CHESSNOID

There was a good article in the NY Times about Reprieve on Foreclosures caused by the backlog. According to the article there are about 2 million foreclosures nationally and 2 million more in the pipeline. I think that number is conservative.
Due to the large swelling numbers, the average time of the [...]

Has the economy finally picked up so much that foreclosures are down in 2011?  Has unemployment returned back to normal levels?  Are real estate sales hitting record numbers again?  Do we have more buyers than sellers creating huge demand?
If you follow government reports, then you might think maybe the US economy has turned the corner. [...]

The story is a Florida couple was wrongly foreclosed on even thought they paid for their house in cash.  Bank of America has been known to make many foreclosure mistakes and forced this couple to defend themselves in court with an attorney.  BofA lost the case and were told to pay attorney fees which they [...]

Some people are now challenging banks to prove they actually own the mortgage note they are trying to foreclose on. This is a good strategy to stall foreclosures since many banks will have difficulty acquiring the original papers and the chain of command on these debt paper.