When we think of Middle Class America we think of stability, nice jobs, good neighbors and stellar careers; but middle class America is in crisis.  Many are facing foreclosure and are filing bankruptcy despite their degrees, high salaries and symbols of stability. In this three part series we will explore how and why middle class [...]

There is currently a huge push to extend the expiration date on the $8,000 federal “tax credit” for first-time homebuyers and even expand its scope. But should we really spend an additional $16.7 billion lining the pockets of the mortgage industry while millions of Americans face the prospect of foreclosure? Some “experts” say yes.
An article [...]

According to an article in the Bloomberg, the foreclosure crisis is likely to worsen as more than 7 million properties facing imminent foreclosure hit the housing market in the next year or two.
The article said:
“The “huge shadow inventory,” reflecting mortgages already being foreclosed upon or now delinquent and likely to be, compares with 1.27 million [...]