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Post Foreclosure Evictions Census is Running into Difficulties

Post foreclosure evictions the census is running into difficulties but high stakes are involved. Related to population count depends grant and congressional representation. 2010 census is just around the corner and residents in most of the important cities areat risk of being left out. The census department is struggling with shortage [...]

Foreclosure Ghosts Haunt Halloween Nights in Detroit

Darlene Banks is not happy as Halloween approaches – she is afraid of foreclosure ghosts that haunt her in Detroit. The wooden bungalow next to her residence has been vacant for long five years. Darlene is afraid that like another vacant house the so-called ghosts will set it on fire. 10 [...]

Foreclosure Rescue Scams Netting More Vulnerable Homeowners

Foreclosure rescue scams are netting in more vulnerable homeowners. In these dark days this is one line of business that is flourishing. The scammers hardly have to make any initial investment. They do not need expert training either, having learnt their skills during the time of the housing boom when they [...]

Dreams of Easy Money Vanish to the Reality of Foreclosure Daylight

Peter S. Goodman in his latest book writes how dreams of easy money have vanished with daylight breaking accompanied by foreclosures. The past years were indulged in senseless borrowing by the borrowers and bankers. That thinking has lost its magic touch and days of harsh reality have woken up Americans.
Goodman is [...]

Census Count Facing a Challenge From Foreclosures

Census count poised for the big operation is facing a challenge from foreclosures. It is going to be more difficult and costly to obtain accurate statistics in 2010 as the foreclosure victims have shifted to live with families, cars or shelters. Many have been rendered homeless. This fact has been admitted [...]

Foreclosures Abound in North Texas

The US real estate sector is in the dumps. With unemployment reigning high, people are faltering on mortgage payments. Hence, foreclosures have become common. Now the housing market in North Texas has reached the bottom after prices declining for over a year. However, experts say that it may take a while [...]

Foreclosure Prevention Workshop Attracts Crowds

The US economy is going through one of its most challenging phases. With unemployment at its peak, people are faltering on mortgage payments. Hence, foreclosures have become common. Now foreclosure prevention workshops have become common. These workshops are usually well-attended. After all, people are becoming wary of losing homes. A [...]

Foreclosure Ridden American is Making Way for a Rising China

Foreclosure ridden America is sinking and making way for a rising China. In New York Times Robert Kaplan wrote that while America was facing casualty after casualty spilling blood in Afghanistan, China has been reaping advantages by exploiting mineral rich Afghanistan. The Taliban has no cause to pick a quarrel with [...]

People Being Rushed to buy Foreclosed Homes

People are being literally rushed to buy foreclosed homes with various incentives like tax credit being offered. Experts are questioning the sagacity of such a policy even though it may be politically rewarding.
Ted Gayer of Brookings Institute is one of the critics of the tax credit policy. Figures show that a [...]

A web of Credit Blues

It is a vicious circle – foreclosures, credit card dues and joblessness. Americans are ensnared. One person did not get the coveted job because of his car, cable and other utilities. It is not impossible. It is scary and is taking place each day. People are being refused jobs literally because [...]