Real Estate Foreclosure Blog
Not all the banks are hated by the public – there are many loved by the people. One such bank that was a favourite was Park National Bank in Maywood suburbs of Chicago, run by Michael E. Kelly. He used bank funds to buy foreclosed houses, repair them and sell them at cost [...]
In decades such deep slices had never been carved out the budget as the ones announced by the Mayor of Los Angeles recently. The deficit is a staggering $485 million. It will require downsizing to levels the city has not experienced since the last thirty years. The step would fill in [...]
Since FEMA grants are insufficient, flood victims are looking for other options. The house of Michael Krieger in Rockvale is less prone to flooding – noted the Federal Government. But only two weeks previously it was drowned under water 3 feet high. Krieger’s family comprises of his wife and three children. [...]
Michael A. Scott has been termed a ‘vexatious litigant’ by the court for his persistence in bringing court cases one after another trying to expose what he feels to be injustices.
A man of modest size with polite manners and a scholarly appearance he handles his own cases. He pens the plaint and [...]
The top brass of Goldman Sachs admitted before everybody – the Congress and the listening world that they had betted against USA. They generated financial tools that was to them manure to enable them and their customers to place mega bets on housing and mortgages.
The winners raked in hefty profits although the [...]
Flint can be counted among the poorest regions in America but the city is taking chances and advancing loans to small business entrepreneurs. The hope of injecting life into gasping economy is spurring the city to go ahead with these plans.
Since 1998, millions of dollars have been given out as loans. More [...]
The CEO of Moody’s, Raymond McDaniel has admitted that the erroneous ratings of the investments connected with mortgaged houses led to deep disappointments. He warned that in future the investors should not depend on the ratings while trading in securities. He said, “Moody’s is certainly not satisfied with the performance of [...]
The primary problem America is facing today is unemployment. The reports coming through are grim. It led to the tanking of the Stock Market. In May the private sector generated 41,000 jobs – something quite dismal. The government engaged 411,000 workers to assist in the census programme – all temporary jobs [...]
Real Estate Foreclosure Blog