Apr 19th 2012 12:30PM
By Kerri Panchuk The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, a Brookings Institution report says. A study by Brookings scholar Julia Isaacs said 2.3 million children lost homes during the first wave of... Continue Reading »
Nov 1st 2011 9:00AM
The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services. Sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure filings across the country.... Continue Reading »
Sep 15th 2011 4:00PM
What does it mean that Bank of America and other lenders have restarted their foreclosure engines with a vengeance? Was the 7 percent spike in month-over-month foreclosure filings a retaliatory strike to show the government that the banks mean business and aren't to be messed with? Did lenders use the hapless public to... Continue Reading »
Feb 10th 2011 10:36AM
Bad news: The number of foreclosure actions taken by banks fell in January compared to the year before, according to the researchers at RealtyTrac. Foreclosures fall: bad news. Yes, you read that right. Banks seized fewer homes in January, and that's bad news for everyone. Here's how Rick Sharga, senior vice president... Continue Reading »
Feb 3rd 2011 1:26PM
When we talk about foreclosure central, everyone assumes we are talking the sand states -- Las Vegas, where, in 2010, one out of every nine households received a foreclosure notice, Phoenix, or Florida. Yep, still hot foreclosure areas, but there are others out there that may surprise. These are cities where times may have... Continue Reading »
