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The Foreclosure Problem in Alaska is Manageable

The foreclosure problem in Alaska lacks the sting of other states and is manageable. It will be getting $20 million from federal kitty to benefit regions rather than individual foreclosure victims. HUD has given the green signal to the spending of $19.6 million for this purpose.
Those who are at risk from [...]

Foreclosure Crisis is a Lesson in Basic Change of Concept of Capitalism

The recent financial crisis triggered by the foreclosure drama has a lesson to teach – there has been a dramatic change in the basic concept of capitalism.

About seventy years ago historian Karl Polanvi in his work The Great Transformation depicted the great change since the emergence of capitalism. It [...]

Bank Officials Across the Country are Expecting a Flood of Foreclosures

Now that the holiday season is grinding to an end, bank officials across the country are expecting a flood of foreclosures. This season the lenders had responded to the crisis by putting on hold foreclosures during the holidays. But now that the grace period is over the banks are getting ready [...]

The Foreclosure Crisis Could Well Turn into a Debt Time Bomb for USA in 2009

From all indications and current trends it seems that the foreclosure crisis could well turn out to be debt related time bomb for USA in the 2009.
President-elect Barack Obama and the Democrats in the Congress are talking about a huge spending package. The aim is to pull out the nation from [...]

Foreclosure Time Is the Best Time to Invest In Real Estate

Foreclosure time is probably the best time to invest in real estate. Today the name of real estate has become synonymous with foreclosure – because of over supply in the market. But as with everything else, there are rules in the game and a novice could do well to pick up some tips.
Buying a repossessed [...]