Foreclosures News

The latest news in the foreclosure world.

Foreclosures Mean Crises for H.I.V. Positive Renters (New York Times)
At least 50 H.I.V.-positive renters have complained to city housing organizations in the past months of being forced out or threatened with eviction because of foreclosures.

I-Team: New Wave of Foreclosures May Hit Las Vegas (KLAS Las Vegas)
Home prices may be off nearly 30-percent in Las Vegas, prompting many to predict the worst of the housing crisis may be over. But some Realtors know another round of foreclosures may happen in the next few months, flooding the valley with vacant homes.

HIV-positive renters in New York City leaving homes because of foreclosures, New York Times reports (News-Medical-Net)
At least 50 HIV-positive renters in New York City have notified city housing organizations in the past few months that they had to leave their homes or have been evicted because of foreclosures and that they are having difficulty finding new homes, the New York Times reports.

Foreclosures May Distort Housing Data (Hartford Courant)
As if the housing market wasn't scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market's health.

Unlocking your home equity (CNN Money)
The housing rescue package that Congress scrambled to pass in July was aimed primarily at stemming foreclosures and shoring up Fannie Mae and Freddie Mac. But it also contains provisions that make reverse mortgages a better deal for older homeowners who want to turn their equity into cash.

Florida foreclosures crushing property values (Sun Newspapers)
Florida is still the No. 2 state in the nation, behind only California, for the number of foreclosures. And the Sunshine State's undesirable national ranking is not about to improve anytime soon.

Jail, foreclosures occupy Richland sheriff (Mansfield News Journal)
MANSFIELD -- Radios, Tasers, ping pong tables and inmate uniforms were all on the $93,650 list of needs the sheriff's department presented to commissioners Tuesday.

Evictions hold steady as foreclosures mount (St. Clair County Journal)
Sheriff's deputies are averaging a home eviction a day in Madison County, highlighting the continued fallout of the nation's ailing mortgage and credit industries.

Foreclosures ensnare low-income renters (Los Angeles Times)
Tenants subsidized by federal funds are finding themselves out of a home when the landlord defaults. Photos Ruth Cordoba has never owned a home, but she is feeling the effects of the mortgage meltdown acutely.

Official seeks foreclosure moratorium (UPI)
SAN DIEGO, Aug. 26 (UPI) -- San Diego City Attorney Mike Aguirre will ask the City Council to declare a moratorium on home foreclosures, he told Legal Newsline on Tuesday.