foreclosure

Kamala D. Harris took a hard line in negotiations with banks, but faced increasing pressure from the White House to reach a deal.

Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of last year, sold for an average 34 percent less than homes that were not ‘distressed sales,’ new data show.

People bought overvalued- by the banks- properties and are now “owning” a piece of real estate that is worth less than the loan.

They have two option: either a short sale and they can walk away with nothing or, if they don’t want to let go of their properties, they can face the slow and painful process of foreclosure.

If the U.S. foreclosure crisis were a baseball game, we’d probably be in the bottom of the fourth inning.

The U.S. foreclosure rate has climbed to its highest level in seven months, suggesting that lenders are moving beyond a "robo-signing" scandal that had temporarily slowed bank takeovers, according to a private firm that tracks the activity.

More U.S. homes are entering the foreclosure process, but they're taking ever longer to get sold or repossessed by lenders.

Oh, Bank of America... will you never cease to amuse/amaze/horrify us? Yet another computer glitch from this year's Worst Company in America runner-up had one Massachusetts homeowner scratching his head when he received a foreclosure notice from BofA warning him that his property would end up in foreclosure if he didn't immediately pay the amount of $0.00.

The French developer of a cash-strapped Idaho ski resort has been found in contempt of court for missing yet another hearing on the resort's foreclosure.

Programs already plagued by delays and poor participation were not designed to fully address unemployment, now the primary cause of foreclosures.

Even though 6.5 million homes already have been lost to foreclosure since 2006, the crisis is far from over.

Another 4.3 million homeowners are seriously behind on their payments.