Home foreclosures up seventeen percent in the third quarter of this year compared to third quarter last year..

Question

Is this an indication of things to come concerning the economy?

Answer 1

there are other indicators of our booming economy. For instance:

Personal savings is at an all time low.
Personal debt is at an all time high.
Health care costs have nearly doubled in the last 6 years.
College tuition has nearly doubled in the last 6 years.
Several bankruptcy records have been set in the last 5 yrs

Yes, it sure looks like that record DOW is an excellent indication of how the economy is for the average American...... detect any sarcasm???

Answer 2

Yes, it is.

Interest rates have risen in the past year or so, causing homeowners who have Adjustable Rate Mortgages to see their payments increase dramatically. They can't afford the new, higher payments, and struggle along until a hardship occurs and they fall behind.

And the higher cost of lending (higher interest rates) has caused property values to drop, which makes many homeowners find out they're upside down in the mortgage, owing more on the loan than the home is worth. This makes selling the property to stop foreclosure more difficult, and necessitates a short sale process.

Also, banks are tightening up their lending policies and making it harder for homeowners with bad credit to obtain new mortgages. This will make it even harder for these homeowners to refinance their way out of foreclosure. Especially since, under the new lending guidelines, the homeowners don't even qualify for the loans they are in curently.

So yes, foreclosures will continue to increase, and homeowners will have a tougher time finding any solution to stop foreclosure and prevent losing their homes.

Welcome to 2007.

ForeclosureFish
http://www.foreclosurefish.com/

Answer 3

the federal Reserve controls our economy, interest rates etc, they are a privately owned corp, the federal reserve was sold to the Jewish banking cartel by Pres. Woodroe Wilson who went to his death bed moaning he had sold out his country, he was tricked, there is not enough room or time to explain it on this forum , but you can do your research and find the answers, by typing in federal reserve and follow the links, but, it is a very crooked corp, for example , millions of people bought homes during the housing boom at 3to 4 % interest rate on a A,M,R, with the understanding the rates would be stable for another 5 years, but, the fed, Res, has raised the interest rate to in some cases to 12%meaning the people who had house pmts at say $1200 per month their pmts were close to $3,000 per mo, when they defaulted on their pmts they were foreclosed on, then the banking cartell has their people unknowing to the people buy these houses for less than half value and hold them until the market comes back , millions made by one little trick, there are many other ways they screw the people,
there is a oppertunity for the small investor to make a little money on these houses but, the big money is made by subs from the fed, Res,






































43,000

Answer 4

This is an indication of the things the Bush administration don't want you to know. It's amazing out they are hiding the fact that the economy in the U.S. is shrinking. The FOMC has interest rates choking off expansion. The cost of the Bush deficit is driving up interest on treasury bills and sucking up investment capital.
I am not a liberal. I am a fiscal conservative. I can say that Bush and his new liberal fiscal policy of spend and don't tax is going to bite us in the behind very shortly.

Answer 5

this is actual achieveable in case you place your strategies to it! indexed right here are some suggestion for paying for the grades you elect: - bypass on your instructors and ask them approximately help (after college, study era, etc.) get all the help from them as you may on account that they are those offering you with the grade - don't be a procrastinator! i've got had studies with this, and that i understand its annoying yet once you separate some time the two and unfolded the artwork, you will get better consequences have confidence ME - for exams/quizzes, study fairly each evening. whether it means ten or fifteen minutes, each little bit facilitates. attempt looking a study technique that works (flash enjoying cards, taking notes, etc.) - while engaged on homework, do each question which you realize the answer to. for solutions which you will't look to get, seem on your notes/textbook and attempt logging directly to confirm what you may with regard to the priority. in case you nevertheless can not discover it, mark it and ask your instructor approximately it. - do not complication approximately what individuals's grades are. whether they do finally end up over one B, this is not suitable. this is a sturdy undertaking which you realize crying over one little undertaking won't help. in case you think of you deserve better grades in a number of your training, then communicate on your instructors and notice what they are prepared to grant. i'm specific you will have the means to pull something off. wish I helped and robust success!

Answer 6

no, its an indication that the overly greedy property flippers have hit their limit and things are going back to normal. people bought houses they could not afford with extreme creative financing. now, the time is up for those strange payments and they cant afford them. and, homes bought solely for profit by those who could not really afford them, are now stuck.

Answer 7

No, it does show that people were stupid and bought more house than they could really afford. Now many of them are having their ARMs readjust to higher rates and this will really take off. I look forward to picking up some real bargains soon.

Answer 8

No, this is an indication of the typical American trying to live beyond their means.

Answer 9

Ken, stop digging through my laundry, the question you posted was from 2 months ago, and it was a complete joke, ya know as in "ha-ha"!

Answer 10

Confidence bourne out of the prospect of a Democratic Congress. I suppose the only way now is onwards and upwards.