Foreclosures

Here is some of the language below from a ballot proposal in California called the "Foreclosure Modification Act," scheduled to go on the November 2012 ballot if supporters get the required minimum 800,000 voter signatures.  It was approved in late July by the California attorney general for...

During an interview with CNBC this morning, Alan Greenspan spoke about QE2, foreclosures and the economic recovery. “I am assuming that the foreclosures will begin to slow down,” he said. “But the problem we've had is such a large proportion of sales are distressed sales.” Greenspan also said that...

By Wayne Jett © October 10, 2010 Fear was not the only thing Americans had to fear in 1933, as Franklin Roosevelt well knew. High tariffs shut down trade and production; high taxes stripped private capital; and rampant fraud in financial markets looted capital and drove survivors to gold shelter....

Banks may be rushing homeowners into foreclosures. Bank of America (BAC), JPMorgan Chase, (JPM), and GMAC have all halted foreclosure proceeding against thousands of homeowners. Bank employees have been signing documents rushing homeowners into foreclosure without verifying their information. These...

The federal government has tried a lot of different government programs, loan modifications, tax credits and initiatives to support the housing market. While these measures have had some effect, they have not stopped the foreclosure crisis. According to Yahoo Finance, “More than half of all...

World Cup fever has struck here at Llenrock.  With all this talk of England vs. USA, another great rivalry that has surfaced this week may be about to boil over, under the radar: is the other commercial real estate shoe going to fall off or not? There were two opposing views...