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Archive for the 'News and Economy' CategoryForeclosure Rates - They’re High and Don’t Expect Them to Come DownThe question on many homeowners’ minds is born in regards to foreclosure rates. Are they still rising? Where does the United States currently stand in this foreclosure problem? Most people asking these questions understand that the government has its hand in attempting to solve the problem, prop up} home values, and improve statistics. Will the Foreclosure Crisis Get Better in the Future?When you examine at the current statistics of the country’s number of foreclosures when compared to a decade ago, you will understand why it is the topic of conversation between many homeowners, economists, and financial analysts. The numbers are scary. Highly populated states with critical housing markets like California, Michigan and Florida have hundreds of […] Foreclosure Statistics and the US Housing MarketOne of the biggest unavoidable concerns for homeowners today is the seemingly ever-increasing number of foreclosures throughout the nation. 2008 was a horrible year. Foreclosure activity was up 90% nationwide from 2007. Some localized areas were far worse, such as California which saw an increase of 150% between January and February of 2008. These statistics […] Why Are The Government Mortgage Bailout Plans Such Disasters?The United States government is aware of the increasing number of foreclosures in these worrisome economic times. Bailout plans have been put in place and it has been said that between 8 and 9 million homeowners have the possibility of qualifying for help to avoid the foreclosure of their home. However, what it boils down […] Some Recent Foreclosure Statistics - Is Anything Helping Homeowners?The following are some facts and statistics about the real estate market and the government’s efforts in putting together effective plans to address the foreclosure crisis. Despite the government’s programs, starting in October 2007, and continuing with the latest plan released earlier this year, the foreclosure rate has kept up its dramatic increase. How Lenders Help Sabotage Government Loan ModificationsThe government’s programs to help stop the foreclosure crisis were probably started with the best of intention. Good intentions, however, can not cover for economic ignorance and an unwillingness to face the facts of the housing market. Prices are declining and more people are facing foreclosure due to the poor lending decisions created by cheap […] Hopelessly Corrupted — Credit Card Companies, Debt Collectors, and Mandatory ArbitrationOne tool of the credit card companies has always been to force consumers into unfair arbitration proceedings, where very little is done to help strapped borrowers get back on top of debts. While most people who were involved in such negotiations had a feeling they horribly biased against the consumers, the full extent of the […] Why are Property Taxes Rising as Property Values Crash?What is most amazing about the real estate downturn and economic depression is that government seems to keep on growing. In fact, government at all levels does not seem to have missed a beat, as they all seem to be growing. The only thing that has changed is the reason for continued government growth. Foreclosure and How to Deal with a Bank Being Taken Over by the FDICFrom Washington Mutual to the local bank on the corner, the government has been busy since the financial crisis began shutting down banks almost every week. Many of these banks are becoming insolvent due to their exposure to the subprime mortgage market and other risky loans that they extended to consumers or invested in to […] Surviving Housing DownturnAs a landlord or homeowner there are many simple ways to improve your property to increase value and secure your investment. In today’s current economic environment with the state of the housing market in recession, more and more people need rental apartments as it becomes more difficult to achieve home ownership. |
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