Foreclosure
Welcome to Landlord Nation - Detroit’s Foreclosed Homes Attract Outside Buyers (Homes on sale for $1)
[Via Fox News]
Welcome to Landlord Nation, where foreclosure notices are plentiful and for-sale signs offer at least 1,800 homes for under $10,000 that once were worth at least 10 times more.
In extreme cases, homes are on sale for $1 or less, which has enticed investors to Detroit from as far away as the United […]
Atlantis In America: 20% Of Mortgages Underwater……..(home prices down 27%)
Negative equity problems worsen as mortgage applications continue to fall. Homeowners in the United States still have a long way to go to dig themselves out of the mortgage crisis.
According to a study by First American CoreLogic released Wednesday, one in five homeowners with mortgages owe more to their lenders than their homes are worth. […]
Remember ACORN? First ACORN arrest…
[Via FoxNews] Police in Baltimore today made what is believed to be the first arrest in a civil disobedience program aimed at supporting homeowners who refuse to vacate their foreclosed homes.
An activist with ACORN — the Association of Community Organization for Reform Now — faces criminal charges after breaking into a home in southeast Baltimore […]
What Americans are saying about $75 billion housing plan
What Readers are Saying:
The plan is a discrace! I pay my mortgage and bills on time. I live on a fixed income. I find it tough each month to make ends meet, but do. I did not go out and buy a home I could not afford. No one is helping ME! The Bleeding […]
From $75B to $275B: Obama’s $275 Billion Housing Plan to Help 9 Million Families
President Obama unveiled his much-anticipated plan Wednesday to fight the housing crisis, pledging up to $275 billion to help stem a wave of foreclosures sweeping the country.
All of us are paying a price for this home mortgage crisis. And all of us will pay an even steeper price if we allow this crisis to deepen—a […]