Articles about Foreclosure Crisis
As part of taking corrective action on the foreclosure problem plaguing the State and for collecting tangible evidence from the Mortgaging companies indulging in malpractices, officials served subpoenas on these companies yesterday. The non-cooperative attitude of the mortgage lenders in sorting out the problem loans, rather than subjecting the properties under foreclosure, as envisaged by [...]
Kansas is reeling under foreclosures causing state officials and even the Attorney General Morrison to sit up. There has been 29% rise in August as compared to the same month in 2006. It is the same across the entire country with local variations. Morrison initiated the founding of a task force consisting of 15 members [...]
Everybody has heard about it. The Congress will plug the sub-prime crisis. The Democrats are in the forefront. But their medicine of shuffling taxes seems to take it off the shoulders of one group and putting it on those who are in the clear as regards payment of mortgage dues. Today a foreclosure sale is [...]
Once upon a time it was taken for granted that real estate prices would go up. But reality proved to be contrary. Sellers are being forced to drop prices even at a heavy loss if the unit was bought in 2005 or 2006. The housing bubble, which had been getting bloated since 2002, has suddenly [...]
If President Bush has his way then the residents of Las Vegas victimized by the foreclosure crisis will heave a sigh of relief. The President does not think it is a bail out operation to help lenders and speculators but is meant to help borrowers who are in the soup worried about the roof above [...]
The foreclosure floods have not been able drown Central Texas according to reliable tracking sources. Two metropolitan areas and nine counties had been surveyed. Except for Bastrop County all the other showed a decline in listings as compared to last year. In Hays County and Williamson County the drop was by 22%. Comal County, Guadalupe [...]
