How to Buy Foreclosure Houses
Monday, May 31
One of the most visible ways to invest your hard earned money is by buying properties. One of the most common properties that any person wants to buy is a new home. Purchasing a home is a long term investment that even your grandchildren can reap the benefits of having their own home. Buying home...
Pessimistic Foreclosure Future
Thursday, May 27
The method of suicide because of the foreclosure crisis, known as “chemical death,” or "detergent suicide" appeared originally in California, and then spread to New Jersey, Missouri, and New York. New York Times wrote, also last year that it became a fashion among teenagers to use the blade to...
There are Insufficient Residential Houses in the Market
Monday, May 24
Despite persisting foreclosures there are insufficient residential houses in the market – an ironical situation. In many places the realtors are complaining shortage of enough houses to sell. Currently the market has supply of residential houses that will take eight months to be sold – calcula...
Foreclosure Numbers are Declining But the Healing has not Started
Thursday, May 20
Foreclosure numbers have declined in over half the worst hit pockets in the country but paradoxically the healing has not started as yet. According to RealtyTrac foreclosure postings dropped in fourteen out of the mega twenty cities of the country, year by year. Most of the concentration has bee...
Senate Considering the Victims of Foreclosure Crisis
Wednesday, May 19
The Massachusetts State Senate is considering the woes of tenants victimized by the foreclosure crisis. It recently gave unanimous support to a law that targeted stabilization of the neighbourhood by giving protection to the tenants from eviction due to foreclosure. The Senate gave the nod to ...
Housing Will Take a Minimum of Three Years to Recover
Friday, May 14
The housing market will take a minimum of three years to recover as continuing foreclosures are hurting the market and not allowing it to stabilize. This was the opinion of Lewis Reanieri – a pioneer in mortgagebond matters. During a panel talk at Milken Institute Global Conference at Beverly Hil...