Foreclosures are Impacting on Valuations
Monday, June 28
For those living close to foreclosed houses it is a nightmare. For those who have bought foreclosed houses it is also a nightmare. Sanjeev Rathore is one of the purchasers. He complains that his home in the suburbs of Omaha that he had bought from a bank during a foreclosure sale in 2009 Octobe...
Getting Mortgage Loans Have Become More Difficult
Wednesday, June 23
Three years has passed since the bursting of the housing bubble leaving all the parties concerned confused. The buyers and sellers are in a state of bewilderment as to what should be the best tactical line of action. The mortgage interest is low but soon it may start to increase. The price of ho...
Surfeit of Foreclosed Houses is Spelling Pain for the Administration
Wednesday, June 16
Thousands and thousands of houses have been either foreclosed or repossessed by the banks. Some are vacant while others have been boarded and sealed. Squatters abound, crime flourishes and yards have become jungles. Entire localities are cursed by the blight of bank foreclosures. This has spelt ...
Despite Decrease in Number of Jobless the Foreclosure Numbers Have Increased
Monday, June 07
Despite decrease in number of jobless the foreclosure numbers have increased according to Hardship Index. This is a year for elections. The lifeline of the party holding the reins ultimately depends on the economic health of the nation – at least that is the traditional wisdom. Within another ...
Record Breaking Quarter of Foreclosure Related Troubles
Tuesday, May 25
The first quarter of this year has seen records being broken as regards related troubles. It indicates that the crisis continues to rage and the end is not in sight. Over 10% of the residential home owners had failed to make a minimum of one payment towards mortgage during the first quarter o...
Owner of Club Accused of Lying to Ward Off Foreclosure
Monday, May 17
River Vale Country Club is in trouble. Its largest creditor has pointed an accusing figure at Kwang Ho Keh, the major owner of the club for fraud and for resorting to “blatant lies” before bankruptcy court in his efforts to ward off foreclosure. The creditors contend that two mortgag...