Real Estate Foreclosure Blog
Despite the recovery being weak in the aftermath of the worst ever recession, the sales of green products are picking up and the trend is growing. According to experts the shoppers, despite their slim purses, are willing to spend the extra buck to support the green movement. The products that are environmentally sustainable are termed [...]
Tiny loans are like small seeds that are sprouting big profit bearing fruits for the banks. Lately the idea has been gaining ground that small loans is the answer to improve the lot of the have-nots and the economy in general. Celebrity actors like Natalie Portman and Michael Douglas gave supported the cause of economist [...]
New legal suits have been filed by Baltimore and Memphis against Wells Fargo renewing charges of racist borrowing. It is alleged that the bank intentionally navigated the Blacks into toxic loans that led to foreclosures. This has resulted in the cities losing out on revenue. Moreover it has to spend extra amounts to see to [...]
There are many reasons why the man in the street in America prefers to keep clear of the stock market. One strong reason is that there is a general feeling that the fellows handling the stock trading are all crooks. Many think the whole thing is a scam to fleece the humble citizens who have [...]
The US economy is on the recovery mode. However, Federal Reserve Chairman Ben S. Bernanke, said that unemployment, foreclosures and lack of capital for the growth of small businesses are posing challenges. Ultimately, they could hinder economic growth. Bernanke said, “We are far from being out of the woods.” True, the crisis would be abated [...]
The country is facing a budget deficit of $1.3 million in the fiscal year 2011. To generate jobs the government has to resort to spending. The point is how did America reach this point of nearly falling off the cliff? When Bush took over in 2001 the budget had been surplus for the past three [...]
There is growing concern about the number of taxpayers wrongly using stimulus tax breaks running into thousands of citizens. Over $550 million erroneous tax benefits have been claimed for first time house buyers according to a report from government watchdog. This finding was one section of the report submitted by the Inspector General for Tax [...]
For the past one and a half year unemployment has been grabbing the headlines along with foreclosures – “National Unemployment Rate Increases to 10 percent,” “Real Estate Prices Continue Steep Decline” and “Foreclosure Rates at All-Time High.” The news is real and cannot be wished away; neither can one be optimistic about the future. But [...]
Real Estate Foreclosure Blog