Archive | July, 2008
Homeowner’s Act To Save the Day!
If you haven’t heard of Bush’s latest attempt to redeem himself in this economic disaster he’s caused, here’s your chance. Bush signed into law the Hope for Homeowners Act of 2008, on Wednesday to try to pull at least 400,000 homeowners out of foreclosure. If you qualify, you can get your old mortgage replaced with a brand new 30-year fixed rate loan for up to 90 percent of your home’s current value. Ok, but, you know who’s behind this deal right? Bush! So look for a few catch 22’s in there. Like the fact that it’s still up to your bank whether to extend you the benefits of the new law. And oh yeah! Look at the part about what happens when or if you’re able to sell your home after refinancing through the government. Here’s a full Q&A of the new law, so you can see for yourself if this is at all helpful.
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Woman Stuck To Toilet Seat Shows Mercy
30. July 2008
Men always talk about women taking up too much bathroom time. But two years? That’s a little extreme wouldn’t you say? A man on trial for mistreating his live-in girlfriend was shown leniency by his girlfriend’s request after he let her sit in a bathroom for two years. He finally called the police to help her out, but by then she was stuck to the toilet seat. Police estimate she had been sitting on the toilet for about a month. Read the full story here.
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Extreme Makeover Home in Foreclosure
29. July 2008
It appears that no one is safe when it comes to losing their home. If Ty and his gang show up on your doorstep to tear down your home and rebuild a palace for you, you would think that your troubles are over. The Harper family, in 2005, received the biggest house that has ever been built by the construction wonders. Now, the family has made a poor financial decision and are packing up their belongings. They borrowed $450,000 against the house to begin a business and the rest is history. Read all about it here.
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GM Down Toyota Up
24. July 2008
Is anyone driving a Cadillac anymore? GM’s sales say no. Toyota on the other hand has every other person in America behind the wheel of an Avalon. The New York Times reports that in the first half of 2008, Toyota outsold GM by nearly 300,000 cars. The car industry behemoth is struggling under the economy’s production costs. Wednesday, Chrysler chimed in to the tune of the cutting of another 1,000 jobs. Read the full story here.
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Leaving Las Vegas
24. July 2008
Las Vegas may have to roll up the red carpet, bring in the gondoliers, use less lightbulbs (or the curly cost effective kind) and finally retire Wayne Newton. The state is experiencing a drought and two major waterways are drying as we speak. According to a new report, the damage that has been done will cause two major lakes to completely evaporate within 13 years. The trickle down effect could be a hike in unemployment. This is one very good example of what happens when we sweep our air pollution problems under the rug. The drastic climate change that results will deal with us if we never choose to deal with it. Read the full story here.
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Home Sweet Home
24. July 2008
Have you noticed your neighbor’s “For Sale” sign out front for over a year? Well, maybe it’s because they can’t give it away. According to the National Association of Realtors, sales dropped by 2.6 percent last month which is double the drop that was expected. It appears that if you’re a homeowner, you had better hold on to your property until things shape up. This economy is either forcing you to stay in your house or forcing you out of it…no in between. Read the full story here.
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30. July 2008
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