All Posts Tagged With: "Foreclosures"

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U.S. Foreclosure Rates Surge as Unemployment Continues to Rise

Even including the attempts by the government to slow down foreclosures through programs aimed at modifying the terms of loans, mortgage defaults continue to grow, according to a report from, RealtyTrac, a real estate data company.
“Rising unemployment and a new variety of mortgage resets continue to gradually shift the nation’s foreclosure epicenters in the third [...]

October 28th, 2009 | Gary | Comments | Continued
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Editorial: Illusory Economic and Banking Recovery Continues – Right?

Many people are either scratching their heads in consternation or celebrating over the assertions by the government and its court economists that the economy in the U.S., and by extension – the world – is in a state of recovery.
It’s so nonsensical when you take into account the overall picture, that it must be looked [...]

September 13th, 2009 | Gary | Comments | Continued
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New York Judge: Banks Must Prove Ownership or No Foreclosure

An amazing story has emerged in New York where Judge Arthur M. Schack has shaken up the banking industry, having the gall to actually check the paperwork presented to him in numerous cases of banks seeking to foreclose on homeowners.
Before I get into this, I want to say up front that people are responsible for [...]

September 1st, 2009 | Gary | Comments | Continued
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Banks Aren’t Lending, Consumers Aren’t Spending – What Recovery?

The assertion by analysts and economists that data from the quarter from July-September signals the end to the recession is so distorted and ridiculous, that you have to question either their integrity, sanity or ability to make that determination. This is so far from the truth that it can’t even be seriously entertained as a [...]

August 29th, 2009 | Gary | Comments | Continued