Recent REO News and Articles

In the middle of continuing foreclosures and unemployment the budget of President Obama for the fiscal year 2011 shows that he has given his priorities to the right targets. Spending would be increased on education, on cleaner energy technology. Expenditure in the defense sector is relatively constrained than before. But the [...]

Florida would soon be introducing non-judicial foreclosures that would lead to faster and quicker completion of the process and evictions. This will be a reality if bankers have their last word. Residents of Florida facing foreclosure threats could find themselves out on the streets within three months from the start of [...]

The foreclosure crisis with its credit freeze is squeezing out small business concerns. But life has to go on – it has a tendency to go along and this has given a new band of lenders to come to the forefront. One of them is Richard Eitelberg the founder and president [...]

The US economy is on a tailspin what with unemployment at its peak. As people lose jobs even those with sound credit history are faltering on mortgage payments. Hence, foreclosures have become common. RealtyTrac has pointed out that another 3 million homes will be lost to foreclosure. That would be triggered [...]

Foreclosures are making the ‘fat cats’ of Wall Street wake up to the reality that their public image needs brushing up. A rally highlighting their plight was organized during the lunch hour in the plush office premises of John Thomas financial – an investment house or recent entry. The idea of [...]

In the wake of the foreclosure crisis it is financial overhauling that is essential and pivotal to the problem. In expressing his keenness to put limits on the size and operations of the jumbo banks, Obama has kicked off a logical beginning – something that had been lacking so far. Till [...]

It was the banks that crafted the foreclosure crisis and yet the new year is seeing that few of them, especially those that have come out fatter after the crisis, are showing remorse. They have reversed to their old ways and are making use of the cheap dollars being offered by [...]

There is a paradox – while foreclosure numbers are high, the mortgage default rate is modest. Millions of owners of residential houses have gone underwater – the value of their houses having fallen below the loan amount. In Nevada over two thirds of the borrowers are in this zone. Yet the [...]

After the passage of a year since the handing over the reins to President Obama many are having second thoughts about his strategy and what was not done in addressing the foreclosure crisis.
Many opine that he tried to over reach and do much beyond limits. Especially he should have kept health care [...]

President Obama flexed his muscles threatening to bring in new rules to impose limits on financial risks; immediately stocks and the dollar responded by tumbling down.
Obama has been struggling for some time to push forth his plans but his tone became more strident after the Democrats lost the key seat of [...]