If President Bush has his way then the residents of Las Vegas victimized by the foreclosure crisis will heave a sigh of relief. The President does not think it is a bail out operation to help lenders and speculators but is meant to help borrowers who are in the soup worried about the roof above [...]
Poku, a 55 year old taxi owner with wife and three children hails from Columbia. He had to move out of his house. Helped by his group members and a new state programme he shifted to rented accommodation. At lease he is not under the open skies!
One of his passengers Neil Carey, kicked off [...]
According to reliable sources foreclosures rose by 93% from July last year to July 2007 across USA. It went up by 9% from June. In July last year the number of foreclosures had been 92,845 but this year during the same month the number read 179,599. In June the foreclosure number was 164,644. The figures [...]
One out of every 47 houses is popping into the foreclosure oven making it one of the hottest cities in the grips of the reigning real estate crisis. It ranks 8th among the leading 100 cities buzzing with foreclosure activity during the first half of this year. The figures have been released by one of [...]
Birmingham based Shore Mortgage watched with caution the stirring up of the mud in the sub-prime real estate market. But the young lender at the helm is ever ready to jump in and take a chance again. Brian May an office bearer of the company spoke about having helped a Romanian engineer. The latter had [...]
The economic slump is telling on slim purses. Less and less can avail of mortgage loans to buy properties. There are no units for sale than buyers. It is apprehended by National Association of Realtors that real estate market rates will fall to a five-year record low dip.
For the eighth time this year [...]
The MLS or Multiple Listing Services includes every item of property except those up for sale by the owner. It is often an indicator for market rates. But agents sometimes raise the price. This comes in handy when there is a mortgage fraud. The broker pays the seller the original listed price but takes back [...]
The housing market is stuck in the mud. Numerous condos are crowding the stalls Prices are tumbling. Buyers are ready to strike the fallen and grab big bites.
Florida Legislature plans to consider lowering taxes on property in its next session, starting next week. The vultures are afraid that this might put a stop to clinching [...]
