Tag foreclosures

Don’t mourn, organize

Susie Madrak Did you know that during the Greater Depression, communists and socialists organized people all over the country to stop foreclosures and evictions? Why aren’t more of us doing it now? She details how some groups are doing something…

No foreclosure peak until 2011

RealtyTrac says foreclosure notices rose 4% last month, the 17th straight month filings have exceeded 300,000. And RealtyTrac’s Rick Sharga tells MarketWatch News Break that foreclosures may not peak until 2011 AR, NV, FL top the list, with Nevada being…

Strategic default is not a moral failing

“Strategic default” involves homeowners deciding to walk away from their homes and mortgages, not because they cannot afford to pay, but because they owe more than their homes are worth. Read the news, and you’ll see that a lot of…

Bailout watchdog: TARP’s a flop

Chart from Business Insider (Read the whole article) The watchdog charged with monitoring the government’s $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness. Specifically, TARP has neither boosted bank lending…