The banks are most unhappy with a new plan by the new Obama government to set up new regulatory controls over financial bodies. There is a proposal to set up an agency whose only mission would be to see to the interests of consumers. But banks are ready to take on the challenge to prevent [...]

For the second time New York City failed to secure funds for tackling foreclosure blight. The Department of Community and Economic Development of the state dampened all hopes of the city to avail of millions to fight the menace. New York City was applying for funds coming through the Neighborhood Stabilization Program that had been [...]

In the world today the only thing that is a safe bet is that there are absolutely no safe bets in the financial world. For years people were told to invest in real estate. It was the one thing that rarely if ever lost value. Your home would increase in value and you would get [...]

  Vacant homes are a real blight on the skyline of the American neighborhood since the start of the current rash of foreclosures. It looks badly, attracts unsavory characters and actually brings down the price of real estate in the area because it can begin to quickly look like a ghetto when house after house [...]

Unless the lenders are persuaded to reduce payments foreclosure crisis will continue. But this seems to be more difficult a task than landing on Mars. Karina Montenegro has been trying to make this impossible become possible. Her job entails contacting lenders to pursue the matter of loan modification. She dials one of the big giants, [...]

These days there seems to be a lot of speculation as to what to invest, whether to invest in real estate or some other form of tangible, stocks bonds, mutual funds or what ever. In fact a lot of people don’t even know if it is worth investing in things at all. But the bottom [...]

Manuel Sanabria is determined not to be bogged down by life’s misfortunes. Once a Mariner in Iraq, the man returned to Florida only to find his home foreclosed and debt piling up. His home will soon be auctioned and he along with his wife will move to his mother-in-law’s home. Twenty five year old Sanabria [...]

Some 180 new laws were initiated in Nevada to tackle the foreclosure crisis. The kicking off date is 1st July 2009. Nevada ranks among the toppers in the foreclosure crisis. Connected with this many other new laws have surfaced. Those eateries and business houses that donate perishable food to the hungry will be given protection. [...]