Archive for the ‘Foreclosure’ Category

Foreclosures are compelling America and Americans to sell pieces of its land to outsiders. A new type of land grabbing has started. Till now foreign money has focused on buying iconic buildings – Barney’s New York, Chrysler Building etc. But now steps are ahead in scooping up millions of foreclosed houses [...]

U.S. Treasury Secretary Henry Paulson is confident about the success of the measures taken to resolve the foreclosure crisis and also of bonding closer ties with China. The foreclosure related financial crisis has brought into focus that America has become indebted to China and that China relies on American consumers to [...]

Foreclosures and court auctions are likely to peak in Lake and Geauga Counties if the current trend continues. Lynne L. Mazeika of Lake County court said, “ I’m under the impression that this will be a peak year, a few more foreclosures than year, but then getting better.” She made the [...]

With a staggering rise of 49% in foreclosures in Patterson it ranks second highest in the state. The Housing Authority of the city has hired Thomas Margiotta as a full time employee to stem the tide and help the people to stay on in their houses without surrendering to foreclosures. Paterson Housing [...]

At the time of jubilation when Barack Obama came to be declared the victor there was a hardly discernible frown on his face as he took to the podium. It was as if he became suddenly aware of the enormities ahead. With foreclosures closing in on the economy the nation is now [...]

Foreclosures have adversely affected real estate in the Park City, Utah, but to a lesser degree than elsewhere in the country. Although the autumn quarterly report of the Park City Board of Realtors (PCBOR), released last week, confirmed the decline in property prices and sales, according to Tyler Richardson, PCBOR President, [...]

The symptoms of the American foreclosure crisis seem to have infected other countries of the world. In many places across the globe land speculation and over valuation of property have been rampant.

David Segrest was speaking about the reasons for the foreclosure crisis in USA. Segrest of National Association of Realtors gives lectures [...]

With foreclosures increasing Prince William’s fiscal budget is being negatively impacted. The federal bail out spells hope but the negative side weighs heavily with shortfall for projects that will delay all upcoming plans.

However there are silver linings to the foreclosure clouds. The housing market is beginning to look up with the [...]

JP Morgan Chase & Co is the biggest bank in America as regards market value. It announced that it would not foreclose on any of its clients. It will reduce interest rates. This dictum will apply for the next 90 days thus giving time to all to sort out matters. Involved in [...]

The next USA president’s first priority will be the addressing of the foreclosure related problem. The Americans have high expectations from the next President with foreclosures, unemployment and inflation high on the agenda. After the tickertape welcome and brouhaha Mr. President will be entering office at a time that is fragile and fraught with difficulties.
The [...]