A 49-unit Evanston condominium building has been placed in receivership while a Northbrook bank forecloses on the unsold units to recoup $13.5 million in loans.

via Foreclosures filed against Grand Bend condos :: News :: PIONEER PRESS :: Evanston Review .

AUSTIN – Homeowners in default on their mortgages would get extra time to iron out their finances before their house is put up for sale under a bill the House approved Friday.

via House votes reprieve for homeowners in default  Dallas Morning News

“In an attempt to reduce the number of people who lose their homes because of mortgage foreclosure”

via O-R Online.