Repeated Foreclosures Haunting some Homeowners
Monday, March 29
Some of the homeowners are getting trapped by repeated foreclosures. Many borrowers became tempted by lax lending operations during the years of the housing boom. But now they are defaulting on many properties. One of the victims is Brenda Duchemin who prays in front of her shrine to dispe...
Felled by Foreclosure storms Hotels are clipping Costs to Survive
Friday, March 26
Felled by foreclosure storms, hotels are clipping costs to survive. Roberta Nedry of Hospitality Excellence informed that the employees are undertaking multiple tasks. Experienced concierges for instance have been replaced by inexperienced persons for less pay. The administration has become...
Obama says: The Afro-American groups having Failed during the Foreclosure Crisis
Thursday, March 25
Rumblings can be heard within the Afro-American community. They feel Obama has failed them during the time of this foreclosure crisis. They had turned out in record numbers to place on the President’s seat the first Black leader. But today they feel that their specific economic and social...
Foreclosure times Spawning the New Poor
Wednesday, March 24
Foreclosure times are spawning the new poor who are enrolling in for-profit colleges and trade schools. At these institutions the students are trained for various careers like health care, food services, computers etc. The numbers of entrants are swelling as the people worried about bleak...
Borrowers availing of Foreclosure Prevention plan are losing out on Mortgage Aid
Monday, March 22
Nearly 90,000 borrowers availing of foreclosure prevention plan are losing out on mortgage aid. A good number of more borrowers are facing the same trouble according to the Treasury Department. Many of the borrowers who failed to deposit necessary documents to prove their eligibility for th...
The blight of Foreclosures has eluded Specific Clusters of houses in New York
Thursday, March 18
Surrounded by the damages of the housing crisis specific clusters of houses in New York have eluded this blight of foreclosures. It is so distinctive that both liberals and conservatives think that this could be taken as a role model to fashion the future. The residents mostly belong to th...