Archive for September, 2008

Why Banks Hate Mortgage Modifications for Homeowners in Foreclosure

With the Big Business Bailout for Billions Act of 2008 being debated and cajoled through Congress, the attention has finally been focused back onto the people being hurt most by the financial crisis — homeowners who were taken advantage of by the Federal Reserve’s cheap money policies during the housing boom. Instead of just rescuing […]

How the $700 Billion Bailout Will Further Hurt American Homeowners

The $700 billion is for the big banks and any other individuals and corporations that the US Treasury deems worthy of receiving the money. The bailout package will affect the middle class and homeowners at risk of foreclosure by making it more likely they will lose their homes.
The government is going to create the $700 […]

How To Give Up Your Home To Foreclosure

Sometimes it’s hard knowing when you’ve been beat, or when it’s time to give up. With foreclosure, it’s different; it’s actually very easy to know when it’s time to throw in the towel. Foreclosure is a very costly procedure, both mentally and financially, so knowing when to stop fighting and when to move on with […]

Fed Continues Long Tradition of Financial Corruption with Bailout of Bear, Fannie, Freddie, Aig

The history of the world is little more than smalls privileged groups installing a state system and then using the power of the government to live parasitically off of the production of the vast majority of the people. The past year in the American financial markets have shown that this is still the case, as […]

Foreclosures Around The Nation

Last week, there was a lot of talk about foreclosures and plans to stop foreclosure, but will anyone ever take action? As we all know, public officials, including the president, all like to talk about their “big plans” once they take office, but very few ever deliver. Only time will tell if government offices have […]

The Roots of the Mortgage Crisis — The 1970s

It is not just in economic policies of the Bush administration or Clinton administration that the roots of the current housing market meltdown may be found. The setup of the economy for a pumping and dumping of money into real estate has been an ongoing process since at least the 1970s, a decade of great […]

When Will the Sheriff Come to Kick You Out After Foreclosure?

One issue most homeowners in foreclosure worry about is when they will be kicked out of their home by the county sheriff. Often, the bank, other financial experts, and even foreclosure help companies will continually bring up the threat of eviction in order to convince homeowners to act sooner rather than later and attempt to […]

Understanding Between Homeowners and Foreclosure Help Professionals

In all fairness to homeowners in foreclosure, some will need professional help more than others. One borrower may be willing and able to negotiate with the lender until a solution is reached, while another will be terrified of even picking up the phone, let alone calling the mortgage company and explaining the situation. Every family […]