Tag Archives: housing
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
How the Economy is Impacting the Housing and Home Improvement Industries
With the limitations on mortgage lending, and lack of credit that is available these days, for most families the dream of moving into a bigger home has been put on hold. Homeowners have had to do some quick thinking/ strategizing on how to make their existing home and situation a workable one for the time being. It is not a surprise that they decide to do some work on their home and remodel, refinish or expand. If there is an unfinished basement in the house, this is one of the first places to update because it brings in a high return for the money spent when it comes time to sell the home. Many homeowners, especially up north, decide to turn it into a separate apartment or studio space to rent out. They, many times, do part or all of the work themselves.
If adding more space really isn’t an option, upgrading existing rooms is another way to increase value and make the space more liveable. The kitchen is the room that can be the most expensive to remodel, but at the same time have the biggest impact and save you the most money. The kitchen is the hub of the house. Everyone wants an attractive and comfortable space. In the past looking for affordable cabinets left you disappointed at all the shoddy workmanship and poor quality materials. With ready to assemble(RTA) kitchen cabinets you can save your self some money and still have the quality product you admire. You do not need professional experience to put these together. They come with simple directions and usually only need to use a screwdriver to put together.
. They can be found at the home improvement stores or you can order on line if you feel confident of your measurements and know what you want. Take note that some of these have a very low price because the material that they are using is not the preferred one. Many places make the sides out of particle board when they would last much longer using plywood. So, make sure you are asking the right questions as you look for your best deal.
RTA kitchens have been used for years by construction builders. The manufacturers have added more styles and materials to choose from. The quality can be high and your savings significant. They will offer discounts on package orders and depending on the size of the order can offer you free door to door shipping. Without the worry of spending on labor and installing the cabinets, you can spend the money you save and buy the new appliances that you will need anyway. Remember, the sooner you can complete the remodel, the sooner you will be able to rent it out and start to make a profit. Get going. When you are searching for Cabinets for kitchen, RTA Cabinet Store has what you are looking for. Whether you are homeowner or contractor, the DIY aspect of RTA cabinets makes them a great alternative to high priced cabinets. Go to RTA Cabinet Store.com to save 30-40% on cabinets for kitchen.
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