Almost a decade after home foreclosures skyrocketed during the financial crisis, they are starting to rise again in some of the country's hottest real estate markets. And loosening lending standards may be among the reasons, according to one expert.
In this July 1967 file photo, a National Guardsman stands at a Detroit intersection during riots in the city. Detroit wasn't the first of the riots in the summer of 1967, and it was far from the last. Foreclosure News
The mortgage holder for the $ 18 million Chateau at Heritage Square senior living community in the Town of Sweden has filed suit to foreclose on the loan. S&T Bank of Indiana, Pa., filed papers in state Supreme Court in Monroe County earlier this month, calling due an outstanding balance of $ 13,986,678 on the…
Wells Fargo will have to answer for property tax losses in Oakland, based on evidence that the bank caused hundreds of foreclosures in the city. Judge Edward Chen said the city had enough evidence to prove a connection between the bank's loan practices, subsequent foreclosures, and lost property taxes. Foreclosure News
The Ohio Housing Finance Agency appears more interested in demolishing homes than saving them, a new federal report says. The state agency, with a mission of preserving and developing low- to moderate-cost housing, also unnecessarily spent $ 204,522 in federal funds since 2010 on items such as employee parking and bus passes and admission and meals at…
Joliet Junior College is one of only six community colleges in the nation to offer an orthotics and prosthetics technology program. After she was injured in the Aug. 13, 2011 stage collapse at the Indiana State Fair, Alisha Brennon said she was told she might never walk again, let alone do simple tasks like laundry…
The future of the housing market is a topic that has been subject to a great deal of debate and can be somewhat confusing. The intention of this post is to dispel some of the myths that have been generated and add some clarity to the discussion. Foreclosure News
