Foreclosures Soar in March, Up 44 Percent Over February’s High

Lenders End Moratoria, Opening Flood of Foreclosures; Re-Defaults and Job Losses Also Take Their Toll SACRAMENTO, Calif.–(BUSINESS WIRE)–Completed foreclosures hit another monthly record in March as 175,199 homes were lost to foreclosure, up 44 percent from February’s record high, according to the latest U.S. Foreclosure Index released today by, a leading real estate information […]

Flood of foreclosures: It’s worse than you think

NEW YORK ( — Housing might be in worse shape than we think. There is probably even more excess housing inventory gumming up the market than current statistics indicate, thanks to a wave of foreclosures that has yet to hit the market. The problem: Many foreclosed homes and other distressed properties that are now owned […]

1 in 33 Homeowners Projected to Be in Foreclosure Within the Next Two Years

This will affect more than 9 million people. Man, women and children. New Report Highlights Actions States Are Taking To Help Mitigate The Mortgage Crisis And Urges Federal Legislation To Take State Efforts Into Account WASHINGTON, April 16 /PRNewswire-USNewswire/ — One in 33 homeowners is projected to be in foreclosure primarily over the next two […]

Media Ignores Reason for Foreclosures

Loss of good jobs through ‘free’ trade is at heart of foreclosure epidemicBy Mark Anderson With the mortgage crisis reaching critical mass, it’s time for Americans to see past the media reports that are keeping them in the dark. Take Shaker Heights, a suburb of Cleveland. Foreclosures have emptied most of the houses. This town […]

Number of US Foreclosures Three Times Higher Than Last Year

Last week was a tough one for the markets. Oil rose over US$88 and the Dow got clobbered. It fell 366 points on Friday. The euro rose to almost US$1.43. The Boston Globe gives us a quick update on the housing picture: “‘You can see that it’s a crisis,’ said John L. O’Brien, registrar of […]