has been abandoned since closing at the end of the 2009 season.

Read more on Gazette.net

US Economy So Healthy One In Ten Mortgages Delinquent (New Record), One In Twenty In Foreclosure

US Economy So Healthy One In Ten Mortgages Delinquent (New Record), One In Twenty In Foreclosure
From Goldman’s Jan Hatzius. Delinquencies and Foreclosures Rise Again Data just released by the Mortgage Bankers’ Assn show that more than one-tenth of all US mortgages are delinquent, a new record high. Homes in foreclosure edge up slightly as well. One caveat: the increases are driven by seasonal adjustment, which should probably be taken with a grain of salt given the huge shifts in this …

Read more on Zero Hedge

Foreclosure help

Foreclosure help
GRAND RAPIDS, Mich. (NEWSCHANNEL 3) – Holding on to your home is a struggle for many people in West Michigan right now. New numbers out last week show the number of foreclosure filings are dropping nationally, while the rates continue to climb in much of our area.

Read more on WWMT 3 Kalamazoo

Foreclosure help offered

Foreclosure help offered
Homeowners at risk of foreclosure can attend a May 24 counseling session sponsored by the Columbus Housing Partnership in conjunction with NeighborWorks America, the HOPE NOW Alliance and the federal government’s Making Home Affordable program.

Read more on The Columbus Dispatch

British recording company EMI fends off foreclosure

British recording company EMI fends off foreclosure
British recording company EMI Group Ltd. said Friday that it has raised enough cash to fend off foreclosure by its main lender, Citigroup . EMI, home of the Beatles, Lily Allen and Norah Jones , said financier Guy Hands’ private equity firm, Terra Firma, intends to invest additional money in EMI so the company can stay in compliance with the terms of its debt. Two people familiar with the matter …

Read more on Fort Worth Star-Telegram

EMI raises enough cash to fend off foreclosure

EMI raises enough cash to fend off foreclosure
British recording company EMI Group Ltd. said Friday it has raised enough cash to fend off foreclosure by its main lender, Citigroup. EMI, home of the Beatles, Lily Allen and Norah Jones, said that financier Guy Hands’ private equity firm, Terra Firma,…

Read more on San Francisco Chronicle