real estate owned foreclosure
President elect Obama is keen to contain foreclosures but the point is – how does he propose to go about it? While campaigning Obama announced that he wanted a 90-day stay on foreclosures and advocated for giving bankruptcy court judges to modify loans on first time residences. He promised a fund for foreclosure prevention as [...]
Foreclosure crisis should be top priority for President-elect Obama and vice-president elect Biden. The transition from Bush to Obama is already in process. It is said that Obama wants Rahm Emanuel to be chief of staff. Obama will also be given intelligence briefings.
It seems to be a good beginning in keeping with methodical Obama whose [...]
It is clear that foreclosures are the main cause of McCain’s failure in Florida.
One of the many who voted against him is Alicia Smith. She left her job about two years ago so as to have a baby. But now she cannot get another job. Her hope is that Obama will generate more employment. Smith [...]
Arnold Schwarzenegger, the governor of California is seeking legal help to put 90 days stay on all foreclosures.
President elect Obama has also come up with similar suggestions but Schwarzenegger’s plan is slightly different. He is trying to project California as a safe haven for the mortgage lenders, commented an advisor to the governor, David Crane.
If [...]
Times are rough with nobody knowing what will happen tomorrow. But one thing is certain – this is the right time to buy reo homes. Banks are more than eager to get rid of their innumerable reo houses and as such are offering huge discounts. REO property can be bought at auctions, from a realtor [...]
The writing has been on the wall but few cared to read it. History is repeating itself in the foreclosure triggered financial crisis of today. Yesterday as today, the warnings were there. The high number of foreclosures gave enough warning for the corridors of powers to sit up to the imminent trouble.
After World War I [...]
The financial hiccups in Wall Street coincide with the 1929 crash – it is as if foreclosure-ridden America is observing the gloomy anniversary of the Great Depression. That was a time when stock markets had similarly crashed.
During the time of the Great Depression during 28th and 29th October there had been rampant panic gripping the [...]
Because of mismanagement of their own finances, many bankrupt pet owners are leaving their pets in animal shelters – the pets suffer when their owners’ home is foreclosed. These shelters are over burdened with animals and they are forced to put some of these animals to sleep.
Mark Jane is a fifty-two year old man. He [...]
Now that they’re losing their homes and most of their wealth along with it, Americans are cutting down on their costs due to foreclosure crisis.
The country’s economy is facing its biggest threat from the break down of the real estate market. The combination of surging foreclosures, depreciating home values and ever increasing mortgage investments is [...]
Maybe it is high time that Los Angeles City Council needs to put its priorities right.
The number of reo listings and the unemployment rate in Los Angeles is rapidly going up. Meanwhile, the local bodies across the state are wondering which essential service they need to cut down upon to prevent their financial condition from [...]
