Real Estate Market Threatened With New Wave of Foreclosures
Wednesday, March 17
The real estate market is threatened with new wave of foreclosures as the number of defaulting homeowners increases. It will hit just at a time when the market is beginning to find its level. Nearly 5 million or 7 million houses are poised to be foreclosed upon. These have not till now b...
Foreclosure Clouds have not Managed to take away the Shine from House Ownership
Monday, March 15
Despite millions losing out to foreclosure the idea of owning a house still remains rooted in the American psyche. In the long run the positive points outweigh the negative ones. Housing expert and authority Robert Shiller refers to it as the church of home-ownership. The pride and satisfac...
Foreclosures Posing a Challenge for Census
Friday, March 12
The Census of 2010 is presented with a challenge that is unprecedented. People have to be counted as per their place of residence but the economy has been uprooting them by the thousands on a gigantic scale. Census count is done once in a decade. The Census Bureau admits that foreclosures have...
W. Buffet has an answer for Fat Banks that precipitated this Foreclosure Crisis
Thursday, March 11
Warren Buffet the chairperson of Berkshire Hathaway has a smart answer to the tricky problem of the too fat banks that precipitated the foreclosure crisis. He hit out at the devastation brought about by the gluttonous big shots of the finance world who till date remain unaccountable for what they...
HUD analyses the Prime Reasons for the Foreclosure Mayhem
Wednesday, March 10
HUD recently submitted an analysis of the prime reasons for the foreclosure mayhem – as ordered by the Housing and Economic Recovery Act of 2008. It also gave remedial suggestions that could to taken to tide over the crisis and also to prevent future similar repeats. The report stated that it ...
Bank Foreclosure Process
Tuesday, March 09
After 3-4 warnings, the bank sends an official notice to the payment defaulter and gives reinstatement period to the borrower for paying the due debts. After the reinstatement period, the house that the borrower mortgaged while taking loan is kept on auction. Auction in Bank foreclosure is ca...