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 does Notice of default Mean?
A notice to a borrower with property as security under a mortgage or deed of trust that he/she is delinquent in payments. If the delinquency (money owed and late), plus costs of preparing the legal papers for the default, are not paid within a certain time, foreclosure proceedings may be [...]