Government set to subsidize foreclosures

Yet another government program to 'solve' the mortgage crisis pays homeowners to foreclose. This is unbelievable. Via the New York Times: The problem is highlighted by a routine case in Phoenix. Chris Paul, a real estate agent, has a house he is trying to sell on behalf of its owner, who owes $150,000. Mr. Paul [...]

By | 2010-03-08T08:58:02+00:00 March 8th, 2010|Government|Comments Off on Government set to subsidize foreclosures

‘Third Wave’ of property loan failures imminent

Gateway at Aldridge in Murfreesboro looks like any other new apartment complex. It has a workout room, free Wi-Fi and cozy fireplaces. What's not so obvious is that a bank owns it. Like other apartments that have fallen into foreclosure in the Nashville area, Gateway is a reminder of a troubling and still growing [...]

By | 2010-02-28T12:36:43+00:00 February 28th, 2010|Uncategorized|Comments Off on ‘Third Wave’ of property loan failures imminent
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