Tag Archives: years
Six Million Final Stage Foreclosures In America by 2014
In the United States, a Bank Repossession of a home is the last part of the foreclosure procedure that usually involves three foreclosure notices. This is typically the stage at which a struggling homeowner is forced onto the street. When the media reports on a certain amount of foreclosure cases in a particular month, this figure includes cases that are in any of the three stages of the foreclosure process.
A reputable source of information on foreclosures in America that is found in the public domain takes the form of RealtyTrac. RealtyTrac collects and organizes data on foreclosure filings that occur at a local level throughout the country. Detailed reports on foreclosures are released by them at a fee, although it does release limited amounts of information at no cost which are provided to various media outlets.
Foreclosure Statistics so Far
There are at this time no governmental agencies that report on the massive extent of damage suffered by the housing market as a result of the questionable tactics employed on the part of Fannie and Freddie, along with Wall Street. Since the beginning of 2005, an alarming 3.7 million families have been forced onto the street. Considering an average of 2.3 people per family, that translates into approximately 8.5 million Americans who have lost their homes. It will indeed take some years yet for the full impact of the greed and corruption that has severely damaged the housing market to be fully witnessed and comprehended.
Foreclosure Numbers Expected to Rise – Based on independent research of RealtyTrac figures, it has been estimated that as many as six million households will suffer the loss of their homes before the worst of the housing crisis has come and gone. It’s nearly impossible to understand the awful level of personal tragedy represented by these kinds of statistics if one has not been personally affected by it.
Due to the backlogs present in foreclosure procedures and the delays involved in the filing process (it took an average of 150 days to resolve one foreclosure case in 2007), we can be certain that comprehensive foreclosure figures are sure to rise in the few years that lie ahead.
Loan modification process
The loan modification process, if undertaken responsibly and with an informed approach, is able to provide families with real hope in their efforts to hold on to homes that are precious to them for many valid and understandable reasons. If only there was a way to ensure that people had access to truthful information and expert guidance as they explore the loan modification process.
Some of the things that a loan modification applicant should be aware of is whether or not they are pre-qualified financially, and how best to prepare their loan modification package. We do not provide advice as to whether or not pursuing loan modification represents the best course of action in a specific situation. We view our role as informing prospective applicants of the possible outcomes if they are intent on heading down that path. Knowing your potential qualification chances is critical, and since banks opt to keep that secret, we are committed to making that knowledge available to you. This empowers you. You have a right to know where you stand from the get go.
For more information on how to best qualify for a loan modification, please visit
Logbook Loans-Get an instant relief from financial pains
Owning a car is not mere a driving pleasure. Nowadays, one can access the finance needed immediately to overcome their financial pressures. Logbook loans are pertinent financial assistance for car owners who are ready to secure the logbook paper and looking for the swift and hassle free financial assistance. Logbook papers are legal document of your car that prove your ownership and comprises of vital details about your car. If you are facing some unforeseen fiscal troubles, get applied with this loan aid.
Bad credit factors often let you turn down and let you face loan rejections. Here, under the assistance of logbook loans you need not have to face the credit hassle at all. Thus, whether you are affected with several bad factors like insolvency, foreclosures, bankruptcy, CCJ, arrears, defaults and so on, you are welcome to get this loan aid. Thus, there will be no mess and trouble related to credit issues.
Loans against car are kind of secured loan that do not let you place the physical asset. You can arrange the loan money on the basis of the logbook paper of your car. You are allowed to borrow the loan money ranges from £500 to £50,000 with flexible and convenient repayment tenure of 3 to 7 years. Use the money for meeting any desired purpose without any lenders intrusion such as meeting hospital bills, go for exotic vacations, pay off home loan installments, wedding expenses, start a new venture, higher education fee of your kids and so on.
Several prerequisites are needed to be fulfilled to get the approval of logbook loans, such as:
1. Applicant should be a stable resident of UK
2. Completing the age of eighteen years or above is necessary
3. The car you own should not be more than eight years old
4. The car should be registered under the name of the applicant only.
5. It should be clear from all dues and taxes
6. You need to be in full time employment
7. Earning at least £1000 per month is necessary.
8. A checking account is also needed for online transactions
Searching the affordable deal at World Wide Web is beneficial. There are number of lenders that are offering the loan deal at competitive rates. Moreover, reading the terms and conditions carefully is necessary before applying for the loan. Few minutes and get the assistance of this loan deal in perfectly easy and convenient method.