Real Estate Foreclosure Blog
The home market in South California showed signs of recovery. The average sales prices of homes as well as home sales have improved from last year’s figures. Buyers scurried to take advantage of tax credit, plunging interest rates and cheap prices of foreclosed homes. In fact, the average price of homes increased by 14 per [...]
Sarah Bloom Raskin the financial regulator of Maryland has got the nomination for the Federal job in the Reserve Board. She has always taken a deep interest in the impact of the economy on day to day life. Her impetus has kept the people of Maryland from being subjected to scams, being foreclosed upon or [...]
The crisis of the national or sovereign debt is staggering in America. Looking askance at the crisis of this debt in Greece there is a strong opinion gaining ground among the conservatives to reduce its size in both developed and developing countries of the world. The latest to sign to this appeal is Dominique Strauss-Kahn [...]
The prospects of the economy at last brighten. However, that does not spell good news for the consumers. They are now facing a new burden of increasing interest rates. Experts say the rising rates are inevitable, as the nation’s debt balloons beyond proportion. There are renewed prospects of inflation as the economy flounders slowly on [...]
The residents of Colorado are throwing a challenge at Wall Street. They are tired of being steamrolled by Wall Street and are giving expression to their feelings by bringing out into the open the greed and irresponsible behaviour of Wall Street that jeopardized the lives of those on Main Street – being subjected to the [...]
In some instances debts may chase borrowers ever after foreclosure and loss of home. One of the victims is Jorge, a construction worker. Eleven days after having lost his house to foreclosure he got a threatening letter saying that he continued to be in debt for $78,000 on the second loan he took. The second [...]
The fight for health care reforms has taught Obama that he must be more assertive. It is this new attitude that will make him flex his muscles when tackling financial regulatory reforms. He is determined to strengthen financial regulations. His role is now more visible. Recently he has been thrusting harder for this measure by [...]
The recession has cost America nearly 8.4 million jobs. The politicians and media are making only a lot of noise. None was getting to the root of the problem – structural defects. There are good reasons for skirting the main point because to remedy it would require a heavy hand. Meanwhile there is an alarming [...]
Real Estate Foreclosure Blog