Politicians are playing politics with foreclosures. Because banks used inappropriate “robo” checkers, unqualified and only rubber stamping paperwork on foreclosures, politicians are jumping on this to stop all foreclosures that were rubber stamped. Of course, the practice was wrong and the investigations will need to be done. The banks that did this need to be Read the full article…
The stock market went up Friday on news that the US housing market may have made a turnaround. This is very good news. Is it reliable, or are we being spun with the statistics? Another 500,000 plus hit the unemployment rolls this week. The foreclosure problems are blamed on unemployment. When families are out of Read the full article…
An employee of Charles Schwab told me that one of their top analysts spoke at a conference and told the attendees that America’s banks may be bankrupt. Shocking? Untrue? Maybe, maybe not. Statistics show that foreclosures are about to re-erupt. Rising unemployment and falling home prices are the root cause. While home sales are steadying, Read the full article…
