Obama administration rejects nationwide foreclosure moratorium

I have to say that I am highly disappointed with the President's decision! So many people are losing their homes to foreclosure and I ask how in the world is that going to make our country better?????

As someone that researches government grants for a living, I have blogged about many government grant programs for those that are looking to buy their own home.

However one of the problems with some of these grant programs is that real estate investors apply for these same grant programs leaving legitimate homebuyers out in the dust!

I surely do hope that the President will change his mind on this!

You can read the article about this by clicking here.

Bank Of America Stopping Foreclosures In 50 States!

Here is an excerpt from the online article:

"A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states."

You can read the rest of the article by clicking here.