Minnesota officials are eyeing the possibility of providing assistance to distress homeowners facing home foreclosures. Three bills, which are eyed to provide relief to homeowners, are already being reviewed. One bill would require Minnesota lenders to contact a foreclosure counselor approved by the state so that the latter can provide assistance to the concerned homeowner.

Another bill seeks to strike out evictions related to foreclosure from their record to avoid bad history which would make it difficult for them to rent another abode. The third bill would legally shorten foreclosure sale transactions from six to five weeks to avoid the piling up of abandoned properties.

The three bills are deemed practical and…

American citizens are saying no to foreclosures by launching a civil disobedience program to support homeowners to refuse to leave their homes after it has been foreclosed. This strategy may catch media attention but it has also proved detrimental to the participants considering that they also face arrest for defying the courts. This was the sad fate of Louis Beverly, a member of the Association of Community Organizations for Reform Now or ACORN after he broke into a southeast Baltimore home last Thursday to protest the rising number of foreclosures.

Baltimore Police spokesman Anthony Guglielmi said Beverly will be charged with fourth-degree burglary. Donna Hanks, owner of the said home since…

There was a time when Inland Empire in Riverside County was a picture of economic growth and a major housing boom. But that was before the United States’ housing industry skidded and ultimately went down on its knees. Today, the county can very well act as a poster child for the severity of the country’s foreclosure crisis. While the past years saw a bustling activity in the new housing developments they are now vying for which site has the most number of vacant homes.

A lot of the houses here are either undergoing a short sale or undergoing auction proceedings. Trash-out companies, or those that take charge of removing whatever is…

Government plans to allot $2 billion from to the economic stimulus package to prevent home foreclosures has been welcomed with criticism by some sectors who believe it will all be for naught. Under the Neighborhood Stabilization Program passed last year to rescue the country’s housing industry, an estimated $4 billion has already been granted to all 50 states.

However, critics believe the program lacks money and planning. Ohio’s Livingston Avenue Area Commission president Mike Aaron said they are a month away from the funds and yet they still don’t know which houses are going to be involved in the program.

A total of $258 million has been earmarked for Ohio but the…

Prices evidently slid down with the series of foreclosures affecting the housing market. The result? More bargains that have not been imaginable years back.

Vacation homes with amenities such as swimming pools and state-of-the-art kitchen are among those foreclosed and popular among buyers of second homes. With the aid of online resources, breezing through foreclosed properties is not as insurmountable task as it would have been years back. This is even made easier by banks that approach their target markets thus making it more familiar for people to get familiar with the processes of obtaining properties through these financial institutions. Real estate agents too are more upbeat in approaching the crisis.

Per…