Experts: Lenders’ actions worsening mortgage crisis Maria Perez and Donald Reece live on opposite ends of the country and are nearly as far apart on the income ladder. Yet they both face foreclosure and serve as telling examples of how lenders are taking actions that harm the economy and prolong the nation’s housing crisis. Read [...]
Archive for the ‘Debt Reduction’ Category
Key questions and answers to the foreclosure crisis
October 17th, 2010
David Hill Key questions and answers to the foreclosure crisis “Foreclosure” is probably the scariest word in Michigan’s vocabulary right now. The state has joined 49 others in investigating banks’ foreclosure practices amid allegations they evicted people without reading foreclosure documents. Read more on Eaton Rapids Community News
Five Aliso Viejo homes facing foreclosure
October 16th, 2010
David Hill Five Aliso Viejo homes facing foreclosure ALISO VIEJO – These homes are in default on loans and scheduled to go to auction. Dates are frequently postponed and can be checked by using the trustee sale numbers and phone numbers below. Some auctions could be cancelled. Also, some homes may be… Read more on Aliso Viejo [...]
Bankers Ignored Signs of Trouble on Foreclosures
October 15th, 2010
David Hill Bankers Ignored Signs of Trouble on Foreclosures Inexperienced employees and a lack of organization led to chaos in the foreclosure process at many lenders. Read more on New York Times
Foreclosure freeze could undermine housing market
October 14th, 2010
David Hill Foreclosure freeze could undermine housing market NEW YORK (AP) — Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near the Berkshires, Case thought the makings of a recovery were finally falling into place. Read more on Jefferson [...]
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