Posts (RSS)Foreclosure Crisis
Housing Bill Momentum Slowed Down by Senate Issues
Thursday, June 26th, 2008When the Senate voted on the controversial housing rescue plan, it received overwhelming support. But sadly, the likelihood of it becoming a law soon is reduced because of some problems coming from another unrelated proposal.
Foreclosure Crisis and the Possibility of a Recession
Friday, June 20th, 2008Over the last two years, the number of foreclosure filings recorded nationwide have reached more than two million. During the first year, many analysts were really not that worried and believed that the market will soon correct itself.
Opportunities Abound in Foreclosure Crisis
Wednesday, June 11th, 2008A couple of years ago, Bay Area properties are considered to be among the most expensive homes in the state. But thanks to the present foreclosure crisis, buyers looking for affordable homes in this city are now provided with plenty of amazing opportunities.
Foreclosure Prevention Tip: Look Ahead
Monday, June 9th, 2008For the last couple of years, the housing industry has suffered much from the growing number of homes entering some stage of foreclosure. It is not enough that there are so many foreclosure homes for sale in the market but the large supply has directly affected home prices. Many homeowners are worried that if this foreclosure crisis keeps up, their homes will no longer be considered an asset and rather a liability.
Recovery from Foreclosure Crisis Might Take Years
Wednesday, June 4th, 2008It has become a widely accepted fact that the current blight in the national economy has been strongly influenced by the housing mess. Government officials as well as housing advocates have expressed their belief that recovery from this crisis will probably take many years.
In the coming months, it is expected that more Americans will be [...]
Pawlenty Vetoes Foreclosure Bill
Tuesday, June 3rd, 2008While many people watched to see what Minnesota Governor Tim Pawlenty would do with the new Foreclosure Rescue Bill that was passed by the state Senate and put before his office, Pawlenty ended up doing as Republicans would have expected him to do by vetoing the measures, despite calls from citizens to save the state’s foreclosure victims.
Obama Visits Nevada, Addresses Foreclosure Problem
Friday, May 30th, 2008Senator Barack Obama seems to be focusing the majority of his efforts in the presidential race on battling republican counterpart John McCain now that experts seem to agree that Hilary Clinton is out of the picture, as he took the time Tuesday to attack McCain’s stance on the nation foreclosure crisis during a rally in Nevada.
California Seeing Near record Foreclosures
Thursday, May 15th, 2008The foreclosure crisis in California is spiraling out of control, many experts say in regards to a new report released showing that foreclosure filings in California are now in excess of 500 per day.
Foreclosure filings in the first quarter of 2008 totaled over 47,000 statewide, marking a 49% rise over the total of 31,000 [...]
Foreclosure Prevention Tips
Friday, May 9th, 2008For those facing foreclosure, it can be very difficult to know what to after receiving a Notice of Default, unfortunately, most people make the worst mistake possible, which is to do nothing and hope for the problem to somehow work itself out. The truth is, if you don’t deal with your foreclosure right away, the [...]
Maryland Sees Huge Increase in First Quarter Foreclosures
Friday, May 9th, 2008Maryland, despite the state government’s efforts to create foreclosure prevention services for citizens and to hold bankers and lending organizations accountable for the housing crisis, saw its first quarter foreclosure statistics rise drastically, as more than 11,000 homes were foreclosed on in the first part of the year.
Now, roughly 1 in every 200 homes in [...]