10 Mar
Posted by Julia Redstone as Foreclosure
It is the poorer section of society that is most vulnerable to evictions but they cannot fight foreclosures due to lack of legal assistance. Fortunately recently this problem has been addressed by the Congress. Legal Servicers Corporation would be reauthorized and given more teeth.
It is a body that disburses federal funds to non-profit groups [...]
09 Mar
Posted by Julia Redstone as Commercial foreclosure, Foreclosure
CRE or commercial real estates running into foreclosures are translating into bargain investment options. According to AlixPartners LLP investment opportunities would increase so much as to mime the intoxicating days of the first years of the 90s.
Dennis Yeskey of AlixPartners said “Of course, commercial real estate fundamentals are still far from good, but I’ve never [...]
01 Mar
Posted by Julia Redstone as Foreclosure
“A New Era of Responsibility”—President Barack Obama’s budget for 2011 has been announced. “Let’s invest in our people without leaving them a mountain of debt,” the president stated in his State of Union Address. “Let’s meet our responsibility to the citizens who sent us here.” It may be tempting to assume that a balanced budget [...]
26 Feb
Posted by Julia Redstone as Foreclosure
Potential tenants planning to rent a house that is undergoing foreclosures should think twice and not become a fool by rushing into it. The lenders of course cannot kick out the tenants as they have to respect the terms of the lease agreement. But that does not exclude the chances that toughs would stop from [...]
23 Feb
Posted by Julia Redstone as Foreclosure
People who are wondering whether to invest in real estate should think twice. There are some foreclosure deals happening in commercial real estate. There are many real estate properties that have been foreclosed by banks. The banks have not sold them yet but are instead leasing the properties.
Take, for instance, David Hogan. The vice president [...]
03 Feb
Posted by Julia Redstone as Foreclosure
Despite differences in opinion a poll shows that the majority of Americans agree that although 2009 had been bad, it is going to better in 2010. Three fourths are sure that 2009 was a bad period for USA marked by unemployment, foreclosures and ailing economy. 42% said it was “very bad” according to recent AP-GfK [...]
Here is an interesting trend. Most regions in the US witnessed foreclosures last year except for New Jersey and Pennsylvania. According to RealtyTrac, at least one out of 45 houses was foreclosed, making the total percentage 2.21 per cent.
In fact, foreclosure notices went up from1.03 per cent in ’07 to 1.84 per cent in ’08. [...]
The Treasury Department has acknowledged that the Obama government’s plan to help at least 50 per cent of homeowners is yet to be launched. It may be pointed out here that the Federal government, in an effort to stem foreclosures, has come up with the Making Home Affordable Program.
As part of this program, loans [...]
15 Jan
Posted by Julia Redstone as Foreclosure
One of the developers in Tampa is 52 year old Larry Pioli who lives in the swank area of New Tampa’s Grand Hampton. He has been in this line for a good number of years and has personally invested in three properties. Two have slipped into foreclosure. Pioli has been pointing the finger at others [...]
13 Jan
Posted by Julia Redstone as Foreclosure
The ten years of the first decade of the 21st century (2000 to 2009) has been stained by a series of investment bubbles. It kicked off with the dot.com bubble and came to a close with foreclosures and oil dominating the decade. It looks like the first year of the next decade will be the [...]
