Jobs in the banking sector have gone down by 22% in Georgia since 2007. The turbulent banking segment has been contracted by nearly one fourth since the crisis started two years previously.
Full time employee numbers in the banks based at Georgia have dropped by 22%. It has dropped to 49,000 on 30th June this year [...]
Foreclosures are not just numbers and hot debates but the subsequent recession has exposed its many faces. The recession has led to massive loss of jobs, slowdown in manufacturing, fall in sales and increase in more foreclosures. Each one has been affected in a different way – whether good, bad or middling.
Ena Melendez runs a [...]
The US is going through one of the turbulent phases. Unemployment is at its peak. Subsequently people are faltering on faltering on mortgage payments. As a result, foreclosures have become common. Now the US administration has breathed new life into the decadent real estate market. It has come up with a stimulus package that will [...]
The statistics is staggering – people are leaving Florida by the droves. There are dark clouds hovering over the Sunshine State as revenues from sales and property fall. Schools are doing with less number of students and teachers. Library and park hours have been cut. The sheriff is doing away with a [...]
As the foreclosure clouds darken one cannot see any jobs peeping through. Although there is strong talk about recovery of the market the unemployment picture continues to be bleak. A day after the Federal Reserve announced the ‘leveling out’ of the economy, the government released a depressing data about unemployment having reached more than what [...]
This is one of America’s most challenging phases. As unemployment levels rise, people are faltering on loan payments. Hence, foreclosures have reached an all-time high. Now home resale at various auctions has become a common feature. Take, for, instance, 322 Crane Boulevard in Los Angeles. Countrywide, which is part of Bank of America, is facing [...]
The elected persons of Carson are putting a distance with the Carson Foreclosure Crisis Response Team that has ultimately led to the foreclosed victims into the arms of a private firm. Complaints are pouring in.
ABS Solutions, the firm in question, is charging thousands as up-front fees to operate mortgage “audits”. It is totally illegal to [...]
It is necessary that those facing risk of losing their homes should know that foreclosures can be avoided by timely intervention. Evelyn Branch has been dealing with a young man in her office who is so tensed that he keeps twiddling with his hair.
The young man, John and his wife Mary were about to lose [...]
