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It Is High Time Steps Are Taken to Rebuild a California that Has Been Ravaged By Foreclosures
It is high time that the administration and community sat up to the reality of rebuilding a California that has been ravaged by foreclosures. The lights in the corridors of the government were dim with the leaders attending the inauguration of President Barack Obama in Washington. But now that the hype [...]
Obama Is Up Against Mountains of Foreclosures
Obama is up against mountains of foreclosures, as the number running into millions is showing no signs of abatement.
In Mesa, Arizona in each block there are a minimum of two foreclosed units for sale. It is a grim sight with buildings in various stages of vandalism and decay – broken deck lights and scorched brown [...]
Foreclosures in Texas will flow Across the State
The Senate has been warned that repo homes in Texas will flow across the state causing a snow balling effect. A minimum of one in every residential house owner will feel the adverse effects of the large number of foreclosures hitting the state.
Housing pundits said that in 2008 there were nearly 96,000 repo homes in [...]
Mounting Foreclosure Crisis Leads to Protests and Demonstrations
History is repeating itself. The people cannot any further meekly accept the goings on in the country as recession continues to rule the roost. Hundreds of demonstrators crowded before the home of the CEO of a renowned company on Glenville Road. They were railing and ranting against the predatory lending practices.
The Neighborhood Assistance Corporation of [...]
Governor Rell Is Taking Measures to Forestall Foreclosures in Connecticut
Governor Jodi Rell is making changes to three of the state programmes to help forestall foreclosures. The previous measure had not been as effected as expected but with these changes it is expected that more people will benefit by being able to qualify.
In all $134 million has been kept aside for the [...]
Foreclosures Are a Hurdle to New Building Activity
Foreclosures are a hurdled to new building activity and it is apprehended that this trend will continue till 2011. The builders of Tucson are facing competition from foreclosed houses and not from each other. It is the repossessed houses that are winning and selling faster than the new ones.
Foreclosures depressed the building of new houses [...]
In Foreclosure Times Distress May be Turned into Opportunity
If one knows how to operate the keys then during these foreclosure times, distress could be turned into opportunity.
Harry Macklow took over Drake Hotel about three years previously and began to purchase many properties surrounding it. It was expected that he would develop the area into a jumbo office complex. But the market [...]
Unemployment is Now Stoking The Foreclosure Flames
It is no longer interest rates that are holding centre stage in the crisis drama. It is unemployment that is now stoking the foreclosure flames. The department dealing with unemployment benefits is overwhelmed with work.
The unemployment rate in Maryland is the highest since the last 15 years. It has resulted in many workers seeking unemployment [...]