Posts Tagged ‘Foreclosures’

Articles about Foreclosures

Nevada and Florida hit the hardest by foreclosure crisis.

Nevada and Florida Hit the Hardest by Foreclosure Crisis

The states where the foreclosures are the highest are also the regions with biggest number of voters. Both parties will spend a lot of money in the general elections next year. These people are targeted for the refinance option. If it succeeds then the President could reap good rewards – crucial for his re-election.

Exiting from foreclosed houses is the beginning of bigger troubles.

The Exiting from Foreclosed Houses is the Beginning of Bigger Troubles

A closer look should focus on what happens to those who exit with their families from the foreclosed houses. Researches think that mortgage counseling should be accompanied by social advising. Also the government should be more proactive to help the struggling house owners so as to prevent further harm.

Troubled homeowners and lenders team up to save the dream.

Troubled Homeowners and Lenders Team Up to Save the Dream

NACA has sponsored an event in Hartford where face to face meetings would be held between the troubled borrowers, lenders and servicers. The target was to bring under control the persisting foreclosure problem plaguing Connecticut. It is anticipated that 5,000 borrowers will participate.

Mitt Romney says foreclosures should be allowed to run its course.

Mitt Romney Says Foreclosures Should Be Allowed to Run its Course

Not all in Nevada with the comments of Republican Romney about allow foreclosures to reach the bottom. He has been criticized for thinking that houses are only investments and not homes where people stay. Romney was speaking about Nevada– one of the worst hit states.

The sick job market and economic troubles.

The Sick Job Market can Be Taken to Both the Symptom and the Cause of the Economic Troubles

The job market is both the symptom and the cause of the weak economy. Unless it recovers the health of the economy will not return. There are signs of continuation of job crisis as well as foreclosures. It has led to reduction of government revenue, cuts in services, stagnation of wages, underemployment and loss of businesses among other effects.

Foreclosures show no signs of respite.

Foreclosures Show no Signs of Respite

Despite a pause in 2010, foreclosures are once more making a comeback. Brown County is one of the regions suffering without respite. Many opine that the pause was temporary following the exposure of the robo-signing scandal. Experts think that unless the employment situation improves the trouble will continue.

Residents have become used to seeing bulldozers pulling down foreclosed structures.

Residents of Cleveland Have Become Used to Seeing Bulldozers Pulling Down Foreclosed Structures

Since the last two years with the passage of a law Cleveland land-bank has been working with banks in bulldozing vacant properties that are beyond salvage. The vacant plots are coming to various uses – community gardens, extensions to churches and expanded parking lots.

Federal Government increases funds to meet foreclosure challenge.

Federal Government Increases Funds to Meet the Increasing Foreclosure Challenge

It is a case of clash of the titans – while the number of foreclosures is increasing daily, the federal government have been raising funds in order to meet the challenge foreclosures present.  On the other hand, the housing officials in Salinas are eyeing a larger share of money in order to repair and resell [...]

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