April 21, 2008
Open Question: With all the foreclosures where are all the homeless families going?
Every day I see on the news how more and more people are losing their homes due to this sub-prime thing… one number said something like 250,000 homes were foreclosed since the start of the year…well assuming the national average of 2.6 people per house-hold that's 1,300,000 people displaced or enough people to fill a mid-sized city. these same people say we could have up to 500,000 homes lost by June so you can just double my number….. My question is with so many people turned out where are they all going? Where can they go? Will we soon see tent cities popping up across the country? or did this event mostly effect the speculator with multi homes so the numbers of homeless seem worse than they are? your thoughts more…
POUGHKEEPSIE – Hudson River Housing expects to receive 1,000 calls for foreclosure prevention assistance in 2008 and the agency has received a grant to provide foreclosure prevention counseling. more…
Fizber.com integrates nationwide foreclosure property search, mapping technology, and foreclosure trends. more…
Do you have to file federal tax return if your company has gone to foreclosure? Please guide me. Thank you What if you have business loan with 75% SBA gurantee? Do you still recieve 1099A or what ever form? What if you receive 1099A and you don't have the ability to pay from your personal income? Please guide me? more…
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Foreclosure Moves Open Gray Area in Preemption
On Wall Street, NY - Unlike consumer protection laws, state foreclosure and real estate property laws generally are not preempted. But if such a law affects the substance of a … |
Is it a requirement that a lender explain to a home buyer what might happen with an ARM loan when interest rates rise? Mary Ellen–so the lender may or may not verbally "warn" the borrower? more…
Tags: home equity loan, foreclosure
