The most commonly given reasons for the foreclosure crisis is predatory peddling of sub-prime mortgages (ARMs) to gullible ignorant buyers. Those who contracted the mortgages are not above blame – they falsified their incomes, wrongly took the help of unscrupulous appraisers to raise the value of the houses being mortgaged ...
Despite countless relief measures taken at all levels – local, state and federal, the real estate market continues to go down. RealtyTrac of Irvine, California, said that the Stockton metropolitan region or San Joaquin County, has kept on to its hold as the first ranker in the dubious foreclosure race ...
The court foreclosure scenario is getting more and more interesting as foreclosure numbers pile up. There are the regulars who show up on the first Tuesday of every month in courts in metro Atlanta.
One of them is Trent Gaines who is a closing attorney by profession but ...
The Federal Reserves took yet another move to tackle foreclosures. The chairperson of the Federal Reserves, Ben Bernanke gave his assent to the lowering of the benchmark federal funds rate to 2%. It was a quarter percentage drop. At the start of the 2008 it was 4.25%. Dallas Fed president ...
Missouri State has a high rate of unemployment – 5.3% in February, making it the 9th lowest in the national ratings. Without jobs and pressed down by rising interest rates the people are unable to cope with mortgage commitments. The net result is the onward march of foreclosures.
The upward trend ...
