Foreclosures are gobbling up exclusive towns – not even the sophisticated exclusive ones like Nantucket, Edgartown and Weston. This shows that the foreclosure debacle in Massachusetts is going further downhill. Today some the richest towns are being bitten by the foreclosure bug. The sky jump in these areas is more than the average of the [...]

The virus is raging across the country. Foreclosures respect nothing – socio-economic barriers, regions, or celebrity status. Like fire it has an insatiable appetite and is truly communistic in its approach – levels high and low into one big gulp. It is a challenge – one of the many mankind has always been facing. Man, [...]

House Democrats are going ahead with a bill, which will offer states $15 billion in grants and loans to buy and revamp deserted homes. The Bush administration has threatened to veto this legislation. The White House’s Office of Management and Budget said that if the bill were to be presented to President George W. Bush, [...]

Foreclosures are proving to be a challenge and in each corner of the country the people and the administration are rising to face it with solutions. Baldi together with Brad Peterson is spearheading operations to prevent people from being thrown out of their houses. They are witnessing the carnage caused by increasing flood of foreclosures. [...]

Four years ago Ellen Scrivens had bought a house. She refinanced her loan contracting an interest-only loan but two months later she lost her job and began to falter in her monthly payments. At the time of refinancing the lender had said that the monthly payment of about $2,000 included taxes and insurance. But in [...]