Rick Sharga News

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More Foreclosures Expected as Housing Crisis Continues

(July 29) -- In the first six months of this year, households in most of the country's largest 200 cities received more foreclosure warnings than in the first half of 2009, The Associated Press reports. High unemployment -- 9.5 percent in June, which doesn't include the millions of Americans who are no longer eligible for...

With More Foreclosures, Housing Market Far From Recovery

(July 15) -- Foreclosures hit a record high in the second quarter, reports The Los Angeles Times today. "U.S. bank repossessions increased 38 percent in the second quarter from the same period a year earlier for a record total of 269,952, according to Irvine research firm RealtyTrac. That was also a jump of 5 percent from...

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RENTEDSPACES.COM

Foreclosures Put 8 Million Children At Risk, Study Says

The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, a Brookings Institution report says.

Rick Sharga News From the Web

05/01/12 REO-to-Rental Idea Should Be Taking Off Source: Asset Securitization Report (ASR) The real estate owned-to-rental niche currently may be "the world's biggest $0 billion industry," as Rick Sharga of Carrington Mortgage Services said at the recent SourceMedia Mortgage Servicing Conference in Dallas, but it should start to grow.
04/19/12 Foreclosures Put 8 Million Children At Risk, Study Says Source: RentedSpaces.com The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, a Brookings Institution report says.
04/13/12 Flood of foreclosures to hit the housing market Source: CNNMoney The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.