Foreclosure Updates
With all the relief efforts out there, are foreclosure rates actually dropping yet?
With programs out there like Hope Now and Neighborworks, and so on, shouldn’t the foreclosure rates be slowing down? It doesn’t seem to be the case in my town, but what are the updated national numbers?
Recent reports from realty-trac state a 3 percent decrease from the previous month but still a 53 percent increase from June 2007. The report also shows one in every 501 U.S. households received a foreclosure filing during the month. If you know anyone that is dealing with this issue, I would refer them to www.mydebt101.com , they dont advertise it but they do mortgage modifications and they helped my roomate make her current mortgage more affordable. Hope this info helps. I still foresee the housing crisis to persist for the next couple of years. Mckain and Obama are both pushing this issue and both back loan modifications… I wouldnt be surprised if it becomes mandatory for banks to adjust their outstanding loans.
MERS Foreclosure Fraud – Stopping Foreclosures Update 10/9/10
