Real Estate Foreclosure Blog
With each passing day the vision becomes clearer as experts look back in time as to the tumultuous events of 2008 September. The picture that emerges is eerie and uncanny. Bear Sterns was bailed but Lehman Brothers was allowed to fall. The stock markets spun down causing fireworks in the global economy. But coming back [...]
Never have been the residents of California overwhelmed by such a cloud of gloom as they mull over their present and the future economic condition. This was the reading from a recent Field Poll. It was conducted from 14th September to 21st September and highlights the deep seated worry of the Californians. The people of [...]
At Ocoee on Plumberry Avenue family members illegally living in a foreclosed house were arrested. The adults were charged with child abuse, burglary and damaging of property worth over $1,000. Charges were brought regarding cruelty to animals and utility thefts. The three minor children were sent to live with a relation. There were two other [...]
The mortgage crisis has scorched many types of properties. Foreclosure has not spared winery. One of them in foreclosure is Elliston Vineyard – a piece of history. Its land together with mansion and buildings has been foreclosed upon. The winery of Suno continues to run on the estate despite this. It will be hosting wine [...]
There are increasing worries that defective mortgage documents may lead to a spawning of legal suits targeting the banks. Right now it does not seem likely that another financial crisis will erupt – but it cannot be totally ruled out. The question being posed is whether the banking system that still has not recovered from [...]
According to latest figures rolling in on unemployment, the rate as regards women continues to remain stable. With recovery the trend may be of women dominating the employment scene. Unemployment and foreclosure are directly related. During the recession the women were not as badly battered as the men. In male dominated segments of the industry [...]
The admissions of lenders to defects in submission of foreclosure documents have suddenly brought the spotlight on to the title insurance companies. Lenders advancing mortgage loans make it mandatory that the borrower spends a good amount of money on title insurance. The latter searches through documents relating to the specific property to find out if [...]
The question about the pros and cons of allowing Lehman to fall continues to haunt analysts. What would have happened last year if Washington had included Lehman in its bail out programme? None can find a suitable answer. Perhaps things would not have been quite so bad if Lehman had been saved. Perhaps the stress [...]
Real Estate Foreclosure Blog