Many are not wallowing in depression and self-pity but taking up the challenge thrown by the foreclosure crisis and finding new avenues. Some say that it has actually been a boom that has pulled them out of the groove. Economic necessity has now become the mother of new invention.
Jay Kverno previously had a job oiling [...]
Side by side with the usual foreclosure of borrowers defaulting and facing foreclosures from lenders, tax lien foreclosures are also increasing.
The treasurer of Luca County Wade Kapszukiewicz came up with a proposal in 2004 to sell the tax lines of those house owners who were delinquent as a new way of raising revenue [...]
Numbers are cold and impersonal and cannot give in depth the true agony of the raging foreclosure crisis. The foreclosure pain can be gauged only in personal stories and happenings.
Sometimes Kruk cannot believe it is happening to her. She has been hearing about foreclosures but hearing and experiencing it is quite something else. She is [...]
Mortgage giants Fannie Mae and Freddie Mac were asked to suspend foreclosure filings on mortgage loans by four democrat senators in the US. The Federal regulator and the newly appointed Chief Executive who have taken over the administration of the mortgage companies had instructed them to hold foreclosure proceedings temporarily in abeyance. Fannie and Freddie [...]
As foreclosure numbers increase so do instances of abandonment of pets. The four-legged friends of Man are the latest casualties in this foreclosure crisis.
Nobody knows this better than Shih Tzus of Associated Humane Societies branch in Newark. He said that in the last six months he has had to give shelter to dozens of dogs [...]
The foreclosure crisis worsens but the victims are fighting it and struggling to continue to stay in the houses that are their homes. The Government together with the mortgage industry is going all out to address the problem that has gone beyond the boundaries of the playing fields of the lenders and borrowers. All are [...]
The foreclosure crisis has been slipping from bad to worse. It started off with the laudable aims of helping those who wanted to own a house but could not qualify for the prime loans. The sub-prime mortgage was tailor made for them. Unfortunately the scheme went awry with predatory lending and reckless borrowing. The borrowers [...]
Mortgage Bankers Association announced that during the third quarter of this year foreclosures have reached an all time record peak since 1986. Economist Campbell speaking with staff writer of Newsday, Wagner, said that this will have a wide impact on the general economy. It will affect all house owners and not just those branded as [...]
