After hitting a record-high of more than 342,000 in April, U.S. foreclosure activity backed down 6 percent in May, with 321,480 properties receiving a foreclosure filing during the month, according to the RealtyTrac U.S. Foreclosure Market Report released today. That was still up nearly 18 percent from...
U.S. foreclosure activity hit another record-high level in April, thanks to a slight increase from the previous month, according to the U.S. Foreclosure Market Report . Foreclosure filings were reported on 342,038 properties during the month, up less than 1 percent from March and up 32 percent from April...
Bankruptcy Law May Be Modified Chicago Tribune Congress is poised to give bankruptcy judges more power to modify primary home mortgages in an attempt to halt the foreclosure crisis, a move Democrats and housing advocates have been pushing for two years in the face of stiff opposition from Republicans...
Lawyer Outwits Banks in Foreclosure Battle New York Post While the Obama administration battles to keep people from losing their homes, one Florida lawyer said she has a better answer to the toxic mortgage epidemic sweeping the country — fight back against the loan servicers and banks that are...
Don't Let Judges Tear Up Mortgage Contracts Wall Street Journal February 13, 2009 The nation faces a foreclosure crisis of historic proportions, and there is an understandable desire on the part of the federal government to "do something" to help. House Judiciary Chairman John Conyers's...
After a somewhat unexpected spike in December, foreclosure activity dropped 10 percent in January -- although the January total of 274,399 was the fourth highest monthly total since January 2005 and still up 18 percent from January 2008, according to the latest RealtyTrac U.S. Foreclosure Market Report...
RealtyTrac released its November foreclosure numbers today and they show foreclosure activity for the month decreased 7 percent from the previous month, down to the lowest level since June (although it was still up 28 percent from November 2007). At first glance this appears to indicate that all the...