Wednesday, June 24, 2009

Not Paying the Mortgage, Yet Stuck With the Keys - Washington Post

A growing number of American homeowners are falling into financial limbo: They're badly behind on payments, but their banks have not yet foreclosed. The backlog of seriously delinquent mortgages, which so far affects about 1 million borrowers, is a ..., more 
and $80 million Esplanade project faces foreclosure - Tacoma News Tribune  An $80 million Tacoma waterfront condominium project, caught in the financial whirlpools of the recession, faces foreclosure by late August unless the developer can find new sources of funding. The Esplanade, a nine-story condominium on the west side ..., more 
and Housing recovery still tenuous - Coloradoan  While a national home sales report shows signs that previously occupied home sales increased slightly from April to May, a recovery of the housing sector is still tenuous. The National Association of Realtors reported Tuesday that home sales rose 2.4 ..., more 

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