Real Estate Foreclosure Blog
Winnetka has finally come under the gloom of foreclosures replete in all its fury with shadow inventories. One family exited from their foreclosed house and four days later a For Sale sign appeared. Their story reads like a novel dotted with black spots but with a miraculous happy ending.
The family comprised [...]
Wall Street is far from happy with the political speeches pouring out of Washington. It is now making use of the right granted to it by the Supreme Court ruling while talking about money. It is going to shift more of the dollars towards the Republicans. But this poses the gains of what are the [...]
Buying foreclosed units is not an easy but a tough job. A couple made a price offer on a house just prior to its foreclosure but it was refused. The offer was not acceptable to clear the dues of the total number of lien holders. The question being posed is would the [...]
According to a survey conducted by Homes & Land the majority of the realtors think that HAMP is not containing foreclosures. Only 10% think otherwise. The firm is based in Tallahassee in Florida. Thousands of realtors were asked for their opinion about the local market conditions and the results of this [...]
The foreclosure crisis is moving along. Initially it was the sub-prime borrowers but now it is reaching out to catch the prime borrowers too. Against this scenario the lives of the poorest in USA continue to be devastated by the ongoing crisis. This group comprises of the tenants living in neighbourhoods where most of the [...]
Lessons can be learnt from the Greek crisis to find an answer to the question as to what policy Washington should follow – austerity or taxes? Should the rich European countries condone the “profligacy” of Greece and bail it out. If Germany does this –other countries too would be encouraged to incur huge fiscal deficit [...]
Mistrust returned to the politics of America during the early months of 2009 when the opposition to Obama made the extreme among the conservationist start off its Tea Party type of protests. This attitude was dubbed as “paranoid style in American Politics” by historian Richard Hofstadter in 1960. He was moved by the rhetoric of [...]
There are a bundle of problems for America – national debt, deficits, bank speculations and downing shutters on monetization. Those walking in the corridors say something and do something else.
The credit crisis did not happen out of the blue – it was meant and planned to happen in this manner. It is difficult to swallow [...]
Real Estate Foreclosure Blog