Real Estate News Daily

By all means for interest rates are at their lowest and with other government incentives in place to make the process fool-proof(or so they claim) you may just manage to get off foreclosure row in case you have been uncertain of your financial future. Just be sure you have a proper plan on hand to manage the help you get for mess it up again and you stand to join the 1.5 million homes that have already gone up to foreclosure, and that’s only for the first half of this year, who knows how much more would be added to the figure as the economy tries to recover.

AIG, one of the biggest banks exposed to the sub-prime lending market collapse is supposedly in talks to sell off their housing arm which suffered greatly during the recession. One of the many financial institutions that have been hit hard, they are aiming to sell the branch off to stave off further exposure to the financial troubles they have already suffered in the past year or so. Faced with tons of problems, such as the much criticized bonus schemes that came after the company received bailout funds and more, they are seemingly doing some damage control to keep lawmakers out of their hair till they can fix the mess they’re already in.