Most of the borrowers are at a loss how to tackle the impending problem but the housing counselors are there with unsheathed swords waging a war against foreclosures. They have first hand knowledge of the various federal government plans involving $75 billion. The plans are there but the borrowers need to be navigated and for [...]
It is not so much sub-prime mortgages but recession that is at the root cause of rising foreclosures. In 2008 it was the toxic loans that had triggered the foreclosure wave but in the current year it is the bad days that are responsible for throwing out people from their houses.
Compared to the previous year [...]
We are going to recap another week full of interesting tidbits related to foreclosure and foreclosure issues.
The Obama Administration said that they are expanding the housing aid in order to give lenders amore incentives to folks on second mortgages. What has happened is back when the market was good it was not [...]
It is obvious, that there are certain changes happening with the systems and the policies of a country many times. It is the same with California, as their policies also keep on changing every now and then.
Now, let’s discuss a little about foreclosure. Foreclosure is all about those people who forget to do a [...]
Bailouts will not solve foreclosure related crisis that has spun out of control, gobbling up property values, opines Center for Responsible Learning.
It feels that the government steps as announced by Paulson and the Fed does not go deep down into the root of the foreclosure-ridden problems. It is simply a bailout and nothing more. The [...]
Foreclosure rescue companies are duping victims with teasing signboards promising purchase of house with cash or refinancing the loan with the bonus of a 7 day vacation! They take a fee ranging from $1,000 to $2,500 promising the sky.
The line of approach is the same everywhere with variations from one case to another. The [...]
The courtrooms in Bakersfield, California are jam-packed leaving standing space only. Auctioneer Sam Marshall says it is big business as the numbers roll in. Banks are desperate to reduce their inventory as they are weighed down with innumerable foreclosures. Foreclosure numbers are now breaking own records in the first quarter of the current year 2008, [...]
A foreclosure tsunami is raging over the country. The adjustable rate mortgages are spiking, jobs are vanishing, prices are rising and real estate is falling. All have combined to make it impossible for mortgage holders to continue with monthly payments. But they need not despair.
Housing experts and counselors have many suggestions up their sleeves. One [...]
