Looking at it from all angles it seems that the GDP is confusing us. The number of unemployed has nearly doubled during the previous two years. Unemployment has never been so severe since the time of the Great Depression.
Foreclosures have swallowed up millions of homes. Many more have forfeited their savings as well as [...]
There is no need to shed tears for them – the rich who are losing their fancy houses are walking away intentionally saying adieu to their wine cellars. The housing crisis started off picking the working class in far away sub-divisions but it quickly advanced its tentacles towards the middle class in the suburbs and [...]
Not too long ago it was taken for granted that unemployment benefits that generally come to an end after 26 weeks would be extended if unemployment persisted. The general opinion was that it was the right thing to be done. But today things have changed. The workers in America are facing the worst employment crisis [...]
There has been a slow and steady increase in the number of factory jobs since the start of 2010 giving a gentle push to the delicate recovery. There were over 2 million who had been pushed out of their jobs towards the close of 2007. The employers can now pick and choose those whom they [...]
The screening policy for renters will be undertaken by new laws of Florida State. The number of tenants began to increase in The Lakes of Boca Raton when the economy started to tumble. Boca Raton is the only zip code that did not have functioning screening policy for tenants. The owners could let out to [...]
There are a minimum of five reasons why popular foreign investors will give preference to Florida – all that is required is proper handling. These are the findings of a study conducted by a pan American realtor’s organization. 4% of the total sale of residential houses last year involved non-resident investors from outside and a [...]
Wealth counts – it is that which ultimately matters in whatever form, either today or tomorrow. A natural calamity can happen any moment. The oil leak is just a reminder that there are other woes that can suddenly descend – hurricanes, wild fires, floods and you name it. Even the housing crisis is a catastrophe [...]
To prevent the miming of another dangerous financial mayhem, Obama government together with the Congress have fashioned a new law that runs into thousand pages. It deals with every noon and corner of the banking sector.
There was one basic fundamental cause to the meltdown of the financial system – the reason being known by all. [...]
With each passing day it is becoming more difficult for the majority of Americans to convince themselves that the glass is half full of water; they now tend to see it as half empty. This is what the opinion polls read and that means bad news for the Democrats and the Obama team.
There is oil [...]
01 Jul
Posted by Julia Redstone as Foreclosure
The threat posed by Fannie Mae regarding penalizing those who walk away from their mortgages might not be enforceable according to analysts. The mega mortgage firm announced recently that it would take legal action against those who can afford to pay mortgage dues but because of the value of the property being now less than [...]
