Archive for the ‘Business News’ Category

September 2008 Foreclosure activity decreases by 12 percent

Friday, October 24th, 2008

RealtyTrac’s U.S. Foreclosure Market Report released yesterday shows foreclosure filings like default notices, auction sale notices and bank repossessions were reported on 265,968 properties in September, a 12 percent decrease from August, but still a 21 percent increase from September 2007. One in every 475 U.S. housing units received a ...

Warren Buffett on buying American stocks in the time of financial crisis

Tuesday, October 21st, 2008

Warren Buffett, 78 known for his fortune building skills and also the the world's richest man according to Forbes magazine shared the reason for his confidence in buying US stocks when the financial world is in a mess. "The financial world is a mess, both in the United States and abroad. ...

California Foreclosure filings slow down in September

Wednesday, October 15th, 2008

According to September 2008 California Foreclosure Report released by Foreclosureradar.com notice of default filings, which indicate the start of the foreclosure process, fell 61.8 percent in September primarily due to new legislation that went into effect on September 8th. The report says this drop in foreclosure filings was mainly because ...