Amidst Foreclosures: Another Hotel Closes Down in Hawaii
Friday, April 09
The US economy is on a tailspin what with the Recession claiming jobs. As unemployment reaches its zenith, people are unable to make the mortgage payments. Hence, banks are taking over homes and have reached a record high. The wave of foreclosures, so far, restricted to homes is now taking...
Change is in the Air but it may be too Late for many Foreclosure Victims
Tuesday, April 06
Change is in the air but it may be too late for many foreclosure victims left to die in the cold of last winter. Thus there is not much enthusiasm for the latest plan of Obama team that was recently announced to help the unemployed homeowners and or those who have gone underwater. Since the...
Foreclosure Crisis Will Not Be Solved With The New Policy Lines
Monday, April 05
The foreclosure crisis will not be solved with the new policy lines undertaken by the Obama administration. It is the same story repeated – another bailout has been sneaked in. Those who had behaved recklessly are once more being rewarded while nearly 90% of the responsible borrowers of re...
Foreclosure Threatening Lenny Dykstra
Thursday, April 01
View RSS feed close Foreclosure is threatening Lenny Dysktra now that he has dropped a lawsuit of $100 million against JPMorgan Chase for predatory lending. Chase has come to an understanding with a ba...
Business Entrepreneurs complaining about Increase in Commercial Foreclosures
Wednesday, March 31
Business entrepreneurs are complaining about the rigid stand being taken by lenders as commercial foreclosures increase. Michael Smoody and Bernie Chippoletti have failed to get satisfactory compassionate response from Bank of America. They are desperately trying to cling on to Flamingo Prof...
Majority of those facing Foreclosure want Payments to be Reduced
Tuesday, March 30
The majority of those facing foreclosure just want to have their payments reduced so that they can afford to stay in the houses that are their homes. But those advocating audit of mortgages argues that this can trace errors and violations of the law that would provide the homeowners with a ba...