Archive for 'Foreclosure Crisis'
Foreclosure Recap: The Collapse of the Subprime Housing Market
3 October 2008Most philosophers think that the past is one of the greatest sources of answers to present questions. For instance, in the world of the housing industry, the collapse of the subprime market actually started the foreclosure crisis. If you have been confused with this nationwide problem, it will be better if you learn about what happened.
Hispanics Fight Foreclosure by Staying Informed
1 October 2008The worst thing about the mess in the subprime industry is that it left in its wake millions of innocent American families without a home. It has long been established that one of the reasons for the foreclosure crisis involved hybrid mortgages. In Phoenix, a group of Hispanic real estate agents has decided to help their community by making sure that all local residents avoid these risky loan packages.
The Growing Popularity of Lease-to-Buy Option
29 September 2008When the foreclosure crisis was traced to the aggressive lending practices in the subprime mortgage industry, underwriting guidelines were immediately tightened. As a result, more and more buyers are experiencing difficulties in getting approved for a mortgage. To get around this, buyers and sellers are entering into a lease-to-buy agreement, which leaves both parties satisfied.
Short Sale Basics
26 September 2008It is a known fact that owning a home is an American Dream. Sadly, there are already millions of families whose dream was taken away by foreclosure. It is perhaps the singularly most embarrassing and traumatic experience that a person or family can go through. For this reason, you should protect yourself and your family from foreclosure by opting for a “short sale”.
Declining Home Prices Hitting Seniors Harder
24 September 2008Many of you might be hoping that your homes will be your source of security during your retirement years. But based on a study conducted by the Center of Retirement Research, one third of the older households are likely to enjoy security because of the current problems in the housing industry.
Stock Market Receives Shocks, Lehman Brothers Collapses, Merrill Lynch Sold
17 September 2008The turmoil that the financial market in the United States is going through hit a new low on Monday. This has been the most terrible day Wall Street has faced in the last 7 years. With the collapse of one of America’s most respected banks, investors are now left to wonder which giant will fall next.
Home Ownership After Foreclosure
11 September 2008Losing your home to foreclosure is indeed unfortunate. Still, it does not mean that you will be renting out a property for the rest of your life. Although it will take longer than before, you can still get a mortgage with an acceptable interest rate as long as you are patient.
Tenants Also Worried About Foreclosures
8 September 2008It would seem that not only distressed homeowners are the ones affected by the enduring foreclosure crisis. Even tenants are becoming anxious about what would happen to them if their landlords face foreclosure.
Facing Foreclosure: What to Do
5 September 2008If you take into consideration the declining home prices and rising cost of living, it is not surprising that many homeowners are struggling with their mortgage debt and trying very hard to avoid foreclosure.
Low Income Renters: New Victims of Foreclosures
3 September 2008If you thought that the only ones severely affected by the foreclosure crisis are the lenders and distressed homeowners, you are in for another surprise. It would seem that even the low income renter are suffering from the problems brought about by the enduring problem in the housing industry.
