How the Mortgage Foreclosure Process works Posted By Alice King on September 30, 2008 @ 6:11 am by Avery Wilson The mortgage foreclosure process happens when a homeowner fails to pay his or her mortgage payments and the bank forecloses on the home. A mortgage foreclosure process is not the same as a tax foreclosure process which happens once a year. Mortgage foreclosure is a bigger problem for homeowners who cannot afford to pay their mortgages. Different states have different rules for t

by personal coach David Bohl With the economy in a slump and questions of whether or not we are in a recession, many Americans are worried about their personal financial situations. The good news is that you don’t just have to sit there and take it under the chin allowing the economy to control you. There are steps that you can take and things that you can do to benefit from a bad economy. Invest in foreclosures The housing market has also seen the ill effects of a bad economy. Property valu

Naperville resident Ken Tracy thinks he knows how the country ended up in this financial crisis. Cheap credit tempted too many people to overextend themselves, then the housing bubble burst. • Tell us how you are affected • How they voted: Illinois delegation