Simple Market based plan suggested for Complicated Foreclosure Problem
Thursday, February 25
The Obama government battling to ensure protection to foreclosure victims is not aware that there is a simple market based plan to combat this complicated problem. In 2009 White House was given a suggestion on modifying mortgages through the web that would erase many of the hurdles the governm...
Biggest Residential Complex in Manhattan goes into Foreclosure
Wednesday, February 24
An uncontested foreclosure move was planned against the owner of the biggest residential complex in Manhattan lenders at Stuyvesant Town and Peter Cooper Village. The complex was being managed by CWCapital representing the owners. The total mortgages on the building amount to $3 billion. A ca...
Novices should be Wary of Foreclosure Auctions
Tuesday, February 23
From August to November last year the number of foreclosures steadily dropped but remained much higher than 2008 according to RealtyTrac. The foreclosure filings of November 2009 (including all the stages of foreclosure) were 306,627. It was a drop of about 8% from October 2009 but a spike of 18...
Amidst Foreclosures, People hold Negotiations for Lower Mortgage Payment
Monday, February 22
The US is going through one of its most challenging phases. Unemployment is at its peak. As people lose jobs, they are faltering on mortgage payments. Hence foreclosures have become common. Not only the jobless but even those who have decent jobs are threatened with home loss.Take, for instance...
What exactly is the foreclosure crisis?
Friday, February 19
It is happening throughout neighborhoods all across the country, the crisis has definitely become a concern for all people who own their own homes. There are a few ways that you can avoid, and just duck underneath the foreclosure crisis, but as long as the economy stays the way that is has bee...
Government and Industry Officials trying softer Alternatives to Foreclosures
Friday, February 19
Government and industry officials are trying hard to find softer alternatives to foreclosures so that troubled borrowers can exit easily from their houses without going through the pain of foreclosures or a humiliating eviction. Citigroup is poised to introduce a new measure soon that would per...