Category: Economic Crisis

America’s Watchdog to Rescue Disaster Victims

By Mike Colpitts An organization that gained national fame for helping homeowners and businesses in natural disasters, including Hurricane Katrina is offering free aid to homeowners and businesses that suffered property damage or were destroyed in the series of tornadoes that tore through the south-eastern corridor of the U.S. America’s Watchdog is coming to the… Continue reading America’s Watchdog to Rescue Disaster Victims

Government Finds Foreclosure Oversight Needed

By Mike Colpitts Nearly three years after problems arose plaguing the U.S. in the foreclosure crisis, government regulators have found that federal agencies oversight of foreclosures has been limited, fragmented and needs to be corrected, according to the agency charged with investigating U.S. banks. In what has become the largest financial swindle in American history,… Continue reading Government Finds Foreclosure Oversight Needed

Florida Market #1 in Housing Recovery

By Mike Colpitts An economic development program is driving one Florida County to a recovery in housing long before the rest of the U.S. Lee County, which is home to Fort Myers, has the second highest foreclosure rating in the nation right behind Las Vegas, Nevada on a per-capita basis. But Lee County, which has… Continue reading Florida Market #1 in Housing Recovery

Law Would Waive Taxes

By Mike Colpitts A new proposal made by a Florida member of the U.S. House of Representatives would waive federal income taxes on retirement plans if the proceeds were used to buy a home that was foreclosed. The bill, offered by Representative Bill Posey (R-FL), a Realtor has made the resolution as part of the… Continue reading Law Would Waive Taxes

U.S. May Dump Homeowner Aid

By Mike Colpitts Little government aid is available to homeowners struggling to hold on to their homes caught in the grip of economic hardship, according to a leading attorney who is spearheading legal action against seven of the nation’s largest banks in the foreclosure crisis. Attorney Philip Kramer, whose firm Kramer-Kaslow of Calabasas, California has… Continue reading U.S. May Dump Homeowner Aid

Win a Condo Raffle for Charity

By Kevin Chiu A Twin-Cities man thinks he’s found a way to buck the tough real estate market and attract attention to sell his condominium, despite the sluggish marketplace, and William Panzarella is doing it all in the name of charity. The Minneapolis condo owner has teamed up with a real estate agent to raffle… Continue reading Win a Condo Raffle for Charity

Record $1 Billion Real Estate Auction

By Mike Colpitts A leading real estate auction company will put $1-billion in commercial property and notes up for auction, marking a new record for the largest real estate auction in U.S. history. The Las Vegas event illustrates the enormity of the real estate auction business selling-off assets for banks and mortgage service companies handling… Continue reading Record $1 Billion Real Estate Auction

Feds Spend More on Housing

By Kevin Chiu Driven by lobbyists, the U.S. government spent more on housing related grants and tax expenditures than energy, transportation and non-profit organizations combined in 2009 despite the collapse of the real estate market, according to a study conducted by the Pew charitable trust research project. The federal government spent about $244 billion on… Continue reading Feds Spend More on Housing

Chinese Drywall Second Housing Crisis

By Kevin Chiu A second housing crisis is slowly working its way through 20 states as more victims fall ill from poisonous fumes emitting from their very residences. From the Gulf Coast of Louisiana, where workers are replacing toxic Chinese drywall in new homes built for victims of Hurricane Katrina across the country it’s being… Continue reading Chinese Drywall Second Housing Crisis