Buying a Foreclosed Home – Important Questionsts
Tuesday, September 21st, 2010
Tweet If you are considering buying a home which has been foreclosed on, you may have many questions. For example, who is responsible for the utilities or who needs to pay the property taxes? These are important questions to get answered when dealing with the bank on a foreclosed property. As far as the utilities [...]
Banks Being Penalized in Los Angeles for not Maintaining Foreclosed Properties
Friday, July 30th, 2010
Tweet Banks are being penalized in Los Angles for not maintaining foreclosed properties as the city has stepped up measures to battle the curse of derelict vacant units dotting the state and pulling down the value of property right across the state. The California Mortgage Bankers Association is opposing the new rule that will impose [...]
Foreclosures Continue to Pull down the Real Estate Market in Washington
Wednesday, July 28th, 2010
Tweet The housing market is being pulled down with foreclosures in Washington. More house owners are threatened and ultimately losing their homes. During the first six months of this current year, over 27,000 units came under the cloud of foreclosure. In the market 30% were from the distressed section. It has resulted in the pulling [...]
New York Unions Poised to Put Pressure on Jumbo Banks to Stop Foreclosures
Monday, July 26th, 2010
Tweet The coalition group would see the response and depending on that are planning their next step of moving their pension funds and other deposits kept in these banks to other financial institutions. The amount is something considerable. Liu said, “The federal programs in place just aren’t having a desired effect. People are losing their [...]
The Double Standards in Foreclosure – Allowing Rich to Default With Impunity
Friday, July 23rd, 2010
Tweet Compilation of data is showing that larger debts have a higher probability to become delinquent during times of a financial crisis that loans of relatively modest size. The difference in the size of loans will highlight the treatment meted out to the wealthy on one hand and to the general borrower on the other. [...]
Flippers are Swooping Down on the Foreclosure Market With Ready Cash
Wednesday, July 14th, 2010
Tweet Flippers are now swooping down on the foreclosure market with ready cash pushing out ordinary people trying to buy affordable houses. The housing crisis has left behind a swath of foreclosed and underwater borrowers. There are now droves of investors who are snapping up these properties, giving them a cosmetic face lift and selling [...]
California is Bearing the Burden of Nearly a Quarter of Foreclosures of America
Friday, July 9th, 2010
Tweet Foreclosures in California are coming at a rate of one quarter of all America. The legislators are now in a hurry to drum out laws for containing the menace and allow for more occupants to stay on in their houses. The latest move by Washington is concentrating on lender’s matching mortgage help and short [...]
With Foreclosures Looming the Sellers are Hunting for More Alternatives
Thursday, July 1st, 2010
Tweet With foreclosures in Nevada looming, the sellers are hunting for more alternatives – one being short sale. It can avoid foreclosures but there are minus points. The lender has to agree to a loss and the danger remains for the borrower of later being chased for unpaid dues. Short sales cannot be done without [...]
While the foreclosure crisis rages the pot is calling the kettle black
Tuesday, June 29th, 2010
Tweet The foreclosure crisis continues to rage and against this background the blame game is going on with the pot calling the kettle black. In New York the government is calling the bigwigs of Wall Street ‘fat cats’ but cannot the same nickname be applied to the administration? Recently in various meetings at Capital Hill [...]
Cities up in Arms Against the Debris left Behind by Foreclosures
Wednesday, June 23rd, 2010
Tweet Guillermo Zamora is one of the victims who has to put up with the horror of living next to a foreclosed unit. The garden is full of weeds, gangs, in the back there is a discarded car while electrical cars are dangling dangers. The windows at the back seem to be riddled with bullet [...]
