The housing market remains deeply troubled, with more than 800,000 homes on their way to foreclosure or in the process of being auctioned, according to RealtyTrac and Moody’s Analytics. That’s part of the reason the economy isn’t growing fast enough…
As I have often observed, the majority of America’s household income flows to a handful of corporate cartels protected by the Central State. Most of the mortgage payments flow to the “too big to fail” banks. Most of the telecom payments flow to the…
Isn’t this partially what contributed to the burst of the housing bubble in 2007? The latest Florida mortgage deal carries a potential taxpayer burden that could leave you wondering what happened to the last four years.
Earlier this month, The Daily…
t’s the kind of news that seems to defy all logic we’ve ever been taught about financial responsibilities and rights in the real estate world. Now, says the Financial Times, banks are considering paying cash-strapped “homeowners” to vacate foreclosed…
This gent certainly had good timing in the real estate market….
Don’t Hold Your Breath for Residential Real Estate. Every few weeks I get a warm and fuzzy feeling when I see my old house for sale in the Wall Street Journal. I’m sure you’ve se…
For years we’ve heard about the horrendous problems with subprime mortgages….Well, now even PRIME mortgage foreclosures are at record levels…
Homeowners are falling behind on their mortgage payments as job cuts make it difficult for them to cover …
The latest chapter from the housing bust saga…. Check out this Washington Post article…
A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs.
Its unsettling effects are playing out …
