Warnings on Deflation
U.S. money supply is today on the level of 1930s. Here are predictions for 2010.
What Is Foreclosure Consideration?
While the world’s economy is still in collapse, thousands and thousands of people loose their homes. Do the banks really give you monetary loan or they just play paper money? If you are facing foreclosure, watch this video.
Do Home Prices Stabilize in the U.S. Cities?
Well, “home stabilize in 60% of American cities,” the Associated Press from Los Angeles reported recently, “but foreclosures or distressed properties constitute 1 in 3 sales.” It is still a sad picture even the government assigned billions of dollars to stabilize the housing market.
The National Association of Realtors said that median sales price for previously occupied homes rose in 91 out of 152 metropolitan areas as it was compared 1st quarter of this year with the same three months of the last year.
Why Is Society Being Dumbed Down?
Ever thought about it? Here is how Dr. Mercola explains this “phenomenon.”
Let the Green into Your House
What can be better than to be in close connection with Nature, vreathe in fresh aid and be surrounded by beautiful plants, trees and flowers? Here is the story of Glen and Wing, and their Green House. Let the Green in.
Chase Bank Plays Masterful Tricks as Usual That Lead Its Customers Nowhere
If Chase bank had enough power to be above the law (this is what this institution tries to do), it’ll take hostile takeover of all properties from the homeowners struggling to pay their mortgages given to them by Washington Mutual. In spite of its “optimistic” advertising about how this bank is willing to help these people by refinancing existing loans or loan modfication, Chase cannot report any success on this side of the business. Its refinance rate of existing mortgages is almost zero, but modification rate has reached WOW! –a whole 5%. This is hilarious! What about other 95%?! As usual, Chase bank is just playing its creative games with millions of homeowners who have financial difficulties, and is using masterful tricks to do so.
Economists Predict A Decrease of Real Estate for Sale
At the beginning of this year economists predicted a decrease of real estate properties offered for sale in the U.S. From one side, this prognosis is positive because the prices in real estate can go higher, and the market can be slowly restored.
From another side, these news are not so good for the buyers who are going to acquire real estate now and are looking for bargain prices. By other words, the real estate market can turn into a limited choice for buyers. This problem can come up because of the still existing financial crisis, architect and engineering companies don’t have the same volume of projects to design as before when the real estate market was doing well. It means that the market will not match an increase in population and arrival of new immigrants.
According to the U.S.A. statistics, it is necessary to build every year 1.5 million new properties to meet a demand in housing the population that increases every year.
MBA Is in Trouble As Are Millions of American Homeowners
Our modern life is full of surprises. Every day brings a new one. The Wall Street put in trouble not only milions and millions of homeowners, but the Mortgage Bankers Association (MBA) got into the same windmill. MBA has agreed to sell its Washington headquarters for a loss of $38 million, after property values in the area took a tumble. The industry’s largest group found itself underwater on the mortgage.
This is not big news, and MBA is not only one turned to be unfortunate. The banks have millions of customers in the same boat. Do they try to deal positively with so many mortgages they service that are today underwater? Obvioulsy, they find that to work on resolving of existing problems with mortgages is a waste of their precious time. Their goal is to make money, no matter what. So, they make their billions on junky bank fees, late fees, credit cards penalties, other fees. We have to say, they successfully achieved their goals and made billions of dollars, as statistics say.
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Frederic Chopin Nocturne for Your Weekend Relaxation
Memorial Day weekend started. Lots of fun activities, good time… Don’t forget about taking your time for relaxation, too.
American Banks Need Healthy Reforms
As former governer of New York Eliot Spitzer said in an interview with Harry Smith about bonuses paid, and the reasons behind the outrage about the banks as they prepared for record payouts to their executives. Such a paradox! Banks reward themselves for their failures?! And they are right because they did not fail their institutions, they failed their customers. Banks need fundamental reforms that will help to improve the whole banking system for the people’s benefit.
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