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Miama-Dade foreclosure mediation program hits snag on half their cases Since Miami-Dade County launched a pilot program to mediate home foreclosures filed in the clogged court system seven months ago, about half the cases have stalled because mediators can’t find borrowers. Of 14,000-plus foreclosures referred to mediation to seek agreement with a lender and...
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Drop in sheriff’s deeds filed in Ingham County, Michigan, may indicate less foreclosures in housing market There’s a bright spot in Ingham County’s housing market. New numbers show sheriff’s deeds, an early indicator of foreclosures, went down last year. In 2009 there were 1,700 sheriff’s deeds filed. That’s down slightly from more than 1,800...
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Foreclosures filings in North Carolina continued to climb rapidly to a new annual high in 2009 Experts at the North Carolina Justice Center are calling for a stronger State and Federal response to the continued increase in foreclosures. According to records maintained by the North Carolina Administrative Office of the Courts (AOC), foreclosures filings...
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Ohio homeowner, Terry Hoskins, said he’s been in a struggle with his bank, RiverHills Bank, over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home. “When I see I owe $160,000 on a home valued at $350,000,...
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In 2009 the number of foreclosures skyrocketed Nationwide, more than 6,600 family homes are lost to foreclosure every day, according to the National Association of Consumer Bankruptcy Attorneys (NACBA). More than 8,000,000 American homes are expected to be lost to foreclosure over the next five years. By the end of the first quarter, one...
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Fewer Massachusetts foreclosures Fewer Massachusetts homeowners lost their homes to foreclosure in November than the month before, according to data released today by the Warren Group, a private company that tracks real-estate numbers. The number of foreclosure deeds, documents that represents completed foreclosures, fell 23.1 percent to 701 in November from 912 in October,...
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The pace of foreclosures will not slow in 2010 according to attorney Westport Connecticut Attorney, Christopher G. Brown, in a recent article, stated that the rate of foreclosures this year will not slow down. There are a lot of reasons. Not all of the adjustable rate mortgages have adjusted out of the artificially low...
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