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Acceleration in Foreclosures Hitting California County Hard
Homeowners from California are taking a sad plight as they witness more and more of their longtime friends and neighbors leave or abandon their homes due to foreclosures. Neighborhoods find more houses empty while a few more remaining residents cower in fright, dreading... Are You a Victim of Predatory Lending?
"The term Loan Modification has been getting a lot of attention lately and rightfully so. With millions of homeowners stuck in toxic adjustable rate mortgages and no ways to refinance out of them, loan modifications may be the only way to assist struggling borrowers. This... Savvy Homeowners Are Turning the Table on Lenders
"WASHINGTON, D.C., Nov. 18 (SEND2PRESS NEWSWIRE) — National Loan Audits (www.nationalloanaudits.com) announced today that since only a fraction of distressed homeowners needing a loan modification are getting the help they need, borrowers should obtain a Forensic Loan... Foreclosure Crisis Watch: Hope for Homeowners Hopeless?
There will be an expected three million failed mortgages this year and 8,500 homes threatened for foreclosure per day. This is despite the 300 billion dollars allotted for the Bush administration’s Hope for Homeowners program. The scheme which has been in effect since last...US consumers' forced to halt "Economic Cannibalism"
OPINION The only thing surprising about the outcome of practicing a personal finance policy equivalent to eating your own young is that anyone is surprised. Consumers can not be faulted for dipping into some... Downwardly: Dave Cantrell and his midnight U-Haul
MSM seems to be doing a better job of finding human faces to illustrate the personal cost of the financial crisis. Here's a poignant one from The Mercury News. Consider adding your own."MANTECA — Dave Cantrell... 135 views | 7 comments | 27 recommendations
Will the $700B Bailout Really Help Homeowners Facing Foreclosure?
When some of the biggest investment firms declared bankruptcy last month, it resulted into widespread panic in the entire financial industry. In order to prevent the nation from falling into a recession, the...Homeowners Should Not Consider Foreclosure as the End
"For Alabama homeowners, the key to avoid foreclosure is to not give up the fight to stay in their homes. This is according to Kenneth Lay, Housing Advocacy Director of Alabama Legal Services, who made such...Non-profit Group Lends a Helping Hand to Curb Foreclosures
"The growing number of foreclosure homes in the nation has lead many non-profit groups such as the National Community Reinvestment Coalition to take the initiative in providing the millions of distressed homeowners with foreclosure help. With over 600 member organizations,...Troubled Homeowners Buying Second Homes?
"According to ABCNews, there seem to be a growing number of homeowners who are purchasing cheaper second homes and simply walking out of their first homes because they could no longer afford their mortgage payments. ...What the Fannie & Freddie bailout means for consumers
The Fannie Mae and Freddie Mac bailout gives new meaning to the phrase, "your tax dollars working for you," with the U.S. government set to foot the bill for the corporate made subprime mortgage disaster. The...198 views | 3 comments | 4 recommendations
Katrina Pain Index: New Orleans Three Years Later
" Katrina hit New Orleans and the Gulf Coast three years ago this week. The president promised to do whatever it took to rebuild. But the nation is trying to fight wars in several countries and is dealing with economic crisis. The attention of the president wandered...New Housing Fed Overhaul Bill . News&Opinion
The International Institute of Nonviolence By: Rev. Jermano Congress has passed a new housing bill that really amounts to a whole lot of nothing.... Negotiating with Lenders to Stop Foreclosure
The economy has certainly made it hard for many homeowners to stay within their budget and pay their bills on time. If you are among these homeowners struggling with mortgage payments, you should seriously consider... Mortgage Lending Industry Urged to Delay Foreclosure
With the new housing legislation expected to provide relief for many troubled homeowners, it is not surprising that lawmakers are urging mortgage lenders to delay foreclosure filings until after the new law has taken...
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