Foreclosure Pain Increases with Increases in Business Taxes
Thursday, February 18
The pain for foreclosures has spared none – it is now increasing with increases in business taxes. There are going to be mega tax hikes just at a period of time when the businesses can least bear it. In at least 35 states the firms will have to cough up more towards taxes for unemployment insur...
Pets land up in Animal Shelters in Large Numbers as victims of Foreclosures
Thursday, February 11
Pets land up in animal shelters in large numbers as victims of the foreclosure crisis, which has upset many homes in the entire nation. Due to their owners’ financial mismanagement, thousands of these pets suffer such a sad fate. It is nearly impossible to tell exactly how many of these animals...
Consumer Mood has Changed in Foreclosure Climate
Wednesday, February 10
The foreclosure climate has changed the mood of the consumers with more giving priority to credit card dues before mortgage payments. This is according to a new study conducted by TransUnion of Chicago. This is indicative of the increased financial stress the people are under. Financial pressure...
The Foreclosure Crisis has brought the issue of Reform in the Financial System
Wednesday, February 10
The foreclosure crisis has brought to the forefront the issue of bringing about reform in the financial system. The particular points relate to ownership of hedge funds, private equity funds as well as proprietary trading. By proprietary trading is meant placing the capital of the bank at risk...
Anti-flipping rules waived by FHA while trying to give a Flip to Sales
Tuesday, February 09
FHA has made use of one stone to hit three birds. It has waived anti-flipping rules while trying to give a flip to drooping sales. The Federal Government is trying to help those buyers of homes who had made low down-payments, the investors who take over and refurbished foreclosed units as wel...
Solano County Home Owners are Underwater
Thursday, February 04
The real estate industry in the US is going through turbulent times. Foreclosures are commonplace and the value of homes has plunged across segments and regions. Take for instance, Solano County, where 60 per cent of homeowners are paying mortgages on homes whose values are much less now than wha...