The housing crisis has caused many foreclosure evictions. This in turn has put pressure on rented units. Increase in rental vacancies point to a change in the housing climate
The New Year began on a bitter note: foreclosures jumped by over 100% in comparison to what it was in January 2007. Localized credit counseling agencies are becoming more active.
Consumer Credit Counseling Service is a non-profit organization that is reaching out to those in need of help in six counties of California including Ventura. It [...]
The foreclosure crisis has been slipping from bad to worse. It started off with the laudable aims of helping those who wanted to own a house but could not qualify for the prime loans. The sub-prime mortgage was tailor made for them. Unfortunately the scheme went awry with predatory lending and reckless borrowing. The borrowers [...]
The foreclosure virus is spreading. ACORN is a national organization scrutinizing its effect on low and middle-income communities. ACORN is working to empower communities to fight for social justice. Its report is very exposing and revealing. In April this year 535 families of St. Paul and Minneapolis were served foreclosure notices. In St. Paul the [...]
Michigan ranked 6th in the country with 15,565 foreclosure in some stage of foreclosure or the other. It showed an 11% rise above July figures and a 126% high jump from the month of August in the previous year. The numbers tagged to Michigan are inclusive of 3,534 units that went into delinquency, 6,572 that [...]
