October 13, 2008
Foreclosure crisis busies counselors, revises mortgages (The Palm Beach Post)
The numbers don't lie. The Consumer Credit Counseling Service of Palm Beach County and the Treasure Coast held 1,035 pre-foreclosure counseling sessions in September - a record. more…
I had an FD of 300 K with a private bank, interest payable on a monthly basis.. Due to personal reasons I had foreclosed it. While settling the bank had deducted about 5% as foreclosure charges, i.e., about 12000+ monthly interest payable. Would anyone let know what is the guidelines provided by the Reserve Bank of India and if the amount deducted is excessive, the procedure for recovery. more…
Are you completely ignorant of what is going on? George Bush has been in office for 7 1/2 years. The first six the economy was fine. A little over one year ago: 1) Consumer confidence stood at a 2 1/2 year high; 2) Regular gasoline sold for $2.19 a gallon; 3) the unemployment rate was 4.5%. 4) the DOW JONES hit a record high–14,000 + 5) American's were buying new cars,taking cruises, vacations overseas, living large!… But American's wanted 'CHANGE'! So, in 2006 they voted in a Democratic Congress and yes–we got 'CHANGE' all right. In the PAST YEAR: &n bsp; 1) Consumer confidence has plummeted ; 2) Gasoline is now over $4 a gallon & climbing!; 3) Unemployment is up to 5.5% (a 10% increase); 4) Americans have seen their home equity drop by $12 TRILLION &nb sp; DOLLARS and prices s till dropping; 5) 1% of American homes are in foreclosure. 6) as I write, THE DOW is probing another low~~ $2.5 TRILLION DOLLARS HAS EVAPORATED FROM THEIR STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS! YES, IN 2006 AMERICA VOTED FOR CHANGE…AND WE SURE GOT IT! ….. REMEMBER THE PRESIDENT HAS NO CONTROL OVER ANY OF THESE=2 0ISSUES, ONLY CONGRESS. AND WHAT HAS CONGRESS DONE IN THE LAST TWO YEARS, ABSOLUTELY NOTHING. How much more "Change" can we handle? more…
LIers flooded the foreclosure showcase in Uniondale today sorting through the wreckage of the area's mortgage meltdown. more…
My husband and I are buying our first house together. We were looking at houses that are owned by the bank or even forclosure homes, they are a little cheaper than some of the others. We seen the price for one at 75000…whats that price for ? Is it to get the house out of forclosure ? Or is that the actual price they want ? And we both fear buying a house because of how many houses that went into foreclosure because the house note payment went up higher we heard to avoid that we get the payments on a "fixed rate." Who would be better to go through, a lender, a real estate, reality trac I mean where do we start and how do we start ? Thanks for your help more…
