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New York New York Real Estate Blog; March, 2009 Archive |
03/20/09 09:41
Foreclosure filings rose in February to nearly 300,000. That is up 6% from January and the third highest monthly figure since 2005 when the housing market turned south.It is no wonder that buyers are sitting on the sidelines waiting for a better deal, people. With this kind of information everywhere you look in the news, spouting worse things to come. Read more: Why can't anyone report on housing positives? [click] Index for New York
New York Tags: housing market • foreclosure • positive housing news • realtytrac •
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03/05/09 10:45
If you want to solve a global financial crisis, you have to start from the source of the crisis and give more purchasing power to the consumer--and in a financial crisis such as what we have today, it may well mean restructuring their loans in such a way that payments are deducted from principals than interest rates.Read more: Solving the Crisis [click] Index for New York
New York Tags: principal reduction • writing down mortgage loans •
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03/04/09 23:24
Although many have said the President Obama's $75 billion Mortgage modifications is not a very good idea, yet he is still depending on them to stop or lessen the foreclosure crisis.Read more: 75-Billion Mortgage Modification Starts [click] Index for New York
New York Tags: mortgage modification • mo mod • foreclosure prevention program •
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