Banks are in a hurry to sell off repossessed houses that are nothing but white elephants. In the process the buyer might be lucky to pick up a bargain at 30% to 40% less than the price of few years ago. But that gain is cancelled when the tax is calculated not at the rate [...]
It is a three-pronged attack that will pin down house owners as foreclosures march relentlessly on. Taxes will rise, value of houses will fall together in shrinkage in services. These three curses will hibernate but sprout in spring. It is inevitable – the seeds having been sown by foreclosures.
To take few examples – Oakland [...]
It is hard logical reality that in some way or the other foreclosures are affecting all of us. For instance let us first take the case of the elderly lady Jones who suddenly finds that she has to lose the house she has lived in for many years because of failure to meet enhanced mortgage [...]
Mortgage disclosures keep many clauses carefully confused. This is the opinion of Federal Trade commission’s Bureau of Economics. With changes here and there borrowers could get a much better deal.
A serious study was made of 800 mortgages covering 12 areas across the country. Half were given current mortgage disclosure forms and half given other forms, [...]
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 [...]
