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 ...
Foreclosures Cannot be Avoided Unless Loans are Reduced
Monday, April 26
The watchdog opines that foreclosure cannot be avoided unless loans are reduced and for this White House should enforce pressure on the lenders and not leave it to voluntary cooperation. The watchdog is monitoring the bailout of the banks involving $7000 billion. Towards the end of last March...
Helpless Elders are Being Exposed to Foreclosure Evictions
Thursday, April 22
With more and more owners of elder-care homes defaulting the occupants – the helpless elders are being exposed to foreclosure evictions. A loophole in the law is being taken advantage of by the owners who are also the managers of these homes. Anthony Chicotel a lawyer with California Advo...
Is the Foreclosure Crisis Pushing America Headlong Towards Socialism?
Tuesday, April 20
In answer to the question as to whether the foreclosure crisis is pushing America headlong towards socialism many pundits are replying in the affirmative. But it is a different kind of socialism. To know the difference a brief has to be mentioned about what classical socialism is. Accor...
Treasury’s Foreclosure Prevention Plans Yet to Take Off in Earnest
Monday, April 19
The watchdog set up by the Congress reported that the Treasury is still battling to get its programmes for foreclosure prevention take off in earnest. This report released by the Congressional Oversight Panel to oversee the spending of bailout funds came at a time when the Treasury is poised...
Senate Takes Steps to Prevent Another Foreclosure Crisis – But Will it Succeed?
Thursday, April 15
The Senate is taking steps to prevent another foreclosure crisis – but the moot question is that will it succeed? Who brought about the Great Recession? A motley group comprising of naïve borrowers, carnivorous lenders, sleepy regulators, a unchained parallel banking system and managers ...