Foreclosures

Housing Crisis Likely to Drag Down Credit Scores E-mail
Facing Foreclosure
Written by Gail Marks Jarvis   

For countless Americans struggling to make their mortgage payments, the problems have just begun.

Although a loan modification or foreclosure might allow them to put their housing problems behind them, millions will be dogged for years by the aftermath — a credit score so tarnished by the housing debacle that lenders will want to avoid them. And if they are able to obtain loans, high interest rates are likely to strain their budgets.

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Foreclosure looming? Here's how to avoid it E-mail
Facing Foreclosure
Written by Greg Dawson, Orlando Sentinel   

Road sign saying 'Foreclosure: Next Exit.'The foreclosure clock is ticking for Patricia Jennings. She has missed three months of mortgage payments on her Pontiac, Mich., home. She owes $1,800, but she has been out of work since November.

So she put up a For Sale By Owner sign on her home. And recently, Jennings tried to get more answers on the foreclosure process during a seminar run by the Detroit branch of the Federal Reserve Bank of Chicago and others.
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Finding a measure of foreclosure E-mail
Information on Foreclosures
Written by Mary Umberger, Chicago Tribune   

For Sale: Foreclosure signForeclosures are in vogue.

Yecch. What a thing to say.

But it's true, in one sense: For every disappointed, aching homeowner in default on his mortgage, there seem to be plenty of folks thinking this is their moment to "get into foreclosures," as they seem to be fond of phrasing it.

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How foreclosures may strain the rental market E-mail
Information on Foreclosures
Written by Joshua Sandoval, Los Angeles Times   

For Rent sign in front of a blue house.With more homes going into foreclosure, many people are entering or reentering the rental market. We spoke with Nicolas P. Retsinas, director of the Joint Center for Housing Studies at Harvard University, about the effect this will have. Retsinas is editor of the forthcoming book "Revisiting Rental Housing: Policies, Programs, and Priorities."

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