Bailout action moving at brisk pace
October 14, 2008 by Administrator · Leave a Comment
As Treasury plan accelerates, chances increase that Congress may soon vote on releasing rest of $700B.
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June Foreclosures at 848 – No Relief in Sight
July 6, 2008 by Scott Ellis · Leave a Comment
Foreclosure filings numbers continue to surge as the Clerk’s Office works to keep up with the volume. June brought in 848 filings, exceeding the prior post-Apollo record 769 in April. While the economy worsens, many local governments proceed as expected and have begun raising tax rates to keep the Housing Bubble Windfall coming in. The Property Appraiser released a tax roll which, despite waves of foreclosures unseen since 1971, ludicrously continues to reflect property values are NOT in decline. In fact, of the decline calculated much was due to Amendment One, when in reality property prices have dropped well over 30% since the peak of August 2005 and in most cases, more.
