News About Government Repo Homes
Foreclosure Cases are one Sided With Borrowers Always Losing out to Lenders
Posted on November 6, 2009
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It is not just today – but for many decades foreclosure cases have been one sided with the borrowers having little or no chance against the lenders; the latter always won. The courts always gave their stamp to the taking over of properties by the banks. The word of the bank was [...]
The Hangover After the Initial Burst of the Foreclosure Crisis Needs to be Studied
Posted on November 5, 2009
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The hangover after the initial burst of the foreclosure crisis needs analysis although foreclosures and unemployment are not a thing of the past and continue to plague American economy.
However many believe that the crisis is over as the stocks have gone up by 50% to 60% from the start of 2009. Gold [...]
Judge Ruling Denies MERS the Right to Initiate Foreclosure Cases
Posted on November 4, 2009
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The MERS or Mortgage Electronic Registration System was the brain child of Freddie Mac and Fannie Mae together with some banking giants. It made its debut in 1997. With the green signal from the rating services a new game of securitization of mortgages began. The mortgages were made into packages, sliced, re-packaged [...]
Florida Foreclosure Crisis Continues to Harass the State
Posted on November 3, 2009
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With a foreclosure rate of 1:4 in Florida the crisis continues to harass the state. The rate is the highest in the nation. With the lingering recession another wave is poised to break. In fact it has already started to appear in courts. These are not sub-prime mortgages and other exotic [...]
Post Foreclosure Evictions Census is Running into Difficulties
Posted on October 30, 2009
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Post foreclosure evictions the census is running into difficulties but high stakes are involved. Related to population count depends grant and congressional representation. 2010 census is just around the corner and residents in most of the important cities areat risk of being left out. The census department is struggling with shortage [...]
Foreclosure Ghosts Haunt Halloween Nights in Detroit
Posted on October 29, 2009
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Darlene Banks is not happy as Halloween approaches – she is afraid of foreclosure ghosts that haunt her in Detroit. The wooden bungalow next to her residence has been vacant for long five years. Darlene is afraid that like another vacant house the so-called ghosts will set it on fire. 10 [...]
Foreclosure Rescue Scams Netting More Vulnerable Homeowners
Posted on October 28, 2009
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Foreclosure rescue scams are netting in more vulnerable homeowners. In these dark days this is one line of business that is flourishing. The scammers hardly have to make any initial investment. They do not need expert training either, having learnt their skills during the time of the housing boom when they [...]
Dreams of Easy Money Vanish to the Reality of Foreclosure Daylight
Posted on October 27, 2009
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Peter S. Goodman in his latest book writes how dreams of easy money have vanished with daylight breaking accompanied by foreclosures. The past years were indulged in senseless borrowing by the borrowers and bankers. That thinking has lost its magic touch and days of harsh reality have woken up Americans.
Goodman is [...]
Census Count Facing a Challenge From Foreclosures
Posted on October 26, 2009
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Census count poised for the big operation is facing a challenge from foreclosures. It is going to be more difficult and costly to obtain accurate statistics in 2010 as the foreclosure victims have shifted to live with families, cars or shelters. Many have been rendered homeless. This fact has been admitted [...]
Foreclosures Abound in North Texas
Posted on October 23, 2009
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The US real estate sector is in the dumps. With unemployment reigning high, people are faltering on mortgage payments. Hence, foreclosures have become common. Now the housing market in North Texas has reached the bottom after prices declining for over a year. However, experts say that it may take a while [...]