The foreclosure crisis has led to the mushrooming of bankruptcy cases with attendant evils. The law firms engaged in handling the cases have been presenting absurdly high bills – so much so that it has drawn the attention of the media. Lawyer’s fees for bankruptcy cases have been steadily rising but so far there has [...]

The foreclosure crisis has left behind swaths of unsold houses but if certain tactics are followed these could be made to move. Firstly it is imperative to take the help of professionals and secondly essential repairs would have to be attended to. One has to adapt to the prevailing mood of the market. The seller [...]

The foreclosure crisis has opened a can of worms for Wall Street and today it is face to face with truth. The reform bill of the Obama government is all set to the target of the opposition – the Republicans. They will try to attack it at the first opportunity. Senate Republicans said they would [...]

The SEC has hauled up Goldman Sachs in a legal suit for stoking flames of foreclosure crisis. The suit alleges that one of the globe’s jumbo hedge fund Paulson & Co had given to Goldman nearly $15 million for investing in mortgage backed securities. But Paulson was aware that the value of the sub-prime mortgages [...]

Foreclosure crisis has not reduced property tax bills. One of the many who were angry was Javier Hyland of Miami Dade County after receiving property tax bill. The county estimated the value of his apartment with an ocean view at $417,000. But he cannot fathom the house to be evaluated at anything above $400,000 after [...]

Wells Fargo is poised to repay bailout funds taken during the peak of the foreclosure triggered crisis. It is planning to sell new stock worth $10.4 billion so as to repay the government all of the funds ($25 billion) taken at the height of the financial mayhem last year. This was announced by this mega [...]

The post foreclosure crisis (presumed that the crisis is over) is seeing a limping recovery. As the fiscal year ends, economists are saying the unemployment rate is 8.4% and the prices of residential houses are negligibly up. The financial pillars of American economy consist of employment and real estate. Both are wobbly and will stay [...]

Anne Balcer Norton the head of the largest foreclosure prevention team in Baltimore – St. Ambrose Housing Aid Center has been occupying this seat since 2007 fall – just after the foreclosure crisis began to be felt. She said, “I naively came into this position without fully appreciating how big this crisis would become. It [...]