Home » April, 2010 You are currently browsing entries posted in: April, 2010

April 29, 2010

NATIONWIDE   Is it a Great Housing Recession or Great Housing Bust? Economists worldwide are of the unanimous opinion that the current financial crisis and global downturn economy has been triggered by the housing bubble in the US. It is also common knowledge that the housing market in US, as seen by financial experts and [...]

Is it a Great Housing Recession or Great Housing Bust?

Economists worldwide are of the unanimous opinion that the current financial crisis and global downturn economy has been triggered by the housing bubble in the US. It is also common knowledge that the housing market in US, as seen by financial experts and market watchers, is yet to recover from its sickness – arising out [...]

HAMP Fails To Achieve Objective – COP Report

In its latest Report running 189 pages dated 10th February – titled “Commercial Real Estate Losses and the Risk to Financial Stability” – The Congressional Oversight Panel, a “watchdog” committee overseeing the implementation and progress of Obama Government’s foreclosure crisis mitigation programs, has regretted the ineffectiveness of the same. This report which has sent shockwaves [...]

Market Watch – All Foreclosure Types Are Up in March

Real Estate business in the US is in for really not-so-encouraging news, as seen from latest foreclosure report for the first quarter of 2010 – particularly the month of March. An all time high is recorded in foreclosure filings as well as foreclosure rates. Analyzing the figure of all types of foreclosure activity – receipt [...]

April 22, 2010

NATIONWIDE   Mitigation plans of Government to ease foreclosures achieved too little and too late! The Congressional Oversight Panel has come out in the open to describe President Obama’s foreclosure mitigation programs to ease foreclosures achieved “too little, too late”. The “Top COP” – Elizabeth Warren has mentioned this, after a year and half of [...]

Tax breaks and ensuing confusion at IRS

The intention is good but the execution is not that successful. This is how one can perceive about the stimulus package enacted by the Obama government last year. The new tax breaks announced by the US Treasury Department is causing confusion among not only the public, but also posing enforcement problems for the Internal Revenue [...]

Mitigation plans of Government to ease foreclosures achieved too little and too late!

The Congressional Oversight Panel has come out in the open to describe President Obama’s foreclosure mitigation programs to ease foreclosures achieved “too little, too late”. The “Top COP” – Elizabeth Warren has mentioned this, after a year and half of the launching of the program HAMP – “Treasury is still fighting to get its foreclosure [...]

60% of National Foreclosure Figure is accounted by six States

The foreclosure activity, as you can see from the statistics for February published, has not come down, if not going up though. Right from the onslaught of foreclosure tragedy in early 2006, the pattern is similar. The worst-hit States by foreclosure fiasco are the ones, where the real estate business of buying and selling properties [...]

Foreclosure-ridden metros are to adopt new strategies

Troubled home owners in the Metropolitan areas of US housing markets are hard-pressed to think of new strategies, for foreclosure avoidance as well as selling their homes. When the real estate market in various cities and towns was trotting on even keel, people were not even aware of the term “foreclosure”. But they woke up [...]

New Foreclosure Hotspots emerging in the housing market

You can find from the foreclosure report published by authentic real estate sites for February 2010 that apart from the old ones – Las Vegas; Phoenix; Los Angeles and Tampa Bay – there are new “Hotspots” emerging in foreclosure activity. They are – Boise – the most populous and capital city of the State Idaho; [...]