Sunday, May 31, 2009

Foreclosure crisis into new stage - WANE-TV

CLEVELAND (AP) - Increasing joblessness has fueled a new stage in the foreclosure crisis in northeast Ohio and around the country. Unemployment has caused more and more homeowners to default on traditional, fixed-rate loans. Before, the foreclosure ..., more 
and Renters caught in foreclosure mess - San Francisco Gate  A: Unfortunately, renters are often innocent victims of the mortgage foreclosure crisis. Despite laws requiring otherwise, owners facing foreclosure are not likely to maintain rental properties and often use the tenant's security deposit on mortgage ..., more 
and Could slowing business, foreclosure bring twilight to the Sun Belt? - Texarkana Gazette  ORLANDO, Fla.—We first heard the term decades ago: The “Sun Belt” was just starting a run of phenomenal growth—and no wonder. It conjured a sunny state of mind as well as a balmy place on the map. Everybody, it seemed, wanted a spot in the ..., more 

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