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Foreclosure Crisis
Pawlenty Vetoes Foreclosure Bill
Tuesday, June 3rd, 2008While many people watched to see what Minnesota Governor Tim Pawlenty would do with the new Foreclosure Rescue Bill that was passed by the state Senate and put before his office, Pawlenty ended up doing as Republicans would have expected him to do by vetoing the measures, despite calls from citizens to save the state’s foreclosure victims.
Obama Visits Nevada, Addresses Foreclosure Problem
Friday, May 30th, 2008Senator Barack Obama seems to be focusing the majority of his efforts in the presidential race on battling republican counterpart John McCain now that experts seem to agree that Hilary Clinton is out of the picture, as he took the time Tuesday to attack McCain’s stance on the nation foreclosure crisis during a rally in Nevada.
California Seeing Near record Foreclosures
Thursday, May 15th, 2008The foreclosure crisis in California is spiraling out of control, many experts say in regards to a new report released showing that foreclosure filings in California are now in excess of 500 per day.
Foreclosure filings in the first quarter of 2008 totaled over 47,000 statewide, marking a 49% rise over the total of 31,000 [...]
Foreclosure Prevention Tips
Friday, May 9th, 2008For those facing foreclosure, it can be very difficult to know what to after receiving a Notice of Default, unfortunately, most people make the worst mistake possible, which is to do nothing and hope for the problem to somehow work itself out. The truth is, if you don’t deal with your foreclosure right away, the [...]
Maryland Sees Huge Increase in First Quarter Foreclosures
Friday, May 9th, 2008Maryland, despite the state government’s efforts to create foreclosure prevention services for citizens and to hold bankers and lending organizations accountable for the housing crisis, saw its first quarter foreclosure statistics rise drastically, as more than 11,000 homes were foreclosed on in the first part of the year.
Now, roughly 1 in every 200 homes in [...]
Colorado’s Infamous Weld County Forms Foreclosure Counseling Forum
Thursday, May 8th, 2008Colorado has long had a reputation as one of the state’s with the highest inventories of foreclosure properties, and for a long time there foreclosure situation was one of the worst in the country. But in an effort to battle that trend, the Mayors of several cities in Colorado have come together to form the [...]
Minnesota Senate Approves Foreclosure Bill
Tuesday, May 6th, 2008The Minnesota state Senate announced on Monday that they had given preliminary approval to the proposed home assistance bill that was aimed at helping homeowners in need fight off foreclosure. Foreclosure homes have been growing in incredible numbers in Minnesota, and are currently at record highs in many areas throughout the state, especially the Minneapolis [...]
House Debates New Foreclosure Rescue Bill
Tuesday, May 6th, 2008News from the House of Representatives this week is that discussion will cover a proposed $300 billion housing rescue package aimed at trying to turn around the horrible condition of the real estate market. Most of the money would be used to try to stem the tide of foreclosures, which previous legislation hasn’t been able [...]
California Senate OK’s Foreclosure Bill
Wednesday, April 30th, 2008The California state senate approved a bill on Monday aimed at slowing the drastic rise in foreclosures in the state, ending months of debate on the bill and signing it into action. California has had one of the worst foreclosure problems in the country, and currently holds the highest inventory of foreclosed homes out of [...]
Foreclosure Crisis Takes it Toll on City Economies and Communities
Thursday, March 13th, 2008New studies and reports are indicating that the foreclosure crisis has had a much greater effect on cities, the economy and the daily lives of citizens than simply putting many in danger of losing their homes. USA Today recently reported that the foreclosure crisis has resulted in a loss of revenue for many cities, probably [...]