15 Mar
Posted by Julia Redstone as Foreclosures
A survey taken recently shows that there are strong cheers for the housing initiatives taken by the federal government. About 68% said the government should not discontinue with its support and 65% are of the opinion that more should be done to prevent families from losing their houses.
House owners together with renters were included in [...]
25 Feb
Posted by Julia Redstone as Foreclosures
A recent report issued by the Health and Human Services show that a number of insurers have resorted to steep insurance premium rate hikes.
Private health companies can only run if both groups of persons buy insurances – the sick as well as the healthy.
But with premiums having gone up, many of the healthy [...]
22 Feb
Posted by Julia Redstone as Foreclosures
The measure backed by the bank to expedite foreclosure cases has led to the Democrats agitatedly fighting back to restore the rights of the borrowers in the Legislature.
State Senator Dave Aronberg together with Rep. Darren Soto are thinking of introducing a “Foreclosure Bill of Rights” opposing a measure that has yet to be enforced.
The [...]
15 Feb
Posted by Julia Redstone as Foreclosures
A latest RealtyTrac report says that the number of foreclosures had hit an all-time high in 2009. About 3,957,643 foreclosures that included default notices besides bank repossessions were noted in 2,824,674 homes. That meant an increase of 21 per cent from ’08 and a 120 per cent increase from that of ’07.
According to the report, [...]
10 Feb
Posted by Julia Redstone as Foreclosures
In the recent recession America has seen 8.4 million jobs vanish – most of them having gone permanently. The politicians are taking advantage of this to make loud noises without anyone disclosing the truth.
It is useless to talk about financial recovery without solving unemployment. There are structural problems connected with unemployment.
To contain the [...]
The residential foreclosure rate in New Jersey increased 29 per cent in ’09 as compared to ’08. Statistics reveal that a South Jersey county has been hit the hardest. The counties that are witnessing very high number of foreclosures are Bergen, Atlantic and Sussex.
Meanwhile foreclosures of commercial properties have also been increasing. They are up [...]
01 Feb
Posted by Julia Redstone as Foreclosures
Wall Street ‘fat cats’ are prowling around cockily while the country remains caught in the net of foreclosures and unemployment. Lloyd Blankfein the king of Goldman Sachs shrugged off the crticism levelled against the financial operations saying that he was merely a banker “doing God’s work.”
Analysts are now calculating that from the profits raked [...]
05 Jan
Posted by Julia Redstone as Foreclosures
A group of activists tried to contact bank officials but when the latter refused to accept the calls their answer was to barrage their gardens with bullhorns together with plastic sharks numbering thousands.
It worked! A nondescript group in Cleveland has now assisted about 12,774 borrowers to ward off foreclosure from 2005. It has stopped [...]
10 Dec
Posted by Julia Redstone as Foreclosures
Non-profit bodies lauded the government for cracking down sternly on lenders and servicers. The government has speeded up efforts to assist the borrowers in avoiding foreclosures. On Monday 30th Nov it kicked off a measure termed – Mortgage Modification Conversion Drive.
On a national scale this measure is trying assist the homeowners from converting the status [...]
30 Nov
Posted by Julia Redstone as Foreclosures
The important point in analyzing the housing crisis is the proportion between loan and value. Generally the sub-prime loans are held to be the prime culprits for having caused the crisis but a good number of pundits have juggled around with the numbers to come to a different conclusion. They contend that the [...]
