Despite efforts by States, the Federal Government, and private initiatives to reduce foreclosures, they appear to continue unabated (article here). Foreclosures in the second quarter of 2009 increased 20% over last year to a record level of nearly 890,000, according to RealtyTrac. In Nevada 1 out of every 34 housing units is in foreclosure. In California 391,600 properties were subject to foreclosure filings.
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July 16, 2009
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Hopefully the number of foreclosures will decrease as homeowners become increasingly informed of options through loss mitigation, including programs such as Obama's Making Home Affordable and FDIC's Mod-in-a-Box, that are making it easier to achieve successful modifications. http://www.modificationzoom.com
Posted by: Loan Modification Zoom | July 17, 2009 at 02:36 PM