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Archive for August, 2011

Foreclosures: No Mortgage Payments For Years

Foreclosures: No Mortgage Payments For Years

We keep hearing reports that mortgage foreclosures and delinquencies are down and here’s why: Lenders are plainly not foreclosing once a borrower has missed three monthly payments. So why have foreclosures stalled? The answer is that the process of recording mortgage notes is so screwed up that it’s stopped foreclosure activity worth hundreds of billions […]

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American Chopper Is Back With Settlement & Foreclosure

American Chopper Is Back With Settlement & Foreclosure

After months of waiting, arguing and bidding, after big disputes regarding who had the better bike and how would a war between father and son work out, American Chopper is back and with it confirmation that Pauls Senior and Junior have reached a settlement after two years of legal wrangling. This is good news in […]

Posted in: News
Mortgage Help For Hurricane Victims

Mortgage Help For Hurricane Victims

Hurricane Irene may be the biggest storm of 2011, and if recent history is any guide mortgage lenders will allow considerable latitude for those who are severely impacted. Hurricanes have the ability to move massive amounts of water in a very short time. The instant result can be flooding along low-lying areas and shores. However, […]

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Foreclosure Discount Gets Bigger & Bigger

Foreclosure Discount Gets Bigger & Bigger

Buy low and sell high is a traditional real estate investing strategy and with good reason: Unlike the stock market you can’t sell homes short and make a dime. Thus it makes considerable sense to buy property at the lowest possible price and that brings us to RealtyTrac’s foreclosure report for the second quarter: “The […]

Posted in: Foreclosures
Distressed Homes Selling at 32% Discount

Distressed Homes Selling at 32% Discount

If you want to pay less for a home then look for distressed property, the homes which are facing foreclosure or will be foreclosed. Why? They’re selling nationwide with a 32-percent mark-down. Such properties can be found. If you’re buying a home in the U.S. the odds are 3 in 1 that the property you […]

Posted in: Foreclosures
Do We Have A Depression In America?

Do We Have A Depression In America?

Forget recession. Is America in the midst of a full-blown, no joking, outright depression? “If the notion that we are merely living through the aftereffects of a mere ‘recession’ that ended in 2009 sounds somewhat ridiculous, that’s because it is,” says Richard A. Posner, a federal judge and law school lecturer based in Chicago. “If […]

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Is Negative Interest Coming To America?

Is Negative Interest Coming To America?

“You’re money is no good here” used to mean someone was picking up your tab at a restaurant or country club. It was a gracious gesture, a courtesy and a compliment. Today the term means the world is awash in so much cash that really — we don’t want your money — especially if your […]

Posted in: News
Government Map Shows 7,000 Surplus Properties For Sale

Government Map Shows 7,000 Surplus Properties For Sale

After the big budget debate — and before the next one — Uncle Sam has an idea to generate a few dollars. Yes folks, the government has thousands of excess properties that it’s willing to unload, including “apartment houses, single houses, row houses, public housing, military personnel housing, federal employee housing, and housing for institutional […]

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How The Tea Party Controls Washington

How The Tea Party Controls Washington

How do they do it? How does a small number of Tea Party representatives control the agenda in Washington? The answer works like this: There are 435 members of the House of Representatives. According to CNN there are 60 members of the Tea Party caucus. The Tea Party caucus represents just 14 percent of the […]

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Standard & Poors Drops US Credit Rating

Standard & Poors Drops US Credit Rating

The credit rating of the United States of America has been reduced from AAA to AA+ by the Standard & Poors rating agency. In an historic development the willingness of the United States government to fulfill financial obligations has been called into question by a major ratings agency due to “political risks” and a “rising […]

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