Just recently, California Assemblyman Mike Davis suggested investigating if the California Department of Parks & Recreation could take over Michael Jackson’s Neverland Ranch. Hailed by nearly everyone as the “King of Pop,” Michael Jackson passed away last year and had nearly 2,500 acres of land on his former estate in Santa Barbara County—which could all, read more »

The Neighbors in Need Fund, which was introduced in the latter part of 2008 during the thick of this nation’s recession, provides grants to nonprofit groups and services serving the District of Columbia, Northern Virginia and Montgomery as well as Prince George’s County in Maryland. Among the recipients are food banks, shelters, medical clinics, foreclosure-prevention read more »

According to RealtyTrac, a real estate data company based in California, close to one out of every three home sales, within the first quarter, was a property in foreclosure. There’s no question, the market has pushed the need for more distressed real estate RealtyTrac said in their latest report. Recent data indicates, the total number read more »

The Obama administration has tried, time and again, to introduce new assistance programs, in effort to assist those caught in the tornado of the foreclosure crisis, and unfortunately, not much has helped. Over a third of the Obama administration’s mortgage modification programs’ roughly 1.2 million borrowers, have left the program. The nearly 340,000 homeowners who read more »

Today, banks are scooping up more homes under foreclosure, as the overall number of homeowners behind on paying their mortgages is drastically dropping. According to an online marketer of foreclosed properties, RealtyTrac, the total of bank repossessions reached a record monthly high in the month of May. Lenders, it seems, took over nearly 93,777 properties—a read more »

In an effort to improve the system of maintaining and selling its inventory of homes under foreclosure, the Department of Housing and Urban Development (HUD), has recently dished out 55 new contracts, 23 of which are to companies serving as asset managers. The other 32 will act as field service managers. These changes fall under read more »