Kentucky homeowners struggling to keep their homes out of foreclosure have a new resource that may provide instantaneous relief from their financial stress. The Federal Home Loan Bank of Cincinnati announced Monday that it will award $400,000 in grants to homeowners who meet certain qualifications and are willing to go through a credit counseling course [...] read more »
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Property management companies all across the country are thriving despite the devastating downturn of the American economy. Their business is to take care of abandoned homes and buildings, and the increasing spread of the foreclosure crisis is great news for their booming businesses. Their job is to take care of broken windows and locks and [...] read more »
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If you’re one of millions struggling to make your mortgage payments, you may have been putting off calling your lender to discuss your options for awhile. You are not alone. Most homeowners are scared and embarrassed to call their mortgage companies or banks to let them know they are struggling to make their payments afraid [...] read more »
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So you’re like millions of other people all across the country struggling to make your home mortgage payments. Maybe you are behind a couple payments or maybe you have just received the dreaded intent to foreclose notice from your lender. Whether you are already in the throes of fighting foreclosure on your home or are [...] read more »
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The foreclosure crisis has gone beyond lower class homes and has now stretched into the upper class residential areas as well as businesses. Most recently, a very popular hotel in Waikiki, Hawaii has been filed in foreclosure hearings. The W Hotel is owned by Anekona W, a company owned by Brian Anderson which owns several [...] read more »
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In the hay day of subprime lending thousands of people lined up for a piece of the easy credit pie, feeling like they had hit the jackpot. Many believed that being given a loan that they could not even afford was the good old American dream that more and more people were being handed. Now [...] read more »
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The economic down turn only gets worse and worse, leaving many homeowners all over the country more and more desperate to save their homes from foreclosure or find a way to get rid of the property before things get that far. Thousands have already gone through foreclosure in the past couple years, but this year [...] read more »
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The ultra exclusive back country of Greenwich, Connecticut is know for its mansions and super rich owners, but that image has been tainted in the minds of some residents as an extremely rare foreclosure hits the neighborhood.

Back in February, the owner Michael Lauer was indicted in Miami along with four other people. Lauer is the [...] read more »
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It isn’t just homeowners that are currently struggling to make mortgage payments and keep their homes. Building owners, business owners, and even churches are appearing more and more often in local foreclosure court hearings. These courts are becoming overrun by foreclosure filings and it is not just the lower to middle class every day Americans [...] read more »
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On Tuesday September 23, protestors gathered in lower Manhattan shouting in loud unison, “Bail out Main Street, not just Wall Street!” The demonstration was in response to U.S. Treasury Secretary Henry Paulson’s plan to solve the current economic crisis, which is still being debated and analyzed by congress. The plan will hand over $700 billion [...] read more »
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Maurice McDowall, a New York man involved in one of the many foreclosure rescue scams going on all over the country, has officially been convicted and sentenced for his crimes. He was charged with conspiracy to commit bank and wire fraud and was sentenced ten years in prison. Mr. McDowall was also ordered by the [...] read more »
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With a record number of homes going into foreclosure in alarming numbers, the list of businesses rushing to “help” thousands of troubled homeowners is rising just as quickly. Some are legitimate resources such as financial counselors and local information hotlines offering to help save local resident’s homes. Yet lots of others are simply scammers reaching [...] read more »
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Many people go through foreclosure on their home one step at a time. On any given day they do not know what to expect, who might be knocking on the door, or what a judge is going to say in court. They do not know how long they will have to stay in their home [...] read more »
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Last weeks announcement that the financial industry’s $700-billion bailout might include help for Americans facing foreclosure has left those in the real estate and mortgage industries with questions.

The plan was proposed to congress by U.S. Treasury Secretary Henry Paulson, but has not yet been approved. It states the Treasury would buy $700 billion in mortgage-based [...] read more »
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There isn’t much that can be done if a homeowner loses their job, has serious medical injuries that lead to large amounts of bills, or faces other circumstances where they simply don’t have the money to pay their mortgage. For many people facing possible foreclosure in the current housing crisis, it may not be possible [...] read more »
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