Freddie Mac has over 1.5 million homes for sale at any one time. These are obtained as a result of the previous buyers defaulting in the loans. In April last year, they were planning to sell of 300 homes in Southern California and Las Vegas. The quick sale would allow buyers to receive an $8000 [...]

There are many passionately nursing the hope that property value will recover in California with the magic touch of a miracle. Late night information broadcast over the television is adding to this belief matched by willful thinking. But instead of calculating the macro trends of the economy the limited local data is used that fails [...]

Legal firms under the lead of United Law Group joined hands in firm handshakes with 30 other prominent legal companies to from Crisis Commission on Homeowner Representation. United Law Group is one of the leading law firms with branches across the country – Arizona, California, Florida, Nevada, New York and Ohio. It has licensed attorneys [...]

Jobs in the banking sector have gone down by 22% in Georgia since 2007. The turbulent banking segment has been contracted by nearly one fourth since the crisis started two years previously. Full time employee numbers in the banks based at Georgia have dropped by 22%. It has dropped to 49,000 on 30th June this [...]

The situation is indeed a tricky one. As the American economy goes through one of its deepest recessions and unemployment rises, foreclosures have become very common. Now the question that arises is will a resident default on his mortgage payment if he had the option of making the monthly payment? According to research conducted by [...]

Across USA legal action is being initiated against consultants falsely cheating those seeking help to avoid foreclosures. So far 189 suits have been filed. The Federal Trade Commission’s chairperson Jon Leibowitz and the Attorney General of California Edmund G. Brown announced that these steps were part of a national move against false consultants covering 18 [...]

According to the Monitor Bank Rates Website, when home sales were increasing by double digits and practically anyone could get a mortgage without trouble. There was literally a shortage of foreclosure properties from which to choose. Today that is no longer the case, especially in California, Florida and Texas where there is a large amount [...]

There are many living in foreclosed houses but when the mother of Octuplets is doing so, it draws attention. Nadya Suleman is being referred to as Octomom when she gave birth to eight babies simultaneously. She is a 33-year-old mother supporting her six other children on food stamps, educational loans and disability handouts. She is [...]