Real estate - Mortgage Applications Drop
Thursday, November 13th, 2008applications index has plunged by 23 percent, from 591.4 to 455.4 during the week that ended September 26. buying foreclosed homes
In an attempt to minimize losses from the financial meltdown, the government was willing to help out these troubled investment firms in the form of a $700 billion bailout plan. Despite the huge amount, many analysts and financial experts are not sure if the amount would be enough to also provide assistance to the millions of homeowners who will be hit by the financial crisis. For this reason, New Jersey Legislature is considering its own set of bills that will further protect homeowners from foreclosure. buying foreclosed homes