Entries Tagged as 'Foreclosure Crisis'

Journalist Alyssa Katz has written a comprehensive history of ownership of residential houses in USA. She has discussed the root cause of the foreclosure crisis.

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It is now time to dwell on the lessons to be learnt from the foreclosure crisis in order to avoid a rerun of it. It is like going back to the scene of crime and see what can be gained from the losses

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The foreclosure crisis has cornered Bank of America in more ways than one. First it had to take over Merrill as the latter began to collapse

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As the health care bill stumbles, thanks to lobbying by vested interests, the door remains open for future foreclosure crisis.

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One of the many casualties of the foreclosure crisis is the gauges so long being used by economists to measure socio-economic health; these traditional yardsticks have been upset.

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In actuality the economy had fallen into recession one year previously. This recession is proving to be the longest in a generation. Unemployment is the highest since last 15 years. Trade has contracted. Housing prices are tumbling

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The foreclosure crisis calls for new caution for new buyers because the borrowers were also largely responsible for buying repo homes with loans they did not understand. Another mistake was that they took it for granted that real estate prices could never fall but go on increasing.

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The US economy is on a tailspin what with unemployment being at the peak and people faltering on mortgage payments. Subsequently foreclosures have become common. What is worse, the mounting tax bills are pushing a few homeowners to the teetering edge.

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foreclosure-increase

The state of Indiana is hurting when it comes to the foreclosure crisis. They have been a long time hurt state with the onset of the family farm problems which got farms into foreclosure and then the standard mortgage crisis that the country just underwent made matters eve worse.

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