A White House slogan echoes these sentiments about a strong middle class equating to a strong America. It reads, “A Strong Middle-Class = A Strong America.”
Recently Joe Biden the Vice President speaking at the Brookings Institution on the positon of the stimulus programme referred to many similar instances of the American Reinvestment and Recovery Act [...]
17 Dec
Posted by Julia Redstone as Finance
Recession is causing a population shift which in turn is helping in head count in Los Angeles, Chicago, Miami and New York. Fears about substantial decline in population figures for the 2010 census has now somewhat subsided.
Many minorities had migrated to the interior of USA looking for jobs they had lost, bigger spaces to live [...]
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 [...]
14 Dec
Posted by Julia Redstone as Foreclosed Homes
Foreclosed homes in Texas are the direct result of improper planning on the part of home owners in going for properties beyond their affordability, clubbed with the unforeseen downturn of US economy.
The dramatic change in Real Estate markets, which for decades have never seen a “Buyers’ Market”, was brought forth by the foreclosure [...]
The regular report from the Feds shows that the economy had shown modest gains although it continued to be sluggish and tepid. There were weak signs of revival as the banks continued to combat with slow loan demand. In the middle of it all the condition of the commercial real estate market fell.
The [...]
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 [...]
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 [...]
The American economy is yet to recover from the worst Recessions ever. With unemployment at an all-time high of 10%, people are unable to pay the mortgage amounts. In fact, 14% of homeowners in the US have fallen behind on payment of loans. This is a record high for ninth month in a row. That [...]
07 Dec
Posted by Julia Redstone as Finance
This time the year-end planning of taxes will require new strategies and has to be different from the lines followed previously. For a good number of people this year has meant loss of jobs or working for lesser pay. Many have lost their homes to foreclosure on top of unemployment. There have been stimulus [...]
