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The deadline for reaching a settlement between the banks and the administration has been set at 3rd February. But the attorney general ofNevada, Masto has sent a letter to the investigating team wanti...
Unemployment, underemployment, politicians and bureaucrats are shrinking buyers and increasing foreclosures.
Reporters have been finding out that across America the middle class is shrinking. Those who previously had homes of their own are now roughing it out with friends and relations or in shelters and mot...
Recently, protesters gathered in front of Senator Pat Toomey’s office demanding extension of unemployment benefits to all and extension of tax cuts on payroll; both are set to expire in 2011. In Penns...
Pressure being placed on Attorney General of California to return to the foreclosure settlement talks.
At the time of the boom in Las Vegas when hurriedly residences were coming up to meet the high demand, many defects were noticed in the condo units. This led to legal wrangles. In this atmosphere a ra...
In Charlotte, the government is considering if Wells Fargo, Bank of America and others have illegally foreclosed homes of many military families. Cases are now being reviewed. There is a law that prot...
The first quarter of 2011 saw economy slow down thanks to bad weather, tightening of purse strings of government but above all because of continued increase in gas prices. Many think that this is just...
California depicts the nation in a mini form and points to future trends. Life here is not only sunny but there are equal dark patches – surplus in Silicon Valley and dire poverty in rural Central Val...
Thanksgiving has taken on a different colour as the downturn in the economy continues with foreclosures and unemployment. Even then the people try to make the day different either by toning down their...
The 39 cities of Rhode Island are insanely independent with each having rules even to set up a tent for a dog show. All told this is vitiating the business atmosphere – the worst affected being the sm...
Developers are apprehensive of a wave of foreclosed hotels entering the market as within a year commercial loans taken by the hotels will mature. There is little chance of these loans being refinanced...
A new class of rich are pulling down heritage buildings in Beverly Hills and replacing these with more commodious mansions. The local authorities are worried at this trend but right now without new la...
Many job applicants are complaining that they are being discriminated against. Their applications are not being considered on the grounds that they have been out of work for too long. The new bill tha...
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