Victorville, CA saw the unthinkable when a mortgage bank not only foreclosed on new homes, but proceeded to demolish them rather than continue to let losses mount.
Think about the families that could have enjoyed their lives here, the money wasted, and the excess of the real estate bubble as you watch this.

When you go into foreclosure in New York, the mortgage company must serve you with a Summons and Complaint.  That does not, however, mean you need to be served by a police officer or sent a certified letter.
In fact, in New York you can be served personally (in other words, someone hands you the papers [...]

If you were in foreclosure and someone offered you a chance to save your home, would you turn your back and walk away?
Well, that’s exactly what’s happened in Frederick County, Maryland – twice.
The Frederick News-Post reports that a recent foreclosure prevention seminar was cancelled due to lack of interest – in spite of the fact [...]

Your home is in foreclosure, and you know you can’t catch up, defend the foreclosure, or do anything else to save the house.
But once the gavel falls at the auction, will you need to leave? Or can you stay in your home even after the foreclosure is finished?

On the brink of a new threat from Hurricane Gustav, many residents of New Orleans have yet to rebuild their homes and resettle their lives after Hurricane Katrina, partially due to the credit crisis and the resulting tightening of restrictions on lending.
In addition, many residents who have not been able to return to their homes [...]

Foreclosure defense is termed a way to “buy time,” according to a recent article in the Miami Herald. In fact, the author claims that a homeowner’s decision to fight foreclosure amounts to not much more than staving off the inevitable. What the article neglects to highlight, however, is the fact that many homeowners [...]

Judge Pat E. Morganstern-Clarren of the U.S. Bankruptcy Court for the Northern District of Ohio, fed up with the shenanigans of law firm Brice, Vander Linden & Wernick, P.C., ordered the firm to review over 1,200 claims filed in pending bankruptcy cases. The edict arose from the judge’s concern that Brice Vander Linden had [...]

The foreclosure process in New York is a long one, requiring a case to wind through the court system before reaching conclusion. The case can take anywhere from 8 months to nearly a full year, depending upon the individual court. Some courts are quicker, some are slower.
It is important to remember, however, that [...]

According to the New York Times, the Federal Bureau of Investigation and the criminal division of the Internal Revenue Service have formed a task force to examine mortgages that were made with little or no proof of the earnings or assets of borrowers. Federal prosecutors in New York, Los Angeles, Philadelphia, Dallas and Atlanta [...]

More than 800 people facing foreclosure in southern Florida last week sought out The Foreclosure Prevention Clinic in an attempt to get answers.
Lenders, as well as local housing agencies and representatives from the U.S. Department of Housing and Urban Development (HUD), Fannie Mae and Freddie Mac, were on hand April 12 to offer direct help [...]