As many as 1.25 million of America’s least cared for homes are headed for auction after a year-long probe into foreclosure practices kept them off the market. – Bloomberg.com
Post Tagged with: "foreclosures"
March 21, 2012 07:37
False Flags in Housing Numbers
“When this housing recovery theme falls apart, the bull cases across a number of sectors will have their legs cut off over a three-month period, just like last year. And the gap between the consensus (further improvement into springtime) and the more-than-likely realization that the double dip continues is extremely large.”
February 28, 2012 05:53
Billions in foreclosed homes to go to connected investment companies
“[T]he federal government is about to dump millions of the foreclosed homes at fire-sale prices to hedge funds and private-equity firms with government connections. If you’re an individual investor who might like to get in on the action, forget it! You’re shut out of this deal.” – Addison Wiggin
January 12, 2012 05:49
Home Seizures May Jump 25% as U.S. Foreclosures Resume
The number of home repossessions is likely to rise about 25 percent from the more than 804,000 properties seized last year as lenders resume foreclosure actions, Daren Blomquist, a spokesman for RealtyTrac. – Bloomberg.com
December 21, 2011 10:24
Evil Is Still Lurking In The Shadows Of That ‘Strong’ Housing Number
November’s annualized single family starts – actually lower than the starts in November of 2010 (454,000). – Business Insider
September 15, 2011 04:23
Mortgage default warnings surged in August
The number of U.S. homes that received an initial default notice — the first step in the foreclosure process — jumped 33 percent in August from July, foreclosure listing firm RealtyTrac Inc. said Thursday.
February 23, 2011 07:40
Home Prices in 20 U.S. Cities Fall 2.4% From Year Earlier
Home prices are still declining amid excess supply,” “Although transactions have started to pickup, buyers are looking for very low prices. -Bloomberg.com
January 3, 2011 05:59
How I Missed the `Housing Recovery’ of 2010
What housing recovery? If there is, or was, one, it is nowhere to be found in the data.
December 6, 2010 12:20
The con of the century – Federal Reserve made $9 trillion in short-term loans to only 18 financial institutions. Since 2000 the US dollar has fallen by 33 percent. The hidden cost of the bailouts.
The Fed operated as a global pawnshop taking in practically anything the banks had for collateral.
November 1, 2010 12:25
15 million homeowners ‘under water’ – flood of pending foreclosures?
FNC legal analyst Bob Massi discusses why millions of Americans can’t afford their homes.
