foreclosure

AP - Federal officials say a deal has been reached between states and the nation's biggest mortgage lenders over foreclosure abuses.

The recession has been particularly cruel in Nevada. The state has the nation's highest unemployment rate and highest foreclosure rate.

That's made the state's budget situation difficult, to say the least. Now Nevada hopes to broaden its tax base beyond the mainstays of tourism and gambling.

» E-Mail This     » Add to Del.icio.us

Solano County, Calif., between San Francisco and Sacramento, has a great climate, diversity and until recently, stable neighborhoods.

But now it has the second-highest foreclosure rate in the country. Residents here long for different economic times, like when they were growing up.

» E-Mail This     » Add to Del.icio.us

Debra Dahlmer has never missed a mortgage payment. But her lender, Bank of America, still threatened to foreclose on her.

After a saga that has lasted for more than a year and a half, there might finally be light at the end of the tunnel.

» E-Mail This     » Add to Del.icio.us

The reason for the drop in foreclosure filings is because banks are taking longer to process them because their paperwork procedures are under greater legal scrutiny.

» E-Mail This     » Add to Del.icio.us

After a bank employee's scam undermined her mortgage, homeowner Rachel Keyser thought she might get some help.

Instead, her bank has repeatedly tried to foreclose on her house.

» E-Mail This     » Add to Del.icio.us

The nation's fourth largest home lender, GMAC Mortgage, stopped thousands of foreclosures across 23 states this week.

GMAC Mortgage is owned by Ally Financial. Critics say the company has been foreclosing on houses without following proper procedures.

» E-Mail This     » Add to Del.icio.us

High 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.

As the dire consequences of [...]

Eighteen luxury townhomes on Baltimore's Inner Harbor were sold at auction Monday night. It wasn't a foreclosure sale or a sell-off to appease creditors.

The auction's goal was to re-set prices in the luxury real estate market. Bids started at $329,000 for townhomes that were listed for more than a million just two months ago.