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Bankruptcy Law Changes, Tenants Face Evictions as Foreclosures Grow

Bankruptcy Law Changes May Not Cut Home Foreclosures
January 14, 2009
Bloomberg News

A proposed change to bankruptcy laws that would allow judges to reduce consumers’ mortgages may not succeed in reducing the foreclosures that have been dragging down property prices, according to a Barclays Capital strategist.

Banks Take Back 1/4 Million California Homes in '08
January 14, 2009
San Francisco Chronicle

ForeclosureRadar, a paid service that tracks foreclosure listings in every California county, has issued its December and year-end report, and the numbers are grim.

Tenants Face Evictions as Foreclosure Crisis Grows
January 14, 2009
NY1

For thousands of renters, eviction notices are becoming the norm as property owners continue to fall into the trap of foreclosures.

Posted: Wed, January 14 2009 9:49 AM by Octavion
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Comments

Akilesh said:

[70] mossberg  Successful folks like me arent going to sit noaurd while the hippies figure out a way to loot our earnings. We are already well into a diaspora, and it will only become a larger flow.  Not just citizens but capital.  FDI is off, but more importantly, domestic investment is off (in fact, FDI is not off as much because foreigners actually have more protection from c0nfisc@tory governments than domestic investors).  If those city councillors that are threatening Brookfield had any foresight, they'd be worried about their ability to fleece a class that has left the city.And when I was ruminating on this topic last night, I could not help but notice how much the anarchist and OWS protests resemble, at times,  the Kristallnacht.  Even the motivations of some are eerily similar.  Only thing missing is the word  Juden.

# March 11, 2012 1:29 AM

Jenaro said:

you can issue the check after the clients have won the aticuon.I have bought 2 houses in aticuons myself (in California), and they always required you to bring a cashiers check in excess of your bidding price prior to the bidding process.  So how can you provide the financing after the winning?

# March 12, 2012 9:19 PM
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