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Foreclosures stories:
Weak economic data send stocks into red
Nov 20th, 2009 - Dispatch
NEW YORK (AP) -- Signs of a subdued economic recovery sent investors out of stocks yesterday and in search of safer assets such as the dollar. Major indexes tumbled about 1 percent...
Foreclosures rise in Missouri, fall in Kansas
Nov 12th, 2009 - bizjournals
Missouri ranks No. 30 for foreclosure activity in October, and Kansas ranks No. 37, according to data released Thursday by RealtyTrac Inc. Missouri had 3,218 foreclosure filings — including default notices...
RealtyTrac: Ohio's October foreclosures trail '08, top September
Nov 12th, 2009 - bizjournals
Foreclosure activity in Ohio continues to trail last year’s pace, but new data from RealtyTrac Inc. show the state saw an increase in filings from September to October...
Foreclosures fall for third straight month, but still up 19% from year ago
Nov 12th, 2009 - DailyFinance
The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers.
But foreclosure filings are still up 19 percent from a year ago...RPT-US foreclosures slow a 3rd month; lull temporary
Nov 12th, 2009 - Reuters
(Repeating for additional subscribers) NEW YORK, Nov 12 (Reuters) - U.S. home foreclosure filingsslowed in October for a third straight month, but risingunemployment will spur another record year of failing mortgagesin 2010...
Foreclosures videos from YouTube:
6:13Cabinet secretary in SouthCoast over foreclosures/stimulus funding
US Department of Housing and Urban Development Sec. Shaun Donovan appears in Fall River, New Bedford and Taunton
4:22A wave of foreclosures on Chicago's North Shore?
Matt Garrison, founder of the Matt Garrison Group and CondoShark.com, recently launched ShoreShark.com. ShoreShark reports price discounts, foreclosures and short sales in Chicago's North Shore commnities ...
2:04Wayne County Foreclosures Nov2008
Wayne County runs ads in paper showing foreclosures in Detroit and other Detroit suburbs inside the county. This is before the Big Three go under.
2:18Take a Ride With the Foreclosure Eviction Patrol
AP Correspondent Haven Daley rode along with sheriff's deputies responsible for evicting foreclosed homeowners. Last year they'd get a few foreclosure-related calls every week. Now they're evicting dozens of homeowners weekly. (Oct. 29)
Foreclosures from WikiPedia:
Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue HOA dues or assessments.
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