http://www.foreclosureconnections.com/blog Foreclosure Homes Articles and Information. Latest News About Foreclosed Properties Market Tue, 02 Dec 2008 11:59:27 +0000 http://backend.userland.com/rss092 en The ForeclosureConnections.com, an online service that monitors bank repossession activity, reported that the number of default notices for properties in Hampton Roads has increased by 25 percent in October 2008, a rise of 191 percent from 2007 levels. Default notices indicate the start of the foreclosure proceedings. While homeowners struggled to ... http://www.foreclosureconnections.com/blog/article/752/foreclosure-activity-in-virginia-increased-by-25-percent-in-october Over 100 million households in the United States have been reached by a foreclosure prevention advertising campaign supported by the mortgage industry. The national public service campaign is led by the partnership of Neighborworks America and Ad Council. The campaign drive, which includes television, the Internet, radio and outdoor advertising, was ... http://www.foreclosureconnections.com/blog/article/750/advertising-campaign-for-the-prevention-of-foreclosures-reached-over-100-million-households If you are not pre-occupied with the news of the poor economy, then you must be focusing all your efforts in trying to avoid losing your home to foreclosure. The funny thing is that you need not look far for you can actually earn extra income by converting some parts ... http://www.foreclosureconnections.com/blog/article/704/coping-with-weak-economy-and-avoiding-foreclosure A lot of foreclosure rescue companies seem to be real. But, hey are actually fraudsters pretending to be foreclosure counselors who take away titles from homeowners facing foreclosure. Often, such people request you to sign this and that and make promises that in reality are too good to be true. If ... http://www.foreclosureconnections.com/blog/article/702/beware-of-foreclosure-rescue-scams Real estate forecasts made by industry associations, economists, homebuilders and consultants for the year 2009 point to the same realization: 2009 will still be a bleak year for the home building industry due to continued foreclosures and slow sales of home foreclosures. The North State Building Industry Association and the California ... http://www.foreclosureconnections.com/blog/article/700/bleak-prospects-for-homebuilders-due-to-foreclosures Foreclosure issues are always around the corner. In fact, the growing number of home foreclosures every year makes the lenders/banks end up with multiple properties they are not even interested in. What banks do is resell Real Estate Owned (REO) properties. But the benefits are not ... http://www.foreclosureconnections.com/blog/article/697/some-tips-in-buying-an-reo Banks are now pushing for a proposal that would let off at much as 40 percent of credit card bill! Reason behind is the growing number of home foreclosures, which has been one of the effects of credit card debts. These rectangular plastic cards have played a big role to the ... http://www.foreclosureconnections.com/blog/article/695/avoiding-foreclosure-and-huge-credit-card-bills The Exchange Commission and Security filed fraud charges against the promoters of a real estate investment scheme that operated a fraudulent foreclosure reinstatement scheme. The scheme started in 2005 and got around $18 million in only two years. More than 600 people were caught by the scheme with the promise ... http://www.foreclosureconnections.com/blog/article/188/fraudulent-foreclosure-reinstatement-scheme-discovered-2 According to some of the recent reports, Miami foreclosures have completely overshadowed the South Florida real estate and housing market. As a result of high number of foreclosures in 2008, Miami is ranked second in the country where foreclosures are concerned and Brickell condos have the highest foreclosure rate locally. According ... http://www.foreclosureconnections.com/blog/article/209/foreclosure-rates-higher-in-brickell-condominiums-2 A large number of homes are already part of the foreclosures in Detroit. A considerable number of families are still in uncomfortable financial conditions, and mortgage payments for these families are an added burden. For some families, keeping up with the payments is turning to be impossible ... http://www.foreclosureconnections.com/blog/article/586/pre-foreclosures-in-detroit-an-overview