A lot of things are pointing to blanket stoppage of all home foreclosures: one is the recent move by Bank of America to freeze foreclosures in all 50 states and the other is the upcoming November 2 midterm elections where people will surely think about the reeling economy when they vote. However pressing these two events may be, a top Read full article »
Tag archives for GMAC
More And More Clamor For Halt In Foreclosures
When the country was hit by the economic crisis, the real estate market was hit the hardest. Even now, when the economy is already starting to stabilize, the real estate market is still struggling to keep its grounding – aside from the declining prices, the mounting number of foreclosed homes is proof of this. It is then no wonder that Read full article »
Ongoing Debate: Will Stopping Foreclosure Help The Housing Market?
Housing economists and analysts go back to the question of whether it’s still worth saving the current market or if it’s better to let the market free fall and think about the housing market’s future. Though it is admirable how some homeowners are currently fighting off dubious foreclosures, this move has perverse effects on the housing market in general. Most Read full article »
No Foreclosures For 23 States As GMAC Mortgage Halts Foreclosures
The housing market is still trying to recover its grounding. This is why lawmakers and lenders alike are pulling back on foreclosures and doing all they can to keep the people in their homes. This is why government partly-owned Ally Financial Inc. has put a stop to foreclosure-related evictions in 23 states. A September 17 memo, stamped “Urgent”, was recently released Read full article »
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