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Abandoned Foreclosure Pets: The Unsuspecting Victims
The number of abandoned foreclosure pets is increasing daily together with the numbers of foreclosure houses. Some homeowners take time to leave their pets at animal shelters, but some leave them at foreclosed... Homeownership Dropped Due to Denver Bank Foreclosures
Census data showed that homeownership in Colorado dropped despite the increase in incomes. Industry experts said that the increase in the number of Denver bank foreclosures contributed to the decline in homeownership. " The increase in the number of Denver bank foreclosures...Task Force to Address Rising Bank Foreclosure Listings
A task force was set up in Tennessee to tackle the growing bank foreclosure listings in the area. The task force is made up of area agencies that will develop new strategies to provide help to distressed homeowners facing the threat of foreclosures. " With bank foreclosure...Bills to Help Homeowners Facing Bank Owned Homes Sale
Connecticut Governor Jodi Rell has signed three bills that will help distressed homeowners who are facing the threat of bank owned homes sale. These bills include the expansions of foreclosure mediation and eligibility for mortgage assistance programs."Three bills were signed... Foreclosed Homes Create Homelessness in California
The increasing number of foreclosed homes in California has forced many homeless families to seek emergency refuge over the winter."The flood of homes to foreclosure has left hundreds of families in California homeless and in despair. Most of these homeless families were... Obama’s Program Brings Hope to Florida Foreclosures
The U.S. Department of Treasury is preparing to commence implementation of President Barack Obama’s foreclosure prevention program. " The $75 billion anti-foreclosure plan is expected to help nearly 9 million distressed homeowners to modify their loans to avoid... Obama to Reduce Mortgage Rates to Address Foreclosure
The administration of President Barack Obama is considering using taxpayers’ money to lower monthly mortgage payments of homeowners who are in danger of losing their homes to foreclosures."The effort to help... Obama Expected to Sign Recovery Plan to Address Foreclosure Cr...
The U.S. Congress has passed the $787 billion economic recovery plan which is expected to include provisions to bailout banks to boost credit flow and reduce the number of foreclosed homes. " President Barack Obama has called Congress’ decision to pass the stimulus bill as...Obama Proposes $300 Billion Tax Cuts to Help Ease Foreclosure
President-elect Barack Obama started a campaign addressed to the Congress involving $300 billion tax cuts for many struggling individuals and business. With the worsening economy side by side with increasing...Foreclosures Provide New Purpose for Refugee Center
The Lao Family Community Development Inc refugee center was established 28 years ago by grateful families who escaped the wars in Southeast Asia and would like to give back to the community after this seeming miracle that they experienced in their lives."The center was... New Federal Plan Aims to Rework Fannie and Freddie Loans
After several months of waiting, beleaguered homeowners with loans guaranteed by mortgage giants Fannie Mae and Freddie Mac will receive assistance from the federal government. The Federal Housing Finance Agency, recently announced this new plan to stop foreclosures, which is... Rising Foreclosures Give New Meaning to the Term “Underwater”
Sudden declines in home prices face the real estate industry, as a by-product of the increase in the number of foreclosure homes flooding the market. Prices have dropped tremendously, and in some cases down to half of what existing homes are originally worth. This resulted to...Time Running out on Bailout Plan for Nevada Foreclosures
Time is running out for 2.2% of Nevada’s homeowners who are in peril of losing homes to foreclosures. This equates to several thousands of possible foreclosure homes with ongoing eviction processes expecting...Preventing Foreclosures Should Be One of the New President’s First Actions
Whoever between Barack Obama and John McCain is elected U.S. president on November 4, 2008 will have to work with great urgency, together with his advisers, members of Congress and agency heads, to create remedies to solve mortgage and foreclosure problems and establish...
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