Obama's Foreclosure Plan

President Obama reached out to the five states most affected by the housing meltdown Friday, but the gesture appears to be longer on promise than substance.
The idea is to set aside $1.5 billion in foreclosure initiatives for homeowners in Nevada, Michigan, Arizona, California and Florida. All have seen at least 20% declines in home values [...]

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While some news outlets are touting the turnaround they claim to be in progress in the housing market, one of the key indicators they fail to mention in headlines, is that a high percentage of home sales, are those in distress, or foreclosure!
Smoke and Mirrors in the Real Estate Market
Regardless of who you choose to [...]

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A recent report from RealtyTrac shows just how far the Washington spin machine goes to tell us just how rosy of an economy we survive in today. Notice I said survive… not prosper, or even live… since most blue collar workers in the US are doing just that, Surviving!
Foreclosure News Headlines are Deceiving!
If you are [...]

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Last month, we talked about how the voluntary moratorium on foreclosures had come to an end, and was a strong indicator that the foreclosure crisis was about to reach out to a whole new level! Guess what… it’s happening! Today, in a writeup from Bloomburg, its being reported that the Foreclosure Rate is Hitting All-Time [...]

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If you live in South Carolina, you just got a break! The SC highest court on temporarily halted thousands of pending foreclosures in the state on Tuesday to allow homeowners the extra time needed to take advantage of the Obama Foreclosure Plan to help them refinance troubled mortgages.
The court injunction — which loan experts say [...]

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Obama plans to work with regulators this week and delve into one of the few remaining targets keeping many people afloat, the Credit Card Companies! Regardless of whether this is good or bad for any of us, the net result will be a further tightening of credit to consumers!
Credit Card Companies Suck!
Lets not beat around [...]

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Since the new Obama Administration took office, the foreclosure rate has been spun by news outlets and our Government, so the people (Yes…US) would be under the impression that the foreclosure plan was working! Guess what… it’s not!
Foreclosure Crisis Reality
The truth and reality is… as soon as Obama took office, many lenders placed a voluntary [...]

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Foreclosure Prevention Services are one of the hottest new trends in the market after the Obama Foreclosure Prevention Act went into effect! As you can well imagine, the wolves that were spit out from the crash of the sub-prime lending industry, see this as a new breath of life, and prey on the innocent homeowners [...]

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Today is the day many homeowners and lenders have been patiently awaiting! During his campaign, President Obama addressed several key issues he was going to immediately tackle when he got to the White House… one of those issues, is the Foreclosure Crisis in America! Later today in Mesa Arizona, President Obama will hold a press [...]

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January 2008 saw another large jump in foreclosure filings. Nationwide, filings for foreclosures jumped 57 percent, causing 45,327 homeowners to lose their homes to bank repossessions. This is yet another indication that our national real estate markets fears are far from over.
Although this increase was only a modest increase from the month previous, the increase [...]

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