It’s indeed a very critical situation in the US. The current economic downturn has been a severe one. Unemployment is at its peak and people have been losing jobs very quickly. Besides mass unemployment, he foreclosure rate has been very high. Last February, the federal government came up with a scheme to help troubled homeowners. [...]

Ever since the exploding of theforeclosure crisis in America, Dubai has been sailing downward. But the recent trouble in Dubai is making interested parties uncomfortable. The Dubai Strategic Plan envisages a growth averaging 11% annually right up till 2015. In the first week of November, Sheikh Mohammed bin Rashid al-Maktoum, the ruler and prime minister [...]

The aim of the Obama government to ease the foreclosure crisis is to standardize and expedite the short sale plan. For troubled borrowers who fail to modify their house loans they can take the help of the government’s plan regarding short sale. It is scheduled to kick off within few months. The plan was sketched [...]

Despite sales ticking up following the fall in prices the recovery of the real estate sector is proving to be tardy – long and lengthy. In Berkshire the situation is particularly challenging although the government has extended and expanded the tax credit benefits. The real estate pundits of the locality forecast is that albeit the [...]

With the American economy on a tailspin, unemployment is rising thick and fast. As people lose jobs, they are finding it difficult to make mortgage payments. Hence, foreclosures are at an all-time high. While initially, it was the subprime mortgage that had sent the market crashing now unemployment is the primary factor. As people lose [...]

Why should one need to own a house when only in 2008, millions faced foreclosure and another 15 million are sitting on loans that are worth more than the plummeted value of their homes? There is no doubt that the bloom on the house ownership rose has faded and the petals are falling with the [...]

Consumers trying to understand the bailout of Fannie Mae and Freddie Mac involving billions of dollars are confused. Even those with a minimum amount of knowledge about the matter know that the dollars have come from the pockets of the tax payers. But why this happened continues to remain a mystery. Nicole Middendorf of Strategic [...]

At the core of the Great Recession is the foreclosure crisis. The usual line of thinking is to blame the banks for giving the nod to risky loans and for the borrowers who overreached themselves and started living in houses they could ill afford from the very beginning. An article in Vanity Fair refers to [...]