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Foreclosure

California Foreclosures Rebound After Impact of SB 1137

ForeclosureRadar, an online company that tracks California foreclosures and provides daily auction updates, issued its California Foreclosure Report for November 2008 today. Despite the clear impact that California State Senate Bill 1137 had on stemming foreclosure activity in September and October, November saw significant increases across all stages of the foreclosure process, the company said.

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NJ Company Expands Search to Accommodate Increasing Foreclosure Records

Bergenfield, New Jersey-based NJLispendens recently announced enhanced search options to its Web site for pre-foreclosure court filings. NJLispendens offers legal insider information that is updated daily, allowing for real estate investors, lenders, and Realtors to locate recently filed foreclosure actions as they are recorded in the courts and pinpoint homeowners in default who need their help to avoid foreclosure.

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New Report Says Foreclosures Could Top 8M by 2012

An estimated 8.1 million homes in the United States, or 16 percent of all outstanding mortgages, will be foreclosed over the next four years, according to a recent research and analytics report issued by the 152-year old financial institution Credit Suisse.

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Roost and First American to Offer National Foreclosure Listings to Investors

San Francisco-based Roost Inc. – a national real estate property search engine – announced yesterday that it has partnered with First American CoreLogic – a First American Corporation company and a provider of advanced property and ownership information, analytics and services – to add foreclosure listings from First American CoreLogic to Roost.

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New Jersey Governor Joins Push for National Foreclosure Relief

New Jersey Governor Jon S. Corzine is calling for federal assistance to homeowners struggling to make their mortgage payments and facing the threat of foreclosure. Corzine said that a federal program needs to be implemented to address the housing crisis or the government risks driving the nation even deeper into recession.

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