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 [...]
06 Jan
Posted by Julia Redstone as Foreclosure
The economic climate is bad. Homeowners are still guessing about how low the price of their houses would fall.
According to Zillow that tracks the real estate market online, last summer it was observed that those who had bought houses two years previously, when the markets had reached their peak, had the highest numbers of [...]
Honolulu is witnessing the worst downturn ever. Families have been forced to leave their homes. Faith Action for Community Equity has recently organized a meeting with Mayor Mufi Hannemann to address the problem plaguing Americans. The proposed River Street Transitional Shelter is a pointer to the problems plaguing the city. The problem shows that the [...]
The middle class in America have been left neglected with very little assistance in these tough times.
One of the affected is Doris Stauble. During family dinners in their 3 bed roomed house in Dracut, the most popular item on the menu was her meat pies. In summer she went on camping trips with her husband [...]
09 Dec
Posted by Julia Redstone as Foreclosure
Norman J. Radow has been in the front line of the battle raging over residential deals that have failed. People are shouting at him, suing him and even punching him physically. It is his work that is bringing out the anger in many.
Radow is the founder of Radco Development Solutions. Banks are engaging him to [...]
Washington earmarked $550 million as housing help for the military staff – it being included in the stimulus funds.
Lt. Mark Michel of the Navy is one of them who should have benefited. He had to give up his house in South Florida in the wake of the collapsing real estate market when he was transferred [...]
30 Oct
Posted by Julia Redstone as Foreclosure
The foreclosure problem was tackled with the initiation of the stimulus package. It helped the teachers and the workers. The biggest winners are expected to be the school teachers of public schools when the different states will disclose how many jobs were made or saved following the debut of Obama’s stimulus measure involving $787 billion.
The [...]
