California Foreclosures in 2008 broke the previous record it set in 2007. There were close to a quarter-million properties that foreclosed in 2008 as stated in a report from ForeclosreRadar released on Tuesday.
A step before foreclosure is filing a “Notice of Default.” This consists of documents that lenders send to the homeowner that [...]

Home foreclosure relief Included in a bill to be introduced by Rep. Barney Frank set stricter standards for the Treasury Department’s Troubled Asset Relief Program (TARP)
The Bill Would:
* require quarterly disclosures by TARP recipients about their use of federal money.
* condition the release of the final $350 billion in TARP funding on the use of [...]

What is a Foreclosure?
A foreclosure is the system by which a party who has loaned money secured by a mortgage or deed of trust on real property (or has an unpaid judgment), requires sale of the real property to recover the money due, unpaid interest, plus the costs of foreclosure, when the debtor fails to [...]