Articles about

Pundits Cannot Predict the Nearing of the End of this Foreclosure Related Crisis

All the pundits agree – they cannot predict the nearing of the end of this foreclosure crisis that has brought about this recession. The prevailing recession is in its 15th month making it longer than all but two such recessions following the close of World War II. In fact all indications [...]

Foreclosures Spell Opportunities for Wild Coyotes

Foreclosures are spelling opportunities not only for nest builders and investors but also for Wild Coyotes. They are taking over some of the Repossessed Houses.
A stumbling human economy sends out chain reactions in rippling waves. It is now reaching out beyond the human genus. The wildlife experts of Florida have found [...]

One Can Make a Living from the Droppings from the Foreclosure Table

In these days of unemployment one can make a honourable and decent living from the droppings falling from the foreclosure table. Many companies are now taking contracts from the bank to clear and clean the repossessed houses.
The first step is a general inspection where the cleaning teams often comes upon sleeping vagrants and dying pets [...]

The Foreclosure Situation is Grim – but not as Bad as the Eighties

The foreclosure situation is grim today but it is not as bad as it was in the eighties. In 1987 bankers had repossessed over 1,690 residential houses. This is however small consolation to hundred of families in Mat-Su who are battling foreclosures. Real Estate experts opine that this is nothing compared to the crisis that [...]

There Is No Societal Support for Foreclosure Victims Residing in the Suburbs of Suburbs

For those living in the outer-edge or the suburbs of the suburbs there is no societal support for foreclosure victims. John K. McIlwain of Urban Land Institute of Washington noted, “In the outer-edge suburbs, there are no nonprofits. Charitable support is much weaker. We’re likely to see outer-edge ghettos with higher home-vacancy rates for quite [...]

Kazakh Borrowers Protest Against Foreclosures and Repossessions

Kazakh borrowers protested against foreclosures and repossession. Twelve borrowers in Kazakh are defaulting on their mortgage loans. They staged a hunger strike demanding a halt by the banks to repossess their homes. This was a rare outburst in a Central Asian state.
Reports came in that banks devalued the currency by 18%. This was because of [...]

In a Foreclosure Climate Con Vultures Are Thriving in California

It was to be expected – in a foreclosure climate con vultures are thriving in California. The Attorney General Edmund G. Brown has sent out a stern warning in a press release stating that the con artists have “sunk to a new low” by even forging letterheads of important lenders. California is worried about the [...]

Help Is Now Available Even For Those Not Facing Foreclosure

Help is now available even for those who have bravely carried on with their mortgage repayments and are not facing foreclosure. But with the recession continuing one is always fearful of the foreclosure wolf knocking on the door.
Till now borrowers living precariously on their limited income like Kevin and Jennifer Norris could not renegotiate their [...]

Millions Will Not Benefit from Foreclosure Prevention Plans

There will be millions who will not benefit from foreclosure preventions plans. What are they going to do?
It may be that they do not have the earning to repay the loan. Or perhaps they can afford the repayment schedule but fail to qualify to avail of the plan benefits because the worth of the house [...]

Foreclosure Prevention Measures Begin to Trickle Down

A Baltimore City Council Bill intended to slow foreclosures has come up against opposition from lawyers alleging that it is against the provisions of the state and federal constitutions.
Councilwoman Mary Pat Clarke and Councilman Bill Henry introduced the bill. As per its terms the period between foreclosure and eviction would be lengthened from 14 days [...]