More at therealnews.com Wall Street rally wants more help for victims of sub-prime mortgage meltdown Thursday December 13th, 2007
Many owners vacating foreclosed homes are selling off all the fixtures before they leave, further depressing home values, even their neighbors’, reports Kelly Cobiella.
The number of US homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in payments. (Aug. 12)
KXTV News10 report on foreclosures in California and interest-only adjustable rate mortgage loans. Alexis McGee of ForeclosureS.com comments on buying within your limit.
Megadeth – Foreclosure of a Dream Lyrics: Rise so high, yet so far to fall A plan of dignity and balance for all Political breakthrough, euphoria’s high More borrowed money, more borrowed time Backed in a corner, caught up in the race Means to an end ended in disgrace Perspective is lost in the spirit [...]
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As the US economy struggles out of recession, home foreclosures have touched the one million mark. Those foreclosures have hit the long-suffering city of Flint, Michigan, particularly hard. Once the home of General Motors, this declining city is now thinking of returning back to nature. Al Jazeera’s Cath Turner reports.
A federal report just came out that more people are late on their home mortgage payments and face default. Conveniently, these people do not qualify for help from the federal government. Sawsan Zaky says that not many people are able to modify their loan even though the banks are saying they would like to work [...]