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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Over the last few years foreclosure and its distressing effects on the human psyche have been blamed for some unfortunate incidents and behaviors by homeowners. From the more recent bulldozing escapade by disgruntled owner Terry Hoskins to more bleak reports of suicide, foreclosures seem to have been pegged at the root of the problem.
The latest foreclosure blame-game report may be a stretch though. A recent opinion column in the Wall Street Journal implicates foreclosure as one of the causes for the recent attempted terror plot in New York City’s Time …

Realtystore.com recently issued a press release for notices of trustee sale (NTS) in Oregon for January 2010. This particular press release was peculiar as Realtystore.com issues very few if any press releases. Adding to the peculiarity was that the press release was for the state of Oregon, which has a relatively low foreclosure rate.
According to the press release, RealtyStore.com reported 1,413 notices of trustee sale for the month of January. This is up 42% from the previous year.
Now that RealtyStore is seemingly willing to partake in the foreclosure …

While perusing through Yahoo! Real Estate one particular property stood out. A 3/2 home on a 5-acre property in Fort Myers, FL for a steal of $100,000. The property was a preforeclosure listed by RealtyTrac.com, but a buyer would have to read the description to see that the home was in fact a Lis Pendens notice and not a typical foreclosure. What stood out front and center in this particular listing was the price, as shown in the image above. This raised a red flag for a couple …

Hitwise recently released its top 20 real estate Web sites report for January showing some interesting new players in the game. Hitwise, an Esperian company, who provides online intelligence and tracking services to websites, issues monthly reports on traffic and visitor information on top industry sites.
The latest report shows some of the usual fluctuations within the major players in the online real estate arena, with one company standing out – RealtyStore.com. According to the report, RealtyStore.com moved up in the rankings from 49 in October, to 35 in …

Ok, not really, but the headlines covering 2009 foreclosures may as well have purported such a figure. CNNMoney.com offered an article titled, “Record 3 million households hit with foreclosure in 2009.” The article written by Les Christie and published on January 14, 2010 seemingly reports three million foreclosures last year or at least that’s what the headline reads.
Let’s hope visitors to the site at least read through the first paragraph which states, “Almost 3 million homeowners received at least one foreclosure filing during 2009.”
Even more so, let’s …

As 2009 comes to a close let us revisit some of the top stories of the year. Undoubtedly the year was awash in news of a depressed economy and a depressed real estate market. However, with the cyclic nature of both these areas, we can only wait and see what developments arise in the coming year, and in the coming decade.
January 2009
Foreclosure Research reports mixed figures on foreclosure filings and REOs for 2008.
According to RealtyTrac there were a total of 3.16 million filings for the year. ForeclosureS.com reported …