New legislation helps those in foreclosure (Daily Herald)
Lose your house to foreclosure and it used to be you could expect a big tax bill to add to your woes. With the newly enacted Mortgage Forgiveness Debt Relief Act of 2007, that sometimes-shocking tax hit is easier to avoid.
Source: www.dailyherald.com

Lynn foreclosure rate is ‘startling’ (The Daily Item)
LYNN -mOver the past 12 months, the rate of foreclosure increased in 282 of the state’s 351 towns and cities. Seventy-four of those communities experienced an increase of at least 75 percent in filings, while the rate in Lynn soared even higher to 83.3 percent, according to Jeremy Shapiro, co-founder of ForeclosuresMass.com , a business that tracts foreclosure filings statewide.
Source: www.itemlive.com

Foreclosure Notice Filed For Mitchell-Ford's Home (The Memphis Daily News)
Tamara Mitchell-Ford's River Oaks home is facing foreclosure for the second time in less than a year. A first-run foreclosure notice has been filed fo….
Source: www.memphisdailynews.com

Bank starts foreclosure on River Knoll property in Eden Prairie (BizJournals)
Anchor Bancorp. Inc. has begun the foreclosure process on a 25,000-square-foot building owned by Jeff Schoenwetter, principal of JMS Cos. of Eden Prairie, according to Hennepin County notices.
Source: www.bizjournals.com

Questions, criticisms surround Connolly foreclosure proposal (The Washington Examiner)
Fairfax County Chairman Gerry Connolly's proposal to use county housing funding to buy foreclosed homes and sell them at a lower cost is beginning to draw criticism from both sides of the political aisle.
Source: www.examiner.com

Seminars aim at homeowners facing foreclosure (The Santa Rosa Press Democrat)
NORTH BAY North Bay lenders, Realtors and nonprofits are stepping up efforts to prevent foreclosures by educating troubled homeowners on alternative options.
Source: www1.pressdemocrat.com

Foreclosure Bus Tours Come to Metro Detroit (FOX 2 News Detroit)
A novel idea that started in California has motored all the way to the Motor City. Riders get on a limo bus and ride around with a real estate agent, looking at foreclosures. FOX 2's Jason Carr has more from the Foreclosure Bus, which stopped Sunday in the Hungtinton Woods area.
Source: www.myfoxdetroit.com

Tags: foreclosure, home equity loan

Lose your house to foreclosure and it used to be you could expect a big tax bill to add to your woes. With the newly enacted Mortgage Forgiveness Debt Relief Act of 2007, that sometimes-shocking tax hit is easier to avoid. more…

Tamara Mitchell-Ford's River Oaks home is facing foreclosure for the second time in less than a year. A first-run foreclosure notice has been filed fo…. more…

Fairfax County Chairman Gerry Connolly's proposal to use county housing funding to buy foreclosed homes and sell them at a lower cost is beginning to draw criticism from both sides of the political aisle. more…

LYNN -mOver the past 12 months, the rate of foreclosure increased in 282 of the state’s 351 towns and cities. Seventy-four of those communities experienced an increase of at least 75 percent in filings, while the rate in Lynn soared even higher to 83.3 percent, according to Jeremy Shapiro, co-founder of ForeclosuresMass.com , a business that tracts foreclosure filings statewide. more…

Anchor Bancorp. Inc. has begun the foreclosure process on a 25,000-square-foot building owned by Jeff Schoenwetter, principal of JMS Cos. of Eden Prairie, according to Hennepin County notices. more…

Tags: home equity loan, foreclosure