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Archive for the ‘buying foreclosures’ Category

>Foreclosure Coming: Don’t Move Out, Read This Article.

>There’s a great new house foreclosure story on our companion blog called House ABCs. It’s by an attorney who believes people who are being foreclosed upon by the bank have a way out. Sixty percent of these cases are where the bank doesn’t even have the orignial signed note and in many cases with the right judge the homeowner can stay in the house until the note is found. In many cases, the original note has been destroyed. Know your rights, read the article. It’s important
House ABCs is the place to go.

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First Line News – Business –
Tuesday, February 24, 2009

Major Indexes Fall to 1997 Levels
Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday.

Treasury, Citigroup Debate Control
The federal government is negotiating a deal with Citigroup that may expand its ownership share to the point that it effectively nationalizes the nation’s third-largest bank.

Plan to Buy Foreclosures Meets with Criticism
Last month, the Department of Housing and Urban Development signed off on hundreds of grants to all 50 states totaling almost $4 billion. The Neighborhood Stabilization Program, as it’s known, was passed last year as part of a housing rescue plan that was regarded at the time as the most significant housing legislation in a generation. But critics have assailed the program.

Nation Faces Enormous Fiscal Obstacles
“A billion here, a billion there – pretty soon it adds up to real money,” Sen. Everett Dirksen famously observed. Mr. Dirksen, the late Republican fiscal conservative, held the Illinois Senate seat Barack Obama later occupied.