A lifeline is on the way for thousands of Americans in danger of losing their homes. The President signed off on a giant rescue plan that will help the housing market in its worst slump since the depression. Sean and Maggie Carolan look like a mortgage broker’s dream.- perfect credit, good incomes, low debt, but [...]

Many U.S. cities where home values have taken a double-digit drop have seen their sales rise by a similar measure as foreclosed homes — usually a sign of market distress — are sold off at a discount, paving the way for a recovery.
Many homes in such regions were seized by banks and are, in industry [...]

Matching a statewide trend, more Santa Clara County homeowners fell behind on their mortgage payments in the second quarter of this year than during any quarter on record, a real estate information company reported today.
Mortgage lenders sent 3,751 “notices of default” to homeowners in the county in the April-to-June period, according to DataQuick Information Systems. [...]

“Are you gonna pay for you food, fuel or mortgage?” asks Hampden County Register of Deeds Donald Ashe.
That’s the question plaguing homeowners across Hampden County. In the past 12 months 1,027 foreclosures were filed, the most in the county’s almost 200 year history. But Ashe says rising fuel and food costs aren’t entirely to blame. [...]

The highest rates of foreclosures in metropolitan Phoenix have moved from the farthest flung suburbs to neighborhoods closer into the area, particularly some in south, west and central Phoenix.
That’s according to an Arizona newspaper’s analysis of real-estate data from the Information Market.
When foreclosures started to climb last summer, the highest rates of home defaults were [...]

The real estate market in the Beaver County region is far from stellar, but things here could be worse as the nation struggles with the worst housing slump since the Great Depression.
While home sales are down, prices are up in Beaver and western Allegheny counties for the first half of the year over the same [...]

IndyMac, the Southern California bank that ran out of money and became one of the biggest banks to collapse in U.S. history, has foreclosed on several homes in Watsonville.
Out of 22 homes that were forced into foreclosure in Watsonville in June, three were handled by IndyMac, according to foreclosure listings by home sales recording agency [...]

Default Research, the premier provider of Seattle foreclosure data, is reporting that King, Pierce and Snohomish counties saw Notice of Trustee Sales increase to 3,379 in the second quarter of 2008, up from 2,743 in the first quarter. The three hardest hit cities in the region were Tacoma (464), Seattle (412), and Puyallap (191).
“There are [...]

Sprouting up like weeds across the country, foreclosures show no signs of abating but offer buyers the chance to purchase homes at affordable prices. Banks are selling their foreclosed properties at auction at tremendous discounts to avoid losing more money on these loans.
Hudson & Marshall, America’s leading foreclosure auction firm, will auction over 200 bank-owned [...]

The number of homeowners forced to give up their homes jumped last month as foreclosure filings increased by more than 50 percent compared with June of last year.
One in every 501 U.S. households either lost the home to foreclosure, received at least one foreclosure-related notice or was warned of a pending auction. Bank seizures rose [...]