A few months ago, while performing some web searches on Google for ‘Foreclosure related’ keywords, I found some interesting things.
I found Reply.com advertisements all over the place. Reply.com now has foreclosures? Further investigation showed that they apparently have found a little loophole in Google’s double ad showing policy.
Google Adwords prevents individual companies from having multiple ads appear at the same time for the same keywords. This is called ‘double ad serving.’ This halts companies with deep pockets from buying up all the ad space for their niches. Makes …

So Much for the Lone-wolf Terrorist Driven by Foreclosure http://bit.ly/aD97jD #
Organization helping homeless squat in foreclosed homes: http://bit.ly/c7Uk8X #
FL and CA make up 5 of 13 housing markets that 'will never recover according to biz insider: http://bit.ly/aj1Cks #
POLL: U.S. consumers are less interested in buying a foreclosed home than they were a year ago http://bit.ly/bWTzqJ #

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In her recent trial Patricia Morgen admitted to bilking more than 400 investors out of millions of dollars with faulty real estate investment promises. Morgen was sentenced to 15 years in prison.
The Madoffess Morgen is set to pay $9 million in restitution to her victims. However, whether or not that kind of money is still available remains a question.
Morgen was allegedly running a Ponzi scheme, promising investors large profits from real estate investments in the Reno, Nevada area while actually paying previous investors and skimming for herself. …

Here is a brief synopsis on the latest foreclosure news to hit the press.
Washington Post: In an attempted to curb Maryland foreclosure rates, state legislation passed a program giving the homeowners a legal right to mediate with their lenders. Under the mediation program the lender is required to send a loan modification application to the defaulter.
Reuters: According to a recent poll, “U.S. consumers are less interested in buying a foreclosed home than they were a year ago.” Reporter Lynn Adler suggests this could lead to an increased backlog of foreclosed …

New blog post: Jumping Ship- How homeowners are walking away http://bit.ly/bUWfSb
New blog post: Man Locks Himself in Foreclosed Home, Arrested http://foreclosureresearch.com/2010/05/locked-in-foreclosure
'Strategic defaulter' says it's the 'in-thing' to walk away from your mortgage. http://bit.ly/bAL3mM #
New magazine re-design of our site. Check it out: http://foreclosureresearch.com/ #
TAKE OUR POLL! Is voluntary foreclosure (or walking away) ok? http://bit.ly/bbmz5F #
New blog post: Poll: Are Non-hardship Strategic Defaults OK? http://bit.ly/bCh9cu
9:18 AM May 12th via Twitter Tools
New blog post: Foreclosure Movie

Locked in Foreclosure
Keith Sadler of Stony Ridge, Ohio barricaded himself and six others within his residence early last week in protest of his recent foreclosure. Days prior his home of twelve years had been taken back by the bank at auction.
Sadler and a group of friends and family members hunkered down for five nights in the foreclosed home but on the sixth morning were met by a police stand-off. Two hours later all seven were arrested and charged with obstruction of justice and trespassing. …

This week’s article, “Jumping Ship: How homeowners are walking away,” explored a disconcerting trend of homeowners “strategically defaulting” on their loans, despite having the ability and the means to remain current. The main reason of this voluntary foreclosure seems to be attributed to an “underwater” mortgage, or a home with a value lower than the amount of the note. Certain moral and ethical alarms sound off when considering this new option, which prompted the creation of a poll. Voice your opinion below.

If you didn’t think foreclosures could get any scarier, think again. A new horror-thriller movie is in the works titled, “Foreclosure” with the tagline: Ghosts don’t move out. Producer and director Richard Ledes is set to start shooting in Queens, NY this week.
The lead role stars Michael Imperioli of HBO’s hit series “Sopranos.”
According to the Web site, “Foreclosure is the story of a broken family striving to stay together while a curse and the ghosts of a haunted house try to tear them apart.”
Richard Ledes, an award-winning …

According to a recent 60 Minutes episode an increasing amount of homeowners are ‘walking away’ from their homes and are headed down foreclosure alley- willingly. Apart from the more traditional foreclosure woes spurred by job loss, or illness these homeowners would rather foreclose due to underwater mortgages despite their ability to make payments.
In a separate Reuters article, underwater mortgages have increased from 21.4 percent in Q4 2009 to 23.3 percent in Q1 2010. In areas hard hit by foreclosure underwater homes account for more than 50% of all loans.
Interviewer Morley …

Terror suspect Faisal Shahzad facing foreclosure on CT home. http://www.msnbc.msn.com/id/36934331/ns/us_news-security/ #
WSJ columnist implicates foreclosure as cause for terror suspects plot. http://bit.ly/bDShpX Really? #
They have capped one of the three oil leaks in the gulf. Hooray! #
Ohio man locks himself inside house to stave off foreclosure http://bit.ly/aACwZB #
Ohio man who locked himself in his foreclosed house did not last long before the SWAT team busted him and his cronies out at 3:45am. #
New movie coming out called 'Foreclosure' staring Soprano's Michael Imperioli and surprise.. it's a horror movie. http://bit.ly/c5nVO0 #

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