Real Estate Foreclosure Blog
At the time of the real estate boom new investors managed to flip houses within few months raking in huge profits as the price of property went up by leaps and bounds. But today there are professionals carefully testing the waters before entering the fray. The homes up for sale are foreclosed ravages with holes [...]
The average citizen of America is 22 times richer than the average Chinese. But capital flows from China to USA and it is the savings of China that is fueling American consumption. To understand this anomaly one has to analyze the fact that it is finance and finance alone that drives the economy. The lurking [...]
Javier Hyland is one among the many homeowners who are angry with their current property bills sent by Miami-Dade County. The county evaluated his ocean-view apartment at $417,000 although Hyland knows that it is not a cent more than $400,000 today. To make matters more confused the county calculated his neighbour’s larger and better and [...]
There are an increasing number of homeowners who are upside down. They are abandoning their houses. The experts are forecasting a spike in these strategic defaults. It has caused concern about the recovery of the housing market. One of those caught in the drama is Wynn Block. She has been regular on her bills and [...]
It is the tiny drops that make the ocean. One by one foreclosures have triggered off the national financial crisis with global repercussions. In the reverse order financial health can be restored starting with the individual. The first thing is to weigh the assets against liabilities. The next step is to go about restoring the [...]
The Congress should set about seriously in modeling a green job stimulus programme taking the cue of Work Progress Administration introduced by the Roosevelt administration in 1935. It gave jobs to nearly 10 million people constructing, airports, schools, libraries as well as hospitals, water treatment plants, parks and bridges. Artists were engaged for mural painting [...]
One magazine pointed to the magical recovery of America sans any jobs. This poses the question about recovery itself. There is no supportive evidence to show that recovery is in progress. Last February was the 26th consecutive month that America dropped jobs. Below the surface the situation is scary. David Rosenberg detailed plenty of supportive [...]
The ordinary American is harassed beyond words – perhaps the job has vanished, the house too has gone or sunk underwater and yet friends and neighbours are full of stories about their visits to strange new places in the world. What will the man in the street do when on top of all this arrives [...]
Real Estate Foreclosure Blog