Foreclosures to rise whoever wins White House »

Posted By STONERS 1 year, 4 months ago in News

Home foreclosures will keep rising next year no matter who is elected president in November.

Read Full Story at news.yahoo.com »

329 Views Share Story 24 Comments Report

Submitted By:
STONERS

Welcome to my profile...I've started a ""STONERS Daily News Group"" Please stop by and have a look and join if you like it ...

Other Related Articles:

Why not submit a story?

RSS Join the Discussion

+ Add Comment
Comments So Far: 47 (view all)
- Display
  • Neutral
    STONERS1 year, 4 months ago

    This comment is below the standard viewing threshold View It »

    "Even the optimism that surrounds a new president taking office cannot resurrect home values overnight, and presidents have no direct ability to reduce rising mortgage rates. Nevertheless, Democrat Barack Obama and Republican John McCain both promise help for homeowners facing foreclosure."

    Guess we will have to wait and see "who" will help.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    5 Replies

    loading loading ...
  • Neutral
    2sidestoeverything1 year, 4 months ago

    This comment is below the standard viewing threshold View It »

    It will take many years to get out of the mess we are in. There is no quick for anything.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    3 Replies

    loading loading ...
  • Neutral
    bubba21 year, 4 months ago

    This comment is below the standard viewing threshold View It »

    It sure will take many years.

    Foreclosures are on a record pace in the Memphis area, especially rental property. Renters are being evicted, with little to no advance notice, because the owners of the rental properties have defaulted on their mortgages.

    The vast majority of the American people continue to suffer because of the horrid mess and evil that has been perpetrated for the last 7 years by the Bush administration.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    11 Replies

    loading loading ...
  • Neutral
    Amazing11 year, 4 months ago

    This comment is below the standard viewing threshold View It »

    As the dollar continues to circle the drain, the Fed will eventually be forced to raise interest rates. This will worsen the foreclosure mess. If they lower interest rates, everything else will rise in price. The Fed is between a rock and a hard spot. And they only make matters worse when they pump more fiat currency into the economy. Recession? Hah! I figure it's going to be a depression before all is said and done.

    A new president cannot stop it. There are some things they can do to prevent further damage in the future. Like making sure lenders and borrowers alike are really looking at the viability of any home loan.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    7 Replies

    loading loading ...
  • Neutral
    engineer1 year, 4 months ago

    This comment is below the standard viewing threshold View It »

    Wonderful Legacy

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    5 Replies

    loading loading ...
  • Neutral
    DaneL1 year, 4 months ago

    This comment is below the standard viewing threshold View It »

    The housing market will seek it's own level and then begin rising just like it always does. Now is the time to buy that second home or rental. Don't tell me you didn't stock pile any money. If you didn't you are missing a great opportunity.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    1 Reply

    loading loading ...
  • Neutral
    texangelwings1 year, 4 months ago

    This comment is below the standard viewing threshold View It »

    A lot of homes were sold over the past 5 years, to people who have lost good paying manufacturing jobs, were un-educated in process of purchasing a home and taken advantage of, so there are still a lot more foreclosures as more jobs are lost! And what are our Representatives doing to stem the tide of foreclosures?....nothing! Another cleanup after Jr. job!

    Good article, thanks STONERS!

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply
    loading loading ...
    • Neutral
      wrobbins401 year, 4 months ago

      This comment is below the standard viewing threshold View It »

      We lost our home in 2006 we got no help from anyone now its a broken down looking piece of ****** grass 2 ft high windows broke out and in ground pool like a swamp. Let the mortgage company have it Ill never own again!! And they wont get a dime from us!

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply

      2 Replies

      loading loading ...
    • Neutral
      nostalgia1 year, 4 months ago

      This comment is below the standard viewing threshold View It »

      The article indicates that "Differences have to be worked out between Dodd's plan, in the Senate, and a similar House proposal by Rep. Frank, D-Mass."

      Read what was written about these bills before you take a position

      Frank bill:

      The Frank bill in the House isn't getting good reviews and may even be worse than the Senate bill

      http://worldnetdaily.com/index.php?fa=PAGE.view...

      Dodd bill:

      A Pro-Foreclosure Bill

      The Senate's housing relief needs repair

      We know that legislation can involve a certain amount of moral and intellectual corner-cutting. But is it too much to ask that a bill called the "Foreclosure Prevention Act of 2008" not contain a provision that might, at the margin, encourage home foreclosures? Apparently so, because the bipartisan Senate housing relief package includes just such a measure.

      http://www.washingtonpost.com/wp-dyn/content/ar...

      This was written BEFORE Dood's sweetheart mortgage came to light

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply
      loading loading ...
      • Neutral
        jordan111 year, 4 months ago

        This comment is below the standard viewing threshold View It »

        The fate of those facing foreclosure lies with the Congress, not who will be President. If people want real change, that's where the real hope lies. I doubt Obama will be able to a lot about anything, given the dysfunctional Congress we currently have.

        (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
        Reply
        loading loading ...
        • Neutral
          Cityslicker1 year, 4 months ago

          This comment is below the standard viewing threshold View It »

          Sad , people are losing their homes , but some do because they were told the ARM could get them into a home out of their budget , they bought , now can't afford , and some just plain can't afford because of rising energy and food prices or have lost job because of high energy prices .

          The smart S&L , and Energy Racketeers know people are in trouble and yet they make the cost of living go up to prop up the S&L market which causes a fall in Housing and rise in Energy , brilliant .

          Saw that the U.S. did a secret mission just yesterday to remove Uranium from Iraq , wait a minute , thought Iraq had no WMDs ?

          (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
          Reply
          loading loading ...
          • Neutral
            emailkyloe1 year, 4 months ago

            This comment is below the standard viewing threshold View It »

            The inherent value of the dollar lies not with "Congress" or the "President", but lands squarely on our own shoulders.

            As such, inefficiency of this 'value' may lead one to abscond to the lowest levels of the economic abyss, into intellectual slavery, the very heart of Capitalism, Imperialism and totalitarianism.

            Since the apparent demise of the barter system for a vindictively contrived implementation of anew, namely Capitalism, economics became a tool more-ever than an necessity for conglomerates. The expanding liberty of economics dissipates the very entity of liberty for the masses.

            What does this mean?

            Billion dollar profits(and rising) for the excrescent corporations. Total control of oligarchies, tense economic dictatorship and vehement policing.

            (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
            Reply

            1 Reply

            loading loading ...
          View All 47 Comments

          Add a Comment

          Sign In With Your Propeller Account

          Forgot your password?

          Please keep your comments relevant to this story.

          To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

          Submit a Story

          Advertisement

          Story Tags ?

          Hey! If you Sign In, you can add tags to this story!

          Also Dropping This Article

          No one has dropped this story.

          Groups Watching This

          No groups are watching this story. Why not share it with your groups?

          Also Submitted By

          No one else has submitted this story.