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 labor in India and the economy crisis that has hit the US by the high oil prices and the foreclosures recession, American companies are now moving whole sectors and operations to
Continue Reading: Indian Real Estate Benefiting From US Crisis
February statistics for foreclosure filings in Georgia were 7,631 including all homes in foreclosure such as ones that were sent default notices, or had been repossessed by the bank/lender, and had been sent the notice for auction sales. The fact that this number was lower by 28.5% as compared to January 2008's filings was only remotely encouraging, because it was almost 5% higher than the number reported in last year February. The [...]
Continue Reading: Georgia Foreclosure Rates At An All-Time High Push The State to #8 Nationally!
America is facing one of the biggest real estate foreclosure crisis ever and some have even compared the crisis to the great recession. The auto industry, builders, homeowners, lenders and students got hit by the crisis, and yet no resolution seems to be taken by the government. It looks as if the government is waiting for something to act, and why is that? Elections of
Continue Reading: Lobbying affecting resolution of real estate crisis
The foreclosure crisis, which includes government foreclosures homes, 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 time for the auto industry to be affected by the real estate foreclosure crisis. With banks and auto lenders tightening their loans and worried of getting caught by the recession, hundreds [...]
Continue Reading: Auto sales affected by housing crisis and high oil prices
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 now at 3 percent and the problem is not only affecting lenders but are affecting the health of thousands of neighborhoods across the country. Recent reports show that many vacant homes are presenting health risks including many [...]
Continue Reading: Health Risk By Abandoned Homes Rise With Crisis
The current real estate crisis in America is far from over and it is affecting thousands of lenders, neighborhoods, the building industry and especially home owners. But the effects of the crisis are even worse the present problems. Homeowners that are going through foreclosure today will suffer even more in the future by the bad credit, and most of them will have to wait five years to be able to get a new mortgage. The current foreclosure [...]
Continue Reading: The future of home financing
Bank foreclosed home is one of the biggest nightmares for any homeowner and Miami seems be reeling under a long spell of foreclosure nightmare. Foreclosures in the state of Florida started to rise since 2005 and since then it has been taking huge leaps every year and here are some comparison statistics for
Continue Reading: Foreclosure Statistics in Miami-Dade County
San Diego police arrested four people related to a gigantic foreclosed home 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 where home owners would pay a fee to the company with the promise of help on getting their homes back, but the company did nothing to prevent the
Continue Reading: 4 arrested in San Diego Scam
Due to the rise in the number of Maryland foreclosure homes, suddenly there is an alarm amongst the state senators who are now trying their very best to protect the homeowners in the state from the crisis related to the sub-prime mortgage. Now the political think tank has started to look for various avenues and is thinking about implementing new laws, which will be able to save homeowners from this mega-wave of foreclosures by
Continue Reading: Housing Foreclosures Hit Maryland
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 Home Depot. But recent reports had shown that the foreclosure crisis is not only causing people to lose their homes, but also their marriages and their families. The devastation trend starts when the owners cannot afford to their [...]
Continue Reading: Foreclosure Crisis Causing Domestic Violence
It was predicted that Home Depot (HD) and Lowe´s (LOW) would get hammered by the housing crisis. But not as hard as they thought. With the rising oil, rising food prices and the real estate foreclosure crisis, customers are not buying at
Continue Reading: Lowe's And Home Depot Hit By Crisis
John Davis, a Des Moines real estate investor has been banned from making real estate businesses in Iowa. The Polk Country District Court banned Davis from selling, renting, lease or invest on the states real estate
Continue Reading: Iowa investor banned from making business
According to the state judicial website, the individuals that helped saving the Waterford Speedbowl's ownership group from foreclosure last supper are the ones taking the Speedbowl property to foreclosure auction. Peter Borelli and Rocco Arbitell helped the ownership group, when the Washington Mutual Bank was preparing to put the Speedbowl property 1080 Hartford Road in auction last
Continue Reading: Waterford Speedbowl Nascar property on Foreclosure Again
Sen. Hillary Clinton attacked the future Republican nominee Sen. John McCain, on his foreclosure crisis plan and economic policy. According to Sen. Clinton, MCCain's economic plan policy boiled down to this: "Don't just continue driving our nation in the wrong direction. Put your foot on the accelerator and gun
Continue Reading: Clinton Says that McCain’s economy policy plan is simply out of touch
The Field Asset Services (FAS), a company that works together with lenders and banks to prepare homes that are in foreclosure for sale, has hit the wrong unit on a condo in Stockton, CA. FAS was supposed to inspect the unit 232, and instead they entered and re-keyed unit 2 where Ruth Anderson
Continue Reading: Foreclosure Company Hits The Wrong Home!
Google introduced a new feature in real estate search option in Google Maps. The feature can be found on the homepage of Google Maps, by clicking on the My Maps
Continue Reading: Google maps now offering real estate search
The Exchange Commission and Security filed fraud charges against the promoters of a real estate investment scheme that operated a fraudulent foreclosure reinstatement scheme. The scheme started in 2005 and got around $18 million in only two years. More than 600 people were caught by the scheme with the promise that they could get returns of 50% of their investment within 30
Continue Reading: Fraudulent “foreclosure reinstatement” scheme discovered
The Senator Barack Obama, Democratic presidential runner said on Tuesday that the real estate foreclosure crisis is similar to the Great Depression that occurred in the late 20's. He pointed that the housing crisis is far from going into the direction of the Depression, but the way it affected Wall Street and the financial market is very
Continue Reading: Barack Obama talks about the housing crisis
Despite the terrible recession that America is currently facing with the real estate crisis, Donald Trump, the CEO of the Trump Organization says that the housing market is going to get better fairly quickly and that now is the time to
Continue Reading: Donald Trump sees opportunities in the real estate crisis
Media has recently reported some multimillion dollar real estate deals made by stars in New York City. The celebs list is quite extensive and includes Madonna, Scarlett, Bono, Sting, Jennifer Connelly, Jon Bon Jovi and many others. Despite the real estate crisis and the high number of foreclosures in New York City, luxurious properties are still on high demand. The luxurious highly priced homes are being sold for as high as $5.6 million dollars, [...]
Continue Reading: Celebrities making multi million dollar deals on real estate despite crisis
