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 laws they are helpless to stop. But they are trying to resolve the matter following a carrot and stick policy.
The Deadline for the Settlement Over Foreclosure Abuses
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 wanting answers quickly to 38 questions she has posed. A.G. of California Harris thinks the settlement term is inadequate for her state.
Foreclosure - Unemployment, Underemployment, Politicians and Bureaucrats
Unemployment, underemployment, politicians and bureaucrats are shrinking buyers and increasing foreclosures.
Foreclosure Crisis Shrinking the Middle-Class of America
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 motels. The worst sufferers are the children whose future dreams are coming to naught. Personal stories are highlighting their plight.