16 Oct
Posted by Julia Redstone as Foreclosures
With finances and real estate in shambles and the economy in recession the knock of the debt collector seems to have become a common fear. Unemployment and foreclosures are added causes. Even without these common external factors the debt collector might pop up at any home undergoing financial hardships. Hence it is imperative that the [...]
15 Oct
Posted by Julia Redstone as Finance
The US economy is on the recovery track. Factories are recruiting part-time workers to replenish depleted inventory. The housing sector is also seeing some positive changes what with sales of new homes increasing.
Now the Federal government is also taking some steps to put the economy on the recovery track. US Treasury Secretary Tim Geithner and [...]
In some regions across USA August indicated signs of a limping recovery. In these places unemployment rates dipped slightly and so too did foreclosures according to Associated Press. It reported its monthly findings of economic stress carried out on over 3,100 USA counties.
On an average the score fell modestly and less number of counties came [...]
Unless the housing sector improves the economic health will not return to sustainable levels. But housing recovery is seriously hampered by severe dearth of credit. Nearly two out of three builders of single family residential houses are complaining that lack of loans is putting at risk the fragile recovery that has just started to inch [...]
09 Oct
Posted by Julia Redstone as Finance
Although the economy has started to inch upwards it is still fragile. This prompted the Federal Reserve to keep running the emergency operations so as to keep the spending and borrowing schedules undisturbed. But later they will have to rein in the plans that had been launched to keep down the mortgage rates and encourage [...]
08 Oct
Posted by Julia Redstone as Real Estate foreclosure
Real estate is now crowded with lists of more derelict buildings falling apart. The orders are either to demolish or to repair these units. The houses in their present condition are unlivable.
Seven properties in Fond City have so far been served such notices. Another order is about to be dispatched said chief building inspector Guy [...]
07 Oct
Posted by Julia Redstone as Foreclosures
It is a common notion that most home buyers have. They believe property values escalate over time. Hence investment in homes is definitely a profitable one, most believe. However, the notion has been turned on its head what with property values dipping for a while now. In some regions, homes are selling at prices which [...]
06 Oct
Posted by Julia Redstone as Foreclosed Homes
The American economy is on a downswing. Many regions in the US are riddled with foreclosed homes. Some of these homes are in a state of disrepair. Their values have plunged. The Marshals Service is revamping some of these homes and helping generate interest about these properties.
A case in point is the [...]
Regulators have shut down Atlanta based bank in Georgia – it being the 95th bank to suffer this fate in the current year. In the forthcoming months more banks are expected to suffer the same fate as defaults are increasing in the commercial mortgage sector. These bank failures could put at risk the insurance deposit [...]
The Securities and Exchange Commission (SEC) charged Bank of America for lying to its investors when seeking their approval to complete its acquisition of Merrill Lynch for $50 billion in 2008.
Documents sent to share holders of Bank of America stated that the executives of Merrill Lynch would not get bonuses they usually receive at the [...]
