The communities in the valley are fighting foreclosures in an organized manner. The leaders have grouped together over 500 Hispanic immigrant Hispanic families in Pacoima and northeast San Fernando Valley.
Immediately after the debut of Father John Lasseigne as the head of Marcy Immaculate Church in Pacoima a couple came to him with their [...]
Obama wants part of the bailout package to be utilized for stemming the foreclosure tide. In this respect he is not at one with the views of Henry Paulson on the way the $700 billion is to be used. On Wednesday 3rd December 2008 he gave out clear signals that he wanted to use a [...]
The foreclosure crisis was the blazing background against which Obama campaigned and won. But that has become history. Today he has to tackle the foreclosure problem and to do so the focus has to be on taxes He promised to lower taxes for the middle class but increase them for those with more than an [...]
Things have been moving fast from spiraling house prices to the bursting of the boom and now sweeping of foreclosed units. It all happened hardly within a couple of years.
There is bustling activity in front of a blue foreclosed house as many are carting away furniture, damaged electronic goods and piles of trash. The backyard [...]
The mortgage investors and middlemen are denying that they are hindering the foreclosure relief measures. The lawmakers are skeptical about their sincerity.
Tom Deutsch of American Securitization Forum speaking to the House Financial Services Committee said, “Because foreclosure is usually the most costly means of resolving a loan default, it is typically the least-preferred alternative [...]
Unless adequate steps are taken there is difficulty in tracking owners of vacant foreclosed houses. The problem of abandoned units is a plague running through the country. The summer rains have focused on the problem.
Bob Spivey is a Code Enforcement Director of Orange County. He sends his personnel to trim lawns of foreclosed houses that [...]
The foreclosure related crisis has turned the social picture upside down. Women who stay at home are now looking earnestly for side jobs to supplement the dwindling income of the family.
Tupperware is on top of the list. It deals with direct sales and is much sought after by the women at home. Even workingwomen [...]
Opinions continue to vary as to how exactly the $700 bailout will be used. The original plan was to buy the securities that were backed by the soured mortgages at a rate slightly higher than the current price from the collapsing banks so as to thaw the frozen credit market.
Then it was said that $250 [...]
