Category: Foreclosure

Get More Inside Buzzzz by Tony Evan Are these People Nuts? Have banks lost their minds helping cities out of bankruptcy? Published June 1, 2008 The Credit Card Hustle If you havent checked your credit card statement lately, you should do it right away. Banks are sneaking in rate increases. Published May 20, 2008 Getting… Continue reading Get More Inside Buzzzz

Catapulted by a series of failures in mortgage financing, never before in modern times has the U.S. been in such serious economic peril. Unprecedented times call for unprecedented action. The nation’s economy has been deflated by the real estate market, much of which has been in recession for more than a year, suffering double digit… Continue reading Emergency Action by the Federal Reserve is Needed

The White House mortgage rescue plan to aid subprime borrowers sets in motion a series of events that could send the U.S. economy reeling into a deep recession, perhaps even worse should the government not require lenders to freeze interest rates for many borrowers, according to a Housing Predictor review. More than 2-million subprime mortgages… Continue reading Mortgage Plan Assures Recession

By Christine Hardenberger Crippled by the credit crunch and falling property values, millions of homeowners are facing the possibility of foreclosure. The delinquency rate is the highest it has been since at least 1985 when the Mortgage Bankers Association started monitoring the market place. It’s a dreadful situation for many people, who have no idea… Continue reading What to do When Facing Foreclosure

By Mike Colpitts Real estate is proving to be a brutal investment for many speculators, who have purchased land as prices come tumbling down as much as two-thirds from the markets peak. A major U.S. land crisis has resulted from the nearly frozen market, which has the potential to cost billions of dollars in losses… Continue reading Land Market is Tumbling