Articles about
Foreclosure Cases Being Cleared Through A Fast Moving System
It’s a busy time in the various American courts as foreclosures are back in action. Judges handle at least a hundred foreclosures a day and no one is complaining.
Families Are Patching Up Finances Post-foreclosure
Life goes go on. There are stories of families patching up torn finances post-foreclosure. Even after the foreclosure auction emotional and scars remain that have to be tended.
Foreclosures to Rise in the Next Two Years
JP Morgan & Chase analysts observe that foreclosures in the US will increase in the next two years. They will probably touch 6.4 million around 2011. However, if loans are not reworked to help borrowers, the number would rise by another 2.5 million.
The decline in home prices will be arrested slightly. Instead [...]
Treasury is Determined to Avoid a Rerun of Foreclosure Crisis
The Treasury is determined to avoid a re-run of the foreclosure crisis by setting up a new consumer protection agency. Lobbyists have given the war cry to stall the measures but the Treasury has given out warnings that it will not back out of the scheme.
The Economy is Facing Tough Challenge Thanks to Foreclosure Crisis
The US economy is going through one of the toughest and challenging phases thanks to foreclosure crisis.
There is Small Logic in Big Wave of Foreclosures
There is small logic in big wave of foreclosures. In the last week of June the stock market again shuddered and tumbled following news that foreclosures have again increased during the first quarter. The Comptroller of the Currency noted that of the 34 million loans they are tracking, 22% increased to touch 844,389. The number [...]
Foreclosures and Bankruptcies no longer Carry Socio-Economic Stigma
When millionaires like Denny Hecker faces creditor woes it can be said that foreclosures and bankruptcies no longer carry socio-economic stigma. Hecker owes over $766 million to a motley group of creditors.
Foreclosed Economy Spelling Hard Days for New England
The foreclosed economy is spelling hard days for the three deckers of New England. These have been regional emblems.
Foreclosures Aggravate the Problem of Medical Bankruptcy
Foreclosures are aggravating the problem of medical bankruptcy. One of the victims is Dorothy Carmona. She is self-employed and does not have any health insurance. In 2004 she had a stroke and since then has been sliding into debt. Adding insult to injury the foreclosure crisis ruined her business. Her troubles peaked with her now [...]
Foreclosures Strangling Cleveland
Foreclosures have been strangling Cleveland even before the sub-prime meltdown. Here it started with the economic downturn and the shutting down of manufacturing units.
Most of the borrowers of home loans are underwater – the worth of the house being less than the loan balance. This has prompted many to simply walk [...]