Lenders Cancelled many Foreclosure Proceedings in November
Sunday, December 27
Bowing to intense public and governmental pressure many mortgage lenders cancelled a good number of foreclosure proceedings in November. For November 10,469 were scheduled to be foreclosed upon but these were cancelled through entire California. It is an increase by 20% from the October figures ...
Chief Justice Administers Oath to Trained Foreclosure Mediators
Monday, December 21
In Nevada more than 32,600 foreclosures have been posted since last July. Approximately 10% of those who are being victimized are seeking help from Nevada Foreclosure Mediation Program. Last Friday on 11th December many mediators who had undergone training in foreclosure mediation were administ...
Foreclosures and Unemployment Hitting Animal Shelter in York
Thursday, December 17
Foreclosures and unemployment are hitting not only families but the pets also. In York County 31 pets have been abandoned by their owners and given to the SPCA since 1st September. Eleven have been given up because of evictions and 12 surrendered because the owners were facing foreclosures tota...
MBA Report indicates the Worsening of the Foreclosure Crisis
Tuesday, December 15
The Mortgage Bankers Association report indicates the worsening of the foreclosure crisis. One out of seven mortgage loans are in some stage of foreclosure – the number having gone up from one noted last year to 10 this year. The numbers are also indicating that out every 22 families, one is poi...
A Fourth of the Borrowers are Lagging behind in Foreclosure Prevention Steps
Monday, December 14
Delinquencies are causing worry as a fourth of the borrowers are lagging behind in foreclosure prevention steps as per government figures. It is posing new queries about the effectiveness of the federal measures. The figures indicate the latest problems in implementing of programme – Making Hom...
Public Funds can put Business back on Rails?
Thursday, December 03
In the aftermath of the foreclosures crisis, after absorption of the initial shock the question is arising if public finds can put business back on rails and thus help the common man? Josh Lerner in a series of writings published by Princeton University Press tries to answer these questions. He ...