Q&A on foreclosure and adjustable-rate mortgages (The Clarion-Ledger)
Q. What is foreclosure? A. A foreclosure occurs when the mortgage lender reclaims the title and rights to a house or property because the borrower is unable to pay the monthly mortgage obligation. The lender may sell the foreclosed property to satisfy the debt.
Mortgage delinquency rate drops (San Jose Mercury News)
The strength of the economy and the job market helped residential delinquency and foreclosure rates decrease during the first quarter of 2006, according to the Mortgage Bankers Association’s quarterly survey, released Monday.
Teaching homeowners how to avoid foreclosure (KHOU)
Recent figures show foreclosure listings in Harris County increased from 345 in May to 533 for June. Now there’s a push to help homeowners avoid losing their homes to foreclosure.
Does foreclosure market show real estate is heading for a meltdown? (Daily Breeze)
Professional investors and others who look for homes in foreclosure to buy are having a harder time finding good deals.
Mortgage workshop planned Wednesday (The News Journal)
A mortgage workshop will be held from 6 to 8 p.m. Wednesday at the Bear Library, 101 Governors Place. The workshop will offer instruction on how to understand your credit report, shop for a mortgage and, how to keep your mortgage current and prevent the loss of your home to foreclosure, state Deputy Bank Commissioner Gerry Kelly said. The event is free and open to the public. Dinner will be
Boca firm stays on top of fast paced foreclosure market (Boca Raton News)
It’s a “buyer’s market” nationwide in residential properties, says Boca Raton based Foreclosure.com President and CEO Brad Brad Geisen.
60 to get foreclosure notices (Honolulu Advertiser)
Honolulu is giving notice to 60 of its worst building and zoning code violators that they could lose their property to foreclosure.
Utah foreclosures dive (Deseret Morning News)
Utah’s mortgage foreclosure rate has dropped to its lowest point in nearly seven years, and 26 other states now post higher rates than Utah, according to a new report.
State high in troubled loans (Denver Post)
Colorado ranked seventh among states for the percentage of home loans that started the foreclosure process during the first quarter of the year, according to a study released Monday by the Mortgage Bankers Association. The percentage of Colorado home loans that entered the foreclosure process was 0.62 percent. That equates to 5,795 loans that entered foreclosure out of 934,699 loans serviced.