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More and More Foreclosure Victims Succumbing to Fraudsters
With more and more foreclosure victims succumbing to fraudsters the federal government is in a quandary.
Waver Brickhouse is soft spoken. She bemoans that twice during the time of this housing crisis she has been victimized by con artists. In 2005 she defaulted on her mortgage and turned for help to a rescue firm that [...]
Florida Is Topping the States with Homeless Kids – Victims of Foreclosure
Florida is one of the top states with homeless kids – all victims of foreclosure. There are nearly 50,000 children being accommodated in various shelters as well as cars and motels. Some are doubling up with other families.
According to the details of a report released by National Center on Family Homelessness, Florida was placed 46th [...]
President Obama’s Foreclosure Plans Will Help Refinancing Loans
It is of great import that President Obama’s foreclosure plans will help refinancing loans. Most of the loans have gone underwater with the loans being bigger than the value of the house. This lack of equity has stood in the way of refinancing. But that hurdle will soon be overcome and give relief to 4 [...]
Bankruptcy Bill Trying to Go to the Root of the Foreclosure Problem
The bankruptcy bill that will be taken up by the House will try to go to the root of the foreclosure problem. By it the homeowners who are cowering under the weight of mortgage dues will get their monthly commitments lowered according to court order. This clause of the Obama plan is stirring up a [...]
Foreclosures now Closing in on Executives
With foreclosures closing in on the highflying executives, their lives are not going to be lined with dollars anymore. President Obama has announced $500,000 as the limit for financial executives of firms that have taken part of the federal bailout fund. Obama was reacting to public ire over bulky remuneration being [...]
ABC Will Be Focusing on the Foreclosures in California
The ABC programme “World News With Charles Gibson” will be focusing on the front lines of foreclosure related woes – California.
California has been recording the highest foreclosure and unemployment numbers. Gibson and his team will pry into the down turn of the economy and how it is telling on the lives of everyday people across [...]
Foreclosure Weather Has Not Dampened the Optimism of Blacks
The foreclosure weather and the financial slump have not dampened the optimism of the blacks – in fact it is more upbeat than the hopes of others about 2009. This is despite the fact that their share of credit card debts and foreclosures are relatively higher according to a recent survey conducted by Tavs Smiley [...]
Banks Are Making the Foreclosure Crisis Murkier
The banks are making the foreclosure crisis murkier and preventing the efforts being made to stop people from being evicted from their houses and homes.
The wave of toxic mortgages kicked off the current financial crisis and brought along with it waves of foreclosures. Unless this tide is stemmed even the most jumbo [...]
Foreclosures Are Threatening Even Venture Capitalists
Foreclosures are now boldly marching on and threatening even venture capitalists like Charles Kokesh. He is on the point of losing his residence as well as polo grounds in Santa Fe.
On Thursday 26th February 2009, the judge gave the green signal to the foreclosure sale of the home of Kokesh situation on Camino Corrales. It [...]