Foreclosure Crisis is Pulling Back One Curtain After Another
Tuesday, May 04
The foreclosure crisis has laid bare many skeletons in the cupboard and one by one curtains are being pulled back. The latest in the eye of the storm is the issue about banking ethics. The senators in Washington during the hearing on Goldman Sachs asked the bankers what made them...
In the Aftermath of the Foreclosure Crisis the Real Estate is a Buyer’s Market
Monday, May 03
In the aftermath of the foreclosure crisis the real estate is a buyer’s market. You might be ready to sell your house but so too are your near and far neighbours in the locality. That means you will have to put in more efforts. The economy right in now is such that there are mo...
Foreclosures High; Crisis Creates Many Controversies
Friday, April 30
The US economy is in the grip of a recession. Unemployment is at the peak of 10%. As people lost jobs, even those with sound credit history are faltering on mortgage payments. Hence, foreclosures have become common. The mortgage crisis has indeed spawned many controversies. The county h...
As Foreclosures Continue and Unemployment Persists More Banks are Failing
Thursday, April 29
As foreclosures continue and unemployment persists more banks are failing. FDIC has downed shutters on four other banks – making the total of shut down to 54 bank failures in 2010. Three banks have been taken over by the Federal Deposit Insurance Corporation in Chicago – New Century B...
Tenants Victimized by the Foreclosure of Landlords are Seeking Court Action
Wednesday, April 28
Tenants victimized by the foreclosure of landlords are not willing to be patient anymore – they are seeking court action. The tenants of The Bronx have sent a clear message to the bank that since the latter now owns it they should immediately take up repairs. The Department of Housing P...
Modification of House Loans Prevents Foreclosures Without Harming Credit Scores
Tuesday, April 27
The distressed homeowners are trying to have their loans modified. Modification of house loans prevents foreclosures without harming the credit scores. Many are opting for short sale under the guidelines of HAMP plan of the Obama government. A recent study probing into 400,000 ...