Many Legal Experts are Advising Borrowers to Walk Away From Foreclosures
Thursday, December 3rd, 2009
Tweet Many legal experts are advising borrowers to walk away from their foreclosures. Professors of law are giving the green signal to borrowers encouraging them to break all chains and march ahead by stopping payments if the value of the house becomes less than the worth of the loans. One should not be bound by [...]
Selling of Old House and Buying a New One
Wednesday, September 30th, 2009
Tweet It is a challenge to coordinate the selling off of an existing house and purchasing a new one in this market dominated by foreclosed units. Like many other couples with a family that was growing Tom and Kelly Chefalas were looking around for alternatives. Should they sell and buy a bigger house or renovate [...]
Stagnant Swimming Pools in Foreclosed Houses Continues to Create Problems in Wellington
Thursday, August 27th, 2009
Tweet The problem of stagnant swimming pools in foreclosed houses that lead to breeding of mosquitoes continues to be a problem. Officials in Wellington are trying to control the menace by introducing catfish of the Amazon region, into the fetid pools to observe whether this will be a cheap environmental friendly way of cleaning up [...]
New Michigan Law to Contain Foreclosures
Thursday, May 28th, 2009
Tweet On 21st May 2009 the Governor of Michigan Jennifer Granholm inked a law that will allow foreclosure victims another chance to work out solutions with the lenders. The new legislation will become effective within 45 days. It has made it mandatory for lenders to open communications with the borrowers and inform them about the [...]
Arizona Is a Buyer’s Paradise For Cheap Foreclosed Units
Monday, May 25th, 2009
Tweet There are always two sides to the coin. While foreclosures brought tears to many it is now bringing smiles to Arizona – a buyer’s paradise for cheap foreclosed houses. A house in Glendale that was priced at $259,000 two years has been sold two months previously for $113,000. A house in Phoenix that had [...]
During Tough Foreclosure Days A Billionaire Is Running to be Mayor of New York
Thursday, March 19th, 2009
Tweet The country is going through tough foreclosure days. Public ire is directed against high flying corporate jets and whopping bonuses for Wall Street executives. At such a time of recession when the economy has brought down the nation to its knees, the billionaire Mayor of New York will splurge dollars on another extravagant campaign [...]
Two Persons Have Been Convicted for Foreclosure Related Fraud
Wednesday, February 18th, 2009
Tweet With the increase in number of foreclosures a new menace has reared its head – fraud related to foreclosures. A federal jury has indicted and convicted two persons for having practised fraud by filing bankruptcy petitions. They were trying to stop foreclosures by doing so. The jury declared Isaac Yaas, aged 42, and Robert [...]
Foreclosures Compel C.C. Myers To File Bankruptcy
Thursday, September 11th, 2008
Tweet Foreclosures seem to have no respect for the bigwigs and have compelled C.C. Myers to file for personal bankruptcy. Anybody in the building and developing world of Sacramento has heard about the famous building contractor C.C. Myers. His investment in a residential project in Auburn has turned sour. With mounting losses he had no [...]
Tucson Foreclosures Double In The Second Quarter
Wednesday, August 13th, 2008
Tweet Tucson area house foreclosures doubled during the months of April, May and June of this year, over that of the previous year, of the same period, according to RealtyTrac. Statistical data projected that in Tucson were on a continuous upswing, threatening not only borrowers lagging behind in payments but also house owners, whose market [...]
Latest Housing Solution Is A Good Bandage For Foreclsure Bruises
Tuesday, August 12th, 2008
Tweet Some experts opine that the latest housing solution initiated by the government is a good bandage for foreclosure bruises. But whether it will heal or leave indelible scars only time alone can tell. It is an opportune time for first time buyers to realize their great American dream of owning a house. Borrowers in [...]
