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U.S. Foreclosure Laws
Knowing the process in your state will help you adopt a more effective investing strategy and avoid procedural pitfalls. State Foreclosure Laws Quickly locate and review the foreclosure law specific to your state � or any state you�re considering investing in. Select A State Alabama Alaska Arizona Arkansas California Colorado Connecticut
www.realtytrac.com
- Tuesday, February 3, 2009
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Hold Onto Your Hat and Hat Rack
The New York Times recently reported in two related stories that in some instances, homeowners who have already lost their homes to foreclosure are now faced with suffering the greatest embarrassment of all — having their personal items auctioned off. the story says that it’s the town itself that is required by an antiquated 19th Century state law to collect and store the belongings of people who have been ejected from their homes by state marshals. There’s a warm wind swirling around this country right now, and it may just blow the hat off of your head…and take along with it everything else you own as well.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure "Megatrends"
Home prices are falling. In a presidential year, Uncle Sam and politicians nationwide are rushing to unveil new and bolder schemes to unravel the foreclosure crisis. As federal, state and local government weighs in of the rising foreclosure mess, look for new plans to halt the foreclosure train wreck. Increasingly, homeowners who put little or no money down are walking Foreclosures are rising. Sales are down.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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You Too Can Predict the Future...Maybe
Although he believes the $152 million economic stimulus package President Bush and Congress approved last month will help somewhat, Engle, a professor at New York University, is disappointed in the performance of the housing sector enough to blame it as the chief reason that a recession is likely. “What I’m hoping is that this sector of the economy doesn’t get legislated away. think subprime loans have made it possible for a lot of low-income households to buy a home for the first time. Time to dust off those Ouija boards and take out the tea leaves. The way things are
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Long-Term Solution for Fannie and Freddie Dilemma
home mortgages. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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As Foreclosures Mount, Candidates React to the Credit Crisis
Meanwhile, the rising flood of foreclosures promises to become a major presidential campaign issue in the weeks and months ahead because an alarming 2 million American homeowners could lose their homes by November 2008. Hillary Rodham Clinton wants to put an end to prepayment penalties for home mortgages and to set up a $2 billion federal fund to help homeowners avoid foreclosure. With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Sensing an opportunity
www.foreclosurepulse.com
- Tuesday, December 16, 2008
