Real Estate Foreclosure Blog
Property value has been tumbling fast, gnawing into the wealth of USA and hampering recovery in the quarter ending September. It is apprehended that prices will continue to fall and this will give a big blow to the economy that is just crawling towards recovery. House owners by the millions experienced the bitter blow of [...]
Obama has suspended all debates and come to an bipartisan agreement by which the Bush tax rebates have been extended to all for a year together with unemployment benefits. He plans to make a comprehensive reform during that one year. The plan would be along the lines of the reform plan of 1986 with all [...]
It seems probable that the officials had taken a decision not to help out Lehman Brothers. This was the conclusion drawn by the panel head, conducting investigations into the crisis. The regulator’s view was that that they did not have the legal stamp to assist. This has come under challenge. The previous chairman of Lehman [...]
With each passing year banks are gobbling up houses one after another. It is difficult to understand why the financial entities are giving preference to foreclosures over short sales or modification of loans. It seems that supplying financial assistance to the lenders has actually led to subsidizing and even giving incentives to foreclosures. Like the [...]
It is the people more than the administration that builds up the urbanscape, beautifies the cities and make it habitable. But the obverse is also true – when the people move out the cities crumble. During the 60’s New York’s Upper West Side was fast declining riddled with crime and drugs? Yet some saw opportunities [...]
It is the end of the story – Ashton Hill apartments in Roanoke off Shenandoah Avenue and Peters Creek Road are facing demolition. The land has been sold. The weather has been tough for the apartments – dangerous fires, two foreclosures, many changes of name all laced with the use and misuse of facilities by [...]
The beginnings of the financial mayhem have been brilliantly captured in a book named “All the Devils Are Here: The Hidden History of the Financial Crisis” by two noted journalists, Bethany McLean and Joe Nocera. Apart from glancing backward it explains the phenomenon that has of late been the most disturbing for America and the [...]
Ten years previously Japan had become a symbol of economic policies that had failed. Many years following the bursting of its real estate bubble it is still under the grips of deflation and tardy growth. After this time America developed its own bubble followed by its bursting and crisis. Thus through the eyes of America [...]
Real Estate Foreclosure Blog