Are ghost malls going to haunt the economy?
Comment: Not only was your article a little over the top with the gloom and doom, but I couldn't help but notice that you
took the opportunity to show your true colors and, totally unrelated to anything, take a poke at Bill Kristol. What was that all about?
Comment: Los Angeles 02/2008 DATELINE --- ACCORDING TO RECENT REPORTS, IT'S amazing how many homeowners will not fight the foreclsoure process. According to borrowerhotline .com, more than 70% of american homeowners accept their fate and eat the pain of a forclosure. This information is offered by Maher Soliman, the web site publisher and managing director for NLS.
According to the website, in June this year the secretary of Housing and Economic Development of the Patrick administration Dan O???Connell took the initiative along with government officials and top mortgage firms??? executives from Massachusetts to develop means through which foreclosure can be avoided and the foreclosure victims can be aided.
Delinquent Sub-prime loans were accentuated to be the main reason responsible for the soaring rise of foreclosure victims. Borrowers with bad credit history were allowed with high risk loans as they were tempted seeing the initial rates were low. The ravaging effect started when the rates of interest shot up unexpectedly high. Enactment of laws checking the foreclosure rates were suggested by Governor Deval L. Patrick.
In April in meeting called by the Patrick administration it was suggested that the State should financially help to refinance loans to reduce foreclosure rates.
Reforms aiming to help the debtors to catch up were planned and corresponding schemes were passed in 2006. The plan targeted to provide defaulting hose owners to catch up by extending the grace time from 60 to 125 days. Unfortunately the plan failed to go very far.
NLS and borrowerhotline are consumer homeowner advocates pushing to stop foreclosure due to predatory lending practices. Call Direct at telephone 310-435-2628
www.borrowerhotline.com ....and spread the word to friends and workers. This has to be stopped! Find out what you are entilted to receive!
Comment: Los Angeles 02/2008 DATELINE --- It's amazing how many homeowners will not fight the foreclsoure process. According to borrowerhotline .com, more than 70% of american homeowners accept their fate and eat the pain of a forclosure. This information is offered by Maher Soliman, the web site publisher and managing director for NLS.
According to the website, in June this year the secretary of Housing and Economic Development of the Patrick administration Dan O???Connell took the initiative along with government officials and top mortgage firms??? executives from Massachusetts to develop means through which foreclosure can be avoided and the foreclosure victims can be aided.
Delinquent Sub-prime loans were accentuated to be the main reason responsible for the soaring rise of foreclosure victims. Borrowers with bad credit history were allowed with high risk loans as they were tempted seeing the initial rates were low. The ravaging effect started when the rates of interest shot up unexpectedly high. Enactment of laws checking the foreclosure rates were suggested by Governor Deval L. Patrick.
In April in meeting called by the Patrick administration it was suggested that the State should financially help to refinance loans to reduce foreclosure rates.
Reforms aiming to help the debtors to catch up were planned and corresponding schemes were passed in 2006. The plan targeted to provide defaulting hose owners to catch up by extending the grace time from 60 to 125 days. Unfortunately the plan failed to go very far.
NLS and borrowerhotline are consumer homeowner advocates pushing to stop foreclosure due to predatory lending practices. Call Direct at telephone 310-435-2628
www.borrowerhotline.com ....and spread the word to friends and workers. This has to be stopped! Find out what you are entilted to receive!
Comment: Refresh my memory how we go from 7.4 percent vacancy to spooky ghost malls. Is "Cloverfield II" set to ravage the landscape? Sure, a slowdown is likely ahead, and we're bound to see vacancies creep even higher. But "crisis" is one of those over-used words journalists have wrung out all meaning from. Portents of doom seem obligatory. Sensationalism may make good info-tainment, but there isn't enough substance in the article on which to base any realistic assessment. Know your locations, know your risks. That takes some hard data, not vague impressions and anecdotal observations, even tthose that arrive in threes.
Comment: This article only discusses the names and numbers of retailers that are closing their doors or are in slow down mode. First, slow down mode for national retailers only means slower growth, it's not like they are haulting putting money into the econony. Secondly, there is no mention of the retailers all over the country that have shown aggresive expansion plans for certain markets. Many mid-box, big-box, and restaurants have seen strong numbers and are going to continue to expand. What hurts the economy are articles that show only the bad side of the economy like the residential housing market and the sub-prime loan market (even though today only 1% of non sub-prime loans are in default, what a horrific economy, less than 1%). Also, instead of taking a positive outlook on the economy or real estate in general, columnists, tv analysts, and the media portray our economy in ruins, when in reality the outlook for 2010 and beyond looks very positive. Arguements should be shown from both sides instead of clumping everything and everyone together as the same.
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