Michigan is struggling caught between the double pincers of unemployment and foreclosures. It has the highest unemployment rate from 2006. The predictions are that in June it will spike to 15.2% and keep on going up before finally taking an about turn. The state has never quite recovered after the 2001 recession.
The collapse of the [...]
The fall out from foreclosures affects all and not just the direct players in the game – the lenders and borrows.
In Michigan after exiting from the ministry ten years ago, Greg Sterns became the financial manager of Lighthouse, Oakland County. It is a non-profit body based in Pontiac. His job was [...]
Innovative artistic touches are transforming the complexion of foreclosed houses and the entire neighbourhood. It is a ray of sunshine in the middle of a decaying automobile industry, increasing unemployment and thousands of foreclosures in Detroit. But Mitch Cope together with his wife Gina is endeavouring to change the scene tackling the houses one by [...]
In this gloomy foreclosure climate the important thing is to keep alight the lamp of Hope in the coming year – it alone can steer through the troubled waters those who are drowning.
Soon one of the most horrific years in American history and that of the world will draw to a close. Michigan [...]
Foreclosures victims feel that a two-year halt on foreclosures can help them. Lawmakers echo same sentiments and are proposing a moratorium on house foreclosures.
Sandra Applleberry of Grand Blanc is 53 years and is a pastor of a church in Flint. She is one of the thousands who are threatened by impending foreclosures as they [...]
In investigation of Michigan foreclosures for sale, there are listing services providing the potential investor with the most up to date information pertaining to properties that have been foreclosed on, or are about to be foreclosed on. The origin of this kind of service stems from those who conducted courthouse research for title search companies [...]
Foreclosures have a close relationship with the purse of the average American. This is the issue being raised by candidates and something that every one wants to know. Inflation is at its worst since the last 17 years. Unemployment is soaring and foreclosures are galloping on.
To many these are just numbers and figures read over [...]
The long tentacles of foreclosures in USA are now reaching out to affect the global economy. It is spreading with no signs of retreat according to the International Monetary Fund. Reporting on the global financial situation as in April IMF states that that the international financial markets continued to be brittle with indications of risks [...]
