Developer, Kevin Azzouz is known for his efforts to improve upon MetroWest. It involves a budget of $400 million village centre with an Italian theme named Veranda Park. Today foreclosure clouds are darkening the skies over Veranda Park. There are grave financial doubts about the condos included in the project. Azzouz is facing four separate foreclosure [...] (read the full entry)
Governor Mike Easley has initiated plans persuading lawmakers of the state to compensate for the inaction of the federal government by coming forward with a measure that will help North Carolina foreclosure victims. More relaxation will be allowed for them to repay mortgage debts. Easley bluntly stated that they had all been expecting the federal [...] (read the full entry)
Consumer bank Wachovia is got embroiled in controversy and backed out from a programme. It was offering a mortgage payment alternative that would permit borrowers to pay an amount that is less than the bank’s interest charges. It was one of the choices customers had to pick from Pick-A-Payment mortgage bouquet. It spread out before [...] (read the full entry)
The ripple effect of foreclosures is telling all around. The city revenues have dropped, crime has increased and so too has homelessness. There are vacant properties everywhere according to a survey conducted by the local elected officials. Two thirds of the latter reported to the National League of Cities that since the previous year all [...] (read the full entry)
There was an anti-foreclosure demonstration by a group comprising of about 40 persons. They marched through East Liberty on Friday morning going past five blocks. They were hoping to draw attention to the foreclosure menace that is evicting people out of the houses that are their homes. The Allegheny County branch of ACORN or the Association [...] (read the full entry)