In the foreclosure crisis, it bears mentioning that it takes “two to tango.” Homeowners and lenders worked together to reap the benefits of the low mortgage rates and easy cash conditions, and now they are forced to function together to stop rising defaults from decimating the actual estate market. But in this case there may possibly be dozens or hundreds of other parties involved in the dance, as well, as ownership of delinquent mortgages have been referred to as into question. Read More >

When a bank initiates a foreclosure lawsuit or begins the nonjudicial process of notification, homeowners generally find themselves swamped by an avalanche of postcards and letters providing support. One of the most widespread sort of help provide comes from companies willing to buy the property for cheap after which sell it speedily or lease it back to the owners. Read More >

One of the consequences of building a business enterprise model on the assumption of perpetually rising housing prices is that, when those values stop rising and actually begin falling, it might be increasingly complicated to stay in operations at the previous bubble level. Local governments are discovering this out the difficult way, as they struggle to create revenue through property taxes in the midst of high foreclosure rates. Read More >