Ohio is fed up with continued pace of foreclosures – a House panel has placed a six month moratorium on foreclosures. To deter the process the bill has also increased the fees for filing. The ultimate target is to see that the lenders and borrowers amicably work out the problem.
The residents of Ohio will get [...]
In answering the question how far has Obama been able to impact on the foreclosure legacy he has inherited in the first hundred days of power, it can be said that he has made the people sit up and be accountable again.
Within a hundred days USA today is different from what it was on [...]
The foreclosure crisis has exposed the defect in the structure and the system. The unregulated market framework did not work out and if Obama wants effective action and the end of the recession this root cause has to be tackled.
The reverse gear action of going back to the unregulated market days is the main cause [...]
The local governments are concerned about steps being taken by a bankers group in Florida in trying to avoid the responsibility of maintaining foreclosed units. This will mean passing on the buck to the taxpayers while at the same time these derelict houses will continue to pull down property values of the localities.
Thousands [...]
The Long Island civil courts are jam packed with foreclosure cases as the housing crisis is not showing any signs of turning. The flood of foreclosures has no other source of outlet but to pass through the lone single drain – the civil court system.
Nassau and Suffolk have been worst affected by foreclosures. [...]
A tragic death shocks again foreclosure-hit Freddie Mac. David Kellermann the acting chief financial officer of Freddie Mac died suddenly and tragically. It was apparently a case of suicide. Freddie Mac has gone into a state of shock.
Fannie Mae and Freddie Mac are two mortgage giants that have recently been taken over by [...]
From Sin City Las Vegas has become the foreclosure capital of USA. To know about the change it is best to spend some time with realtor Jennifer Martin. There is the possibility of snapping up a condo while gathering real life tales.
During the housing bubble some of the prices were insanely high but these [...]
Seventeen years ago Hurricane Andrew had hit Miami-Dade County. Today Hurricane Foreclosure is following it. The effect is the same – the flattening of the landscape.
In some special zones like Homestead and Florida City, nearly 25% of the residential houses are in foreclosure. Many others that were being built by developers sit eerie [...]
