Real Estate Foreclosure Blog
For those with an eye to opportunity foreclosed properties offer bargain deals. The price is affordable and low. Properties are foreclosed upon when the borrower fails to be current on mortgage payments. It is a legal process by which the lender realizes unpaid dues. The foreclosure ends up with a sale and if no buyer [...]
The debt of the Federal Government is far more than what appears in the account books. For instance although Fannie Mae and Freddie Mac have been taken over by the government, its huge losses on the mortgage backed securities have not been taken into account. This is just one instance of oversight. It has made [...]
Hank Paulson, previously of Goldman Sachs and later Treasury Secretary from the time of Bush in 2006 August has presided one of the most traumatic periods in the history of America – the financial disaster from 2007 to 2009. He has penned down his experiences and analysis in his book ‘On the Brink’. He was [...]
Like hundreds of other municipalities Clark County in Nevada is facing severe financial problems. The crunch in the budget has caused innumerable layoffs, service cuts and addition of many types of fees. In a scramble for revenue many changes are being made as regards penalties and fines relating to housing code violations. But this will [...]
Fannie and Freddie are crossing swords with Washington over energy saving loan programme Washington has earmarked $150 million from the stimulus funds for helping house owners to fix their residences with energy saving devices. The loan would be realized through them through tax benefits covering a period of 20 years. But Fannie Mae and Freddie [...]
The chairperson of the Federal Reserve Ben Bernanke has been asking the banks as well as the regulators to be more proactive towards small business concerns so that they can easily avail of loans – it being essential for the generation of jobs. Bernanke has also admitted that economists are disagreeing about the causes of [...]
The Federal Government wants implementation of an energy saving incentive plan that is coming up against opposition government agencies – Fannie Mae and Freddie Mac. The plans were to advance loans to house owners through local governments with money coming from the stimulus funds to enable the owners to retrofit their houses with latest energy [...]
The real estate crisis in the US has eased. The automotive industry has also come out of the slump. This is expected to reduce unemployment. The signs of revival of the economy are also apparent from the decreasing foreclosures. This has been revealed in a monthly review of economic stress in more than 3,000 counties. [...]
Real Estate Foreclosure Blog