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Growing Threat Of Negative Equity
The falling house prices caused by the real estate foreclosure crisis have pushed thousands of US homeowners to negative equity. Negative equity is when a home owner owns a home that is worth less than the value of... Foreclosure Or Short Sales?
With the real estate crisis home prices are down despite the low prices many homeowners are stucked with the possibility of foreclosure and many are now opting for short sales. Short sales seem to be the only... New York announces new foreclosure Proposal
Yesterday, a new proposed legislation to deal with current New York foreclosure laws was agreed by Gov. David A. Paterson and leaders of New York Legislature. The proposed legislation will toughen its mortgage rules... Senators Getting Better Loan Deals
As chairman of the senate banking committee Chris Dodd has been trying to crack down on companies accused at predatory mortgages at the center of the home foreclosures crisis, but Countrywide, one of the companies... Congresswoman being sued for using her influence
James York, a Sacramento investor has filed a lawsuit against the Calif. congresswomen and her bank for using influence to force Washington Mutual Inc to back out the sale of the foreclosed home that York bought from...1.4 Million Bankruptcy Claims expected in 2008
Another sign of the bad economic times: The American Bankruptcy institute said that the number of Bankruptcy files this year could reach 1.4 million. What is worst is that most of the people are filing a chapter 7...Disturbing Trends Of Illinois Foreclosures
Heightened foreclosure activity in Illinois has been disturbing the residents of the state. From Chicago to Cook County to Kane County, the number of foreclosed homes has been increasing at a faster rate than...Growth of crisis in the UK housing market
The UK has been hit by a similar housing crisis that it is affecting the US. Specialists have predicted that if the crisis is not stopped at the beginning it could be far worse than the US foreclosure crisis, as the... Indian Real Estate Benefiting From US Crisis
The whole crisis in the US is giving hope to India. America is the number one outsourcer of India´s IT/ITeS business, and recent reports are showing that due to the cheap labour in India and the economy crisis that... Indian Real Estate Benefiting From US Crisis
The whole crisis in the US is giving hope to India. America is the number one outsourcer of India´s IT/ITeS business, and recent reports are showing that due to the cheap labour in India and the economy crisis that has hit the US by the high oil prices and the foreclosures...Auto sales affected by housing crisis and high oil prices.
The foreclosure crisis has affected thousands of homeowners, lenders, builders, as well as students who cannot qualify for student loans due to the high standards posed by mortgage companies. It seems that now its... Health Risk By Abandoned Homes Rise With Crisis
As a result of the current real estate foreclosure crisis many lenders have repossessed more homes that they could afford, and as a result many homes are abandoned and vacant. The average rate of vacancy in the US is... 4 arrested in San Diego Scam
San Diego police arrested four people related to a gigantic foreclosure scam that tricked 400 home owners into paying rents and fees to a San Diego based group. The scam was based on a false foreclosure rescue plan... Foreclosure Crisis Causing Domestic Violence
The current mortgage crisis has been already compared to the great depression, and it is affecting thousands of lenders, homeowners, the building industry and even giants of the home industry such as Lowe’s and...New mortgage bailout plan
A plan approved by the Senate Committee yesterday would rescue up to 500,000 borrowers likely to face foreclosures. The idea is to use the profits from the government mortgage giants Fannie Mae and Freddie Mac,...
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