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 …
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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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 …
