Rise in foreclosures have led to an increase in demand for rented accommodation. The story of Praga and her family are one of the many across the country. She was living with her husband and four children together with her sister’s family in the Evergreen region of San Jose in a four bed roomed house. [...]
The tax assessments on properties are unusually high in the localities that have been badly hit by foreclosures. For residents it is a double whammy coming from foreclosures and assessments according to the findings of an advocacy group from Atlanta.
The survey included in its study the metro regions of five counties and concluded that those [...]
It is good news for over 120,000 foreclosure victims of California that a massive relief operation is on way. BofA or Bank of American Corporation will be providing $3.5 billion as loans for mitigation of the foreclosure crisis to settle the legal suits that it has taken over from Countrywide in July. Bofa also inherited [...]
Not having satiated its appetite with the houses of the middle and low-income group, foreclosures are now stalking elite neighbourhoods. On Greenwich Road in Bedford a ranch house with peeling paint and the looks of disrepair is very much out of place considering the locality. But foreclosures respect nothing. Broker Mark Boyland comments that [...]
Taking into account the picture in Queens, foreclosure-housing woes seem to be related to greed rather than the race factor. Greed seems to have blinded many and nowhere more intensely than in Queens. This borough of New York has been worst hit by the raging foreclosure crisis.
In August 2008 foreclosures here increased by more [...]
Stagnant pools in abandoned foreclosed houses are posing problems for authorities in Arizona. The challenge is being met by releasing a particular type of fish known as minnows into the fetid pools to stop the spread of mosquito borne diseases like the dangerous West Nile.
The officials of the Health Department of Maricopa County that is [...]
The foreclosure is a judicial process by which the lenders realize unpaid dues by seizing the mortgaged property. This has been going on ever since the history of borrowing and lending began in the history of mankind. But suddenly foreclosures have hit the headlines in America and consequently the rest of the world since the [...]
Foreclosures are compelling USA to move towards nationalization – a move that smacks of Marxism in a haven of capitalism. Is Marx laughing? More than a century and six decades ago he had said that socialism would take over the controls of even the most fanatically industrialized countries. Perhaps he was not far from the [...]
