One in seven houses are now affected
The spread of homes continues to widen
America is a long way from ironing out the problem.
Latest figures released by the Mortgage Bankers Association have revealed that approximately 1 out of every 7 American homes were somewhere between past due and final foreclosure by the …
Washington and the big lending banks are forever debating
Each side says it’s the other one that’s holding things up
Are they simply fiddling while Rome burns?
Some circles in America are becoming tired of the ongoing bickering between Washington and leading mortgage banks regarding the direction that HAMP should be taking, especially …
A good location
No hidden surprises
A stable economic environment
A prospective buyer should beware of rash decisions. Not all foreclosed homes are bargains or even good buys at all. Its not just good enough to buy something cheap – is the roof good, are the plans approved, and, moreover, is it a …
Some say that a non-judicial solution is essential
True, it will help move the cases on at Courts
But, what happens when the lawyers get it wrong?
With the rate of judicial foreclosures continuing to ramp up, Judges across the length and breadth of the Florida are getting bogged down in what are …
Sales of foreclosed houses are on the increase
Banks are taking the gap left by expired moratoria
The slump is set to continue for a few more years still
Latest statistics available for the first quarter of 2010 indicate that, while the number of new foreclosures could be reducing, business in existing foreclosures …
New York State Attorney General takes on the crooks
The publicity generates more complaints
How bad is the situation really?
Given the flocks of vultures landing on the roofs of underwater American citizens facing foreclosure, it’s good to know that a few knights in armor are still around. One such crusader for justice …
Dodd-Frank proposals before Congress this week
The mortgage supply industry is complaining
The Senate vote will be tight too
This week the Democrats are hoping to obtain Congressional approval of their Dodd-Frank financial / regulatory package that they’re hoping will help protect citizens from dodgy and complicated mortgage loans in the future. There …
As a Florida Judge moves to force foreclosure mediation …
The banks complain even though this will save them money and time
And affected neighbors hope for improvements too
Clearwater and Pinellas Counties, Florida are entering a different kind of judicial review next week. That’s because Pinellas, Pasco Judge J Thomas McGrady has …
Cheers for a consumer protection bureau; boos for a car dealer exemption.
How well are Campbell’s, McDonald’s and others handling product recalls?