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  2. How to stop foreclosure - AOL

    www.aol.com/finance/stop-foreclosure-220538027.html

    8. Refinance with a hard money loan. You won’t like the high interest rates and fees of a hard money loan — one from a private lender, often an individual — but it might buy you some time to ...

  3. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...

  4. 2010 United States foreclosure crisis - Wikipedia

    en.wikipedia.org/wiki/2010_United_States...

    The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...

  5. Econohomes - Wikipedia

    en.wikipedia.org/wiki/Econohomes

    Jeff Ball. Econohomes is a privately held company based in Austin, Texas, specializing in foreclosures. It's known as real estate owned properties (REO), and specialty financing across the United States. [1][2] The company buys distressed residential properties wholesale and resells them online at prices under $100,000.

  6. 2000s United States housing market correction - Wikipedia

    en.wikipedia.org/wiki/2000s_United_States...

    Timeline. v. t. e. United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006. Prices of real estate then adjusted downwards in late 2006, causing a loss of market liquidity and subprime defaults. [ 1] A real estate bubble is a type of economic bubble that occurs periodically in local ...

  7. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    He concluded that the extent of equity in the home was the key factor in foreclosure, rather than the type of loan, credit worthiness of the borrower, or ability to pay. [77] Increasing foreclosure rates increases the inventory of houses offered for sale. The number of new homes sold in 2007 was 26.4% less than in the preceding year.

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