US Foreclosure Information

The local foreclosure rate decreased significantly in month-to-month and year-to-year figures, according to numbers from July 2010 released last week by RealtyTrac. There were 87 homes in some stage of foreclosure during July, down from 145 in June and representing a 40 percent decrease. A total of 190 homes were in foreclosure in July 2009, meaning the rate dipped by 54 percent compared with …

Home Foreclosure Symptom, Not Cause For Increased Crime RatesHigh levels of foreclosures in a community do not independently lead to increased crime rates, as previously believed, according to new research from The University of Texas at Austin.More than 6.4 million U.S. properties entered foreclosure between 2007 and 2009, according to RealtyTrac, the largest foreclosure database in the nation …

Foreclosure mediation can be beneficial for troubled borrowers, provided they go into it with realistic expectations, says Jerron Kelley, a foreclosure defense lawyer in Delray Beach.

Loans taken out by Hispanics in California have been more likely to end in foreclosure than most other groups, according to a study released Tuesday by a nonprofit group that called for renewed efforts to keep troubled borrowers from losing their homes. The… Foreclosure - California - Loan - Business - United States

A nonprofit group says home loans taken out by Hispanics in California have been more likely to end in foreclosure. California - United States - Foreclosure - Business - Hispanic

LOS ANGELES (AP) — A nonprofit group says home loans taken out by Hispanics in California have been more likely to end in foreclosure. The report released Tuesday by the Center For Responsible Lending says almost half of all the state’s foreclosures between October 2006 and November 2009 involved Hispanic borrowers. Yet Hispanics comprise less than a third of the state’s borrowers between 2004 …

Nevada’s foreclosure pandemic has attracted a slew of scam artists hoping to take advantage of homeowners desperate to avoid losing their homes. In response, Nevada Attorney General Catherine Cortez Masto on Tuesday announced a new public awareness campaign to help citizens spot fraud and point them toward legitimate businesses.

ATLANTA — Another predominantly black Atlanta church is facing foreclosure, and it may not be the only one. A coalition of clergy said dozens of other small churches may be facing the same crisis, and they want banks to do more to keep the congregations open.

Overall, Initial foreclosure filings for July dropped 21 percent in the Lower Hudson Valley when compared to the same month a year earlier. The largest drop was in Putnam, with a decline of 30 percent while Westchester reported a 24 percent drop and Rockland reported a 15 percent decrease.

Relief for those facing foreclosure is heading to Eau Claire County. The county is the latest to offer a mediation service between homeowners and lenders.