The government’s program to prevent foreclosures is falling far short of its stated goals, a congressional watchdog reported.
The Treasury’s Home Affordable Modification Program (HAMP) is likely to fulfill less than a third of its goal of preventing …
Las Vegas has always been a place of dreams, promising that pennies can turn into fortunes, cities can rise from the desert, and property values can rise without limit. But you can also lose your shirt there, and the real estate crash has hit Sin City harder than any other place in the country.
Continue reading A Winning Streak Goes Bust: Ghost Towns of Las Vegas [VIDEO]
A Winning Streak Goes Bust: Ghost Towns of Las Vegas [VIDEO] originally appeared on DailyFinance on Wed, 08 Dec 2010 07:00:00.
Filed Under: Economy, Real Estate, Video, Special Report
For a while, it seemed the housing crisis had been averted. Now, Gary Shilling, president of economic consulting firm A. Gary Shilling & Co., says that things are likely to get worse. He predicts that housing prices could fall another 20%.
Continue reading Gary Shilling: Home Prices Could Fall 20% More
Gary Shilling: Home Prices Could Fall 20% More originally appeared on DailyFinance on Fri, 05 Nov 2010 08:33:00.
Filed Under: Economy, Investing, Real Estate, Video
Despite new federal laws designed to protect them, many tenants are caught up in foreclosure dramas as building owners struggle to hold on to their properties. And if the real estate market doesn’t improve soon, the problem cou…
After a 16-day review of its foreclosures, Bank of America says it found no problems with any of them, and now it’s ready to resume processing the paperwork. But that’s a claim so unbelievable it doesn’t pass the straight-face …