Tag Archives: Bankruptcies

Foreclosed Home Sales in Spain to Triple Next Year

Posted on November 28, 2010 by Mish

In Spain, where home prices have fallen 22 percent with another 20 percent drop expected, new accounting rules will force banks to make provisions for bad loans after 12 months instead of the 72 months as it sits now. Continue reading →

Posted in Foreclosures, Fresh Perspectives, Home Economics | Tagged Australia, Bankruptcies, Foreclosures, Home Prices, Spain | 1 Comment

The College Debt Trap

Posted on August 10, 2010 by Patrick Butterfield

With only 40% of student debt being actively paid back, this problem is growing worse quickly. Bankruptcy laws need to be changed immediately. Banks and colleges would drastically scale back lending, which is a good thing. College demand would drop, and colleges would be forced to live within realistic means again. Continue reading →

Posted in Banking and Finance, Fresh Perspectives, Social Mood Swings | Tagged Bankruptcies, Consumer Debt, Student Loans | Leave a comment

California to Protect Borrowers from Recourse Mortgages

Posted on June 22, 2010 by Greg Fielding

California is considering a bill that would convert most recourse mortgages into non-recourse loans…meaning that banks would no longer be able to go after borrowers to collect. Continue reading →

Posted in Banking and Finance, Best Of The Storm, Everything About Foreclosures, Home Economics | Tagged Bankruptcies, Collections, Foreclosures, purchase money loans, Recourse Loans, Refinancing, Short Sales, Strategic Defaults | Leave a comment

The next generation of home buyers has too much college debt

Posted on June 2, 2010 by Greg Fielding

The real question is how will spending, saving, and risk-taking behavior change for the 20-and-30-somethings going forward. How many times can we be burned and still be willing to borrow and spend enough to keep the housing market and overall economy afloat? Continue reading →

Posted in Best Of The Storm, Home Economics, Social Mood Swings | Tagged Bankruptcies, College, College Tuition, Consumer Debt, Consumer Spending, First-Time Home Buyers, Housing Bubble, Predatory Lending, Student Loans | Leave a comment

Antioch Considering Bankruptcy

Posted on May 27, 2010 by Greg Fielding

Antioch’s leaders earlier this month said bankruptcy could be an option for the cash-strapped city of roughly 100,000 on the eastern fringe of the San Francisco Bay area. Continue reading →

Posted in Home Economics | Tagged Antioch, Bankruptcies, Vallejo | Leave a comment