Category: Foreclosure Issues

Foreclosures in the U.S. Fall to Decade-Low

Recent findings by RealtyTrac show that foreclosure activity across the country has dropped to its lowest point in a decade. This includes auctions, repossession of homes and notices delivered. As reported by Reuters, approximately 597,589 properties were at some point in the foreclosure proceedings during this year. That is 3 percent lower than the same […]

Wrongful Foreclosure FAQ

If you believe that your home was foreclosed illegally, you can file a wrongful foreclosure civil action. There are many reasons why you may feel that your home was taken away through an act of fraud. There are many unscrupulous lenders, predatory foreclosure mediators, and foreclosure processing errors that have affected families in Orange County […]

How Do You Talk about Foreclosure with Children?

There are few life events as potentially traumatic as foreclosure. It is important to discuss foreclosure with your family so that your children are not left confused and scared about what is happening. Even if your children are not quite old enough to fully understand, it can still help to open a dialogue. Children can […]

Study Shows Minorities are Most Affected by Foreclosures

A recent study confirms that minority homeowners, particularly those with limited English skills, are hit the hardest when dealing with foreclosure. According to the findings of the study that was commissioned by the California Reinvestment Coalition, loan servicers from Wells Fargo and Bank of America are doing a “poor job” of preserving homeownership. The report […]

Frequently Asked Questions about Foreclosure

When a homeowner can no longer make payments, the lender will have to decide what actions to take to recover the balance of the loan. When a deal cannot be met and the homeowner has no way to catch up on late payments, the lender may begin the foreclosure process. During the foreclosure, the homeowner […]

Southern California Foreclosure Rates Ease Up

The number of foreclosures in Southern California continues to decrease. According to CoreLogic, an Irvine-based data firm, the share of homeowners in foreclosure as well as those who are 90 days or more behind on payments has shrank to a three-year low in Orange County. In fact, foreclosure rates in Orange County have dropped by […]