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• Apartments In Demand Over Last Quarter

  Michael Ryder, who is a middle-aged information technology business analyst, has claimed to have slept on the floor of his unheated Winston-Salem home in North Carolina before getting evicted last December. Just like several other homeowners, Ryder had felt flush with equity during the housing boom. At that time, he had impulsively taken a $30,000 loan to build a pool ... (read more)

• Bank Of America Asked To Stop Foreclosures

  Planned purchase of Countrywide Financial Corporation by Bank of America (BofA) forced over 90 California community groups to send request letters to BofA seeking the halt of foreclosures. California Reinvestment Coalition drafted the letter asking the bank to devise a plan to help these homeowners retain their homes. This bank acquisition adds 9 Million new customers, most of whom are ... (read more)

• Cleveland County Faces 207 Foreclosures

  Cleveland County faced two hundred and seven foreclosures in a period of a little more than a year. There are eighty six cases in the pre-foreclosure state and numerous people have escaped the nightmare of foreclosure over the same period of time. Among the two hundred and seven homes, there are a hundred and sixty eight which have a value ... (read more)

• North Carolina Faces More Foreclosures Despite Stringent Laws

    Having one of the most stringent mortgage laws has helped North Carolina face the onslaught of this foreclosure crisis. However, foreclosure rates seem on the rise despite new enactments included in these laws to make the already strict measures more binding. This has affected from low and middle income families. Many in trouble are using their credit cards to avoid defaulting. Louise ... (read more)

• Effects Of Foreclosure In Suburbian Charlotte

  The economical state of sub-prime interest rates around Charlotte is on a down slope. As a result rate of mortgage payments are climbing high along with a nationwide reeling under the pressure of foreclosures. Liz Chandler and Ted Mellnik of Charlotte Observer repot a presence of above 50% of neighborhoods with 15 to 51 % foreclosure ratios around the city. Most ... (read more)

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