We have gathered the latest Real Estate Market and Housing news,to keep us updated in what’s happening with our neighborhood.
Millions of older americans at risk of foreclosure.A growing number of older Americans are falling into serious mortgage debt, with 3.5 million borrowers over the age of 50 at risk of losing their homes to foreclosure, according to the AARP. Read full post here.
America’s Emptiest Cities: It’s no secret that the U.S. housing market has seen better days. From falling home values and impaired labor mobility to backed-up inventories and a flood of foreclosures, the real-estate downturn has affected the economy at large in countless ways. Read full post.
When a company or individual files for bankruptcy, they are in a state of insolvency: Unable to pay their debts, they require legal protection to relieve or restructure outstanding obligations. Although it’s much more common for these private parties to declare bankruptcy, U.S. public entities such as towns, counties and other municipal agencies in financial straits can also file for bankruptcy protection under Chapter 9. Read full post.
Find out the TOP 10 causes of American housing crash. Read full post.