Archive for November, 2008
Economist Advises National Moratorium on Home MortgagesNovember 28th, 2008
Just recently, the two government-controlled mortgage giants, Freddie Mac and Fannie Mae declared a six-week freeze for all evictions and foreclosures which would last through the holiday … More >>
New York Worries about ForeclosuresNovember 28th, 2008
This year, an estimated number of 50,000 property owners in New York suffered from foreclosure, specifically in Mid-Hudson Valley and the western part of the More >>
Family Renting a Foreclosed Home Forced into HomelessnessNovember 28th, 2008
Such was the plight of a Chicago family with ten people, 8 of which are children. They were forced out of their rental apartment, which they did not know already fell to foreclosures, and … More >>
Tennessee Foreclosure Activity Slowed Down in OctoberNovember 28th, 2008
Tennessee foreclosures in October 2008 went down by 2.6 percent to 491 homes compared to 504 in October 2007. However, the total number of distressed homes for 2008 is higher by 8.9 percent … More >>
Increase in Foreclosures Caused Ripple Effect to Homelessness DriveNovember 25th, 2008
Heading Home Minnesota is an ambitious statewide plan to end homelessness in Minnesota counties and cities. An integral part of this plan is Heading Home Hennepin, designed by 70 Hennepin … More >>
Ohio County’s Mediation Program Aims to Reduce ForeclosuresNovember 25th, 2008
Earlier this year, Ohio State passed into legislation its foreclosure prevention programs. Part of the fund for this project will finance the Homeowner Helpline Program implemented through … More >>
Spotlight Turned on Foreclosed PropertiesNovember 25th, 2008
Even with the staggering $700-billion bailout of troubled financial corporations, the wave of foreclosures is still continuing and the expected stimulation of profitable lending has not … More >>
Bush Administration’s Rescue Plan for Foreclosed PropertiesNovember 24th, 2008
Federal Deposit Insurance Corp. Chairwoman Sheila Bair has urged the U.S. Treasury Department to consider a $50 billion bailout program. The program, which will use the $700 billion funds … More >>
Obama Faces Falling Stocks, Lost Jobs, Foreclosed HomesNovember 24th, 2008
A day after Democratic candidate Barack Obama won the election, the stock market had a free fall, with the Dow Jones Industrial Index dropping by nearly 500 points, the Nasdaq losing 5.6% … More >>
Over 18,000 Foreclosed Homes Sold in SacramentoNovember 21st, 2008
As California foreclosures continue to rise, the inventory of unsold foreclosed homes has increased to more than 5,000 units as of October More >>
