Stimulus plans to prevent foreclosures are speckled with injustice towards Hispanics and Blacks. It is they who were main targets of exotic mortgages, main sufferers of the housing crisis and now mainly neglected in the rescue plans.
Jesse Jackson claims that they have recently come to know that from the stimulus plans of President Obama the [...]
A woman had to shoot herself before Fannie Mae decided to stop foreclosure proceedings.
Ninety-year-old Addie Polk has come to represent the agony of the foreclosure crisis hitting the common citizen. She was hospitalized after she shot herself twice hitting the upper part of her body on Wednesday 3rd October. Akron residents have come forward [...]
The law had to step in to prevent Sheila Cruz from losing her American dream – her own house. It took her three years to prevent her dream house on Staten Island from becoming a nightmare. But she won against imminent foreclosure.
Her story started in 2004 when she was ready to spend $30,000 of here [...]
The spiraling foreclosures has taken on such jumbo proportions that the whole nation is on the alert. It cannot be dismissed as an isolated incident confined to only borrowers and lenders. The foreclosure crisis is due to predatory lending and irresponsible borrowing in the sub-prime mortgage market. They have begun to organize themselves to tackle [...]
Lloyd Segal, a mortgage broker, in a timely move has authored a book full of punch to motivate borrowers into action against foreclosures. For those caught in the net the situation is not only agonizing but also insulting and traumatizing apart from being a economic catastrophe.
With foreclosures marching on with the highest peak in [...]
