Foreclosure Connections Blog Articles And Foreclosure Information

Foreclosure Crisis Causing Domestic Violence

1,680 views May 22nd, 2008

The current mortgage crisis has been already compared to the great depression, and it is affecting thousands of lenders, homeowners, the building industry and even giants of the home industry such as Lowe’s and Home Depot. But recent reports had shown that the foreclosure crisis is not only causing people to lose their homes, but also their marriages and their families. The devastation trend starts when the owners cannot afford to their mortgages and starts taking their frustrations on each other.

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Lowe’s And Home Depot Hit By Crisis

1,028 views May 21st, 2008

It was predicted that Home Depot (HD) and Lowe´s (LOW) would get hammered by the housing crisis. But not as hard as they thought. With the rising oil, rising food prices and the real estate foreclosure crisis, customers are not buying at all.

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Iowa investor banned from making business

494 views May 20th, 2008

John Davis, a Des Moines real estate investor has been banned from making real estate businesses in Iowa. The Polk Country District Court banned Davis from selling, renting, lease or invest on the states real estate market.

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Waterford Speedbowl Nascar property on Foreclosure Again

314 views May 19th, 2008

According to the state judicial website, the individuals that helped saving the Waterford Speedbowl’s ownership group from foreclosure last supper are the ones taking the Speedbowl property to foreclosure auction. Peter Borelli and Rocco Arbitell helped the ownership group, when the Washington Mutual Bank was preparing to put the Speedbowl property 1080 Hartford Road in auction last summer.

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Clinton Says that McCain’s economy policy plan is simply out of touch.

330 views May 19th, 2008

Sen. Hillary Clinton attacked the future Republican nominee Sen. John McCain, on his foreclosure crisis plan and economic policy. According to Sen. Clinton, MCCain´s economic plan policy boiled down to this: “Don’t just continue driving our nation in the wrong direction. Put your foot on the accelerator and gun it”.

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Foreclosure Company Hits The Wrong Home!

382 views May 16th, 2008

The Field Asset Services (FAS), a company that works together with lenders and banks to prepare homes that are in foreclosure for sale, has hit the wrong unit on a condo in Stockton, CA. FAS was supposed to inspect the unit 232, and instead they entered and re-keyed unit 2 where Ruth Anderson lives.

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Google maps now offering real estate search

536 views May 15th, 2008

Google introduced a new feature in real estate search option in Google maps. The feature can be found on the homepage of Google Maps, by clicking on the My Maps Tab.

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Fraudulent “foreclosure reinstatement” scheme discovered

880 views May 15th, 2008

The Exchange Commission and Security filed fraud charges against the promoters of a real estate investment scheme that operated a fraudulent foreclosure reinstatement scheme. The scheme started in 2005 and got around $18 million in only two years. More than 600 people were caught by the scheme with the promise that they could get returns of 50% of their investment within 30 days.

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Barack Obama talks about the housing crisis

3,140 views May 14th, 2008

The Senator Barack Obama, Democratic presidential runner said on Tuesday that the real estate foreclosure crisis is similar to the Great Depression that occurred in the late 20s. He pointed that the housing crisis is far from going into the direction of the Depression, but the way it affected Wall Street and the financial market is very similar.

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Donald Trump sees opportunities in the real estate crisis

412 views May 13th, 2008

Despite the terrible recession that America is currently facing with the real estate crisis, Donald Trump, the CEO of the Trump Organization says that the housing market is going to get better fairly quickly and that now is the time to invest.

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