Many feel the foreclosure epidemic is showing no signs of slowing down. As millions of Americans find themselves under water with their mortgages, some organizations and leaders are trying to help. Facing foreclosure is stressful, but there are ways to avoid it. There are several free seminars planned … [Read more...]
Home Ownership Rates Second Highest in History
October 7, 2011 By Leave a Comment
The US Census Bureau just released new data showing that the home ownership rate for 2010 is the second highest on record, behind 2000. That's since the collection of this data began in 1890. But home ownership has experienced the largest decline since the period between 1930-1940. In the last ten years … [Read more...]
Perkins Bankruptcy Proceeds
June 15, 2011 By Leave a Comment
A company known for pie and breakfast food is going through bankruptcy. Perkins & Marie Callender's Inc owns and franchises about 600 restaurants around the country. According to Bloomberg the company won a court approval for a $16 million financing plan that will help them stay open while working … [Read more...]
Tables Turned as Bank Gets Foreclosed
June 6, 2011 By Leave a Comment
Score one for homeowners. The tables turned on Bank of America after a Florida couple says the lender filed foreclosure papers against them. The problem? The couple had paid cash for their home. The case went to court and a judge in Collier County ordered Bank of America to pay the couple’s legal fees. … [Read more...]
Debt Settlement Company Banned from Missouri
April 30, 2011 By Leave a Comment
Missouri is sending a message loud and clear: debt settlement firms with bad reputations are not allowed! Missouri Attorney General Chris Koster ordered one such firm to stop doing business in the state. Florida-based debt settlement company Vortex Debt Group agreed to refund fees paid by 300 Missouri … [Read more...]
Gas Prices Leave Consumer Confidence Running on Empty
April 29, 2011 By Leave a Comment
Consumer confidence is dropping thanks to rising gas prices. According to AAA, on average a gallon of gas costs $3.89 which is nearly 30 cents higher than a month ago and more than a dollar up compared to April of 2010. That's pushing a larger percentage of consumers' budgets toward the pump which means … [Read more...]