January 13, 2011 News Corp
Jared Loughner's Ex-Girlfriend Confirms He Did Marijuana & ALSO Took Hallucinogenic Mushrooms
Thursday, January 13, 2011
U.S. Foreclosures May Increase 20% in 2011 to Reach Peak
U.S. homes that will go into foreclosure will climb around 20% to reach a peak number in 2011, according to RealtyTrac Inc.
Rick Sharga, RealtyTrac's senior vice president, told Bloomberg, "We will peak in foreclosures and probably bottom out in pricing, and that's what we need to do in order to begin the recovery. But it's probably not going to feel good in the process."
In 2010, a record 2.87 million properties received notices of default, auction or reposession, up 2% from a year earlier. The number of foreclosures continued to climb despite a probe into questionable lending practices that saw a plunge in foreclosure filings toward the end of 2010, including a 26% drop in December.
Foreclosures have continued to drag down U.S. home prices. However, according to Fannie Mae, home values may see a rise of 0.6% this year which would be its first annual jump since its peak in 2006, after which prices have fallen by as much as 33%.
Banks seized over 1 million homes in 2010 - up 14% from a year earlier. About 3 million homes have been reposessed since the collapse of the housing market bubble. Sharga says the number could rise to 6 million by 2013 because there are still many homeowners out there who have yet to default on their loans.
He said, "What makes this almost inevitable is the fact there are 5 million seriously delinquent loans not yet in foreclosure. They've got to eventually get in the pipeline unless the homeowners cure the defaults."
via FinancialNewsOnline
Rick Sharga, RealtyTrac's senior vice president, told Bloomberg, "We will peak in foreclosures and probably bottom out in pricing, and that's what we need to do in order to begin the recovery. But it's probably not going to feel good in the process."
In 2010, a record 2.87 million properties received notices of default, auction or reposession, up 2% from a year earlier. The number of foreclosures continued to climb despite a probe into questionable lending practices that saw a plunge in foreclosure filings toward the end of 2010, including a 26% drop in December.
Foreclosures have continued to drag down U.S. home prices. However, according to Fannie Mae, home values may see a rise of 0.6% this year which would be its first annual jump since its peak in 2006, after which prices have fallen by as much as 33%.
Banks seized over 1 million homes in 2010 - up 14% from a year earlier. About 3 million homes have been reposessed since the collapse of the housing market bubble. Sharga says the number could rise to 6 million by 2013 because there are still many homeowners out there who have yet to default on their loans.
He said, "What makes this almost inevitable is the fact there are 5 million seriously delinquent loans not yet in foreclosure. They've got to eventually get in the pipeline unless the homeowners cure the defaults."
via FinancialNewsOnline
Interview with John Perkins, author of Confessions of an Economic Hit Man
In this video, the Health Ranger interviews John Perkins, author of Confessions of an Economic Hit Man, Hoodwinked and The Secret History of the American Empire. Here, Perkins discusses his history as an economic hit man, how the U.S. controls and manipulates the economics of developing nations, how U.S. agents organize revolutions or assassinations of world leaders, and how U.S. corporations actually run the whole show. www.NaturalNews.com
BRAZIL FLOODS - DEATH TOLL RISES TO AT LEAST 356, AND EXPECTED TO RISE
This happened after a months rainfall all came down in one day.
Keep these poor people in your thoughts.
2011 is only the start of the earth changes
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