tag:blogger.com,1999:blog-91785600979022777992011-04-21T21:49:25.691-05:00A comprehensive resource for homeowners.Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.comBlogger201100tag:blogger.com,1999:blog-9178560097902277799.post-49021591060769487212008-05-06T11:54:00.000-05:002008-05-06T11:55:16.651-05:00

On Monday, Federal Reserve Chairman, Ben Bernake gave the go-ahead for congressional efforts to help homeowners in the ongoing foreclosure crisis. At the Columbia School of Business in New York, Bernake said, “Finding ways to avoid preventable foreclosures is a legitimate and important concern of public policy.” Legislation to assist homeowners facing foreclosure is

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-74731132358226205412008-05-01T12:49:00.001-05:002008-05-01T12:50:16.647-05:00

The Capital region in New York sustained a significant amount of damage in 2007, but during the first quarter of 2008 it has become one of the hardest hit areas in the nation. Sadly, foreclosure prevention efforts and bankruptcy courts are not providing any assistance. Realtytrac reports that the number of properties in foreclosure has increase by 500 percent compared to the first

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-48922176163271570272008-04-24T09:32:00.000-05:002008-04-24T09:33:24.446-05:00

On Wednesday, a House committee approved $15 billion in loans and grants for local governments to buy foreclosed homes.The House Financial Services Committee voted 38-26 to approve the bill that is part of a larger package being pushed by House Democrats. Also, on Wednesday the committee passed legislation that would provide lenders with legal protection if they work with homeowners facing

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-86957628140400078482008-04-14T12:54:00.000-05:002008-04-14T12:55:01.775-05:00

Currently, 20,000 people are losing their homes every week due to foreclosure. At that rate, 100,000 more homeowners will lose their homes before Congress passes a bill to stem the foreclosure flood. Sadly, the proposals currently making the rounds in both chambers will do little to stop the foreclosure crisis. In order for a worthy relief package to be drawn up, most of the provisions

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-56594933044285050572008-04-11T18:28:00.000-05:002008-04-11T18:29:18.563-05:00

On April 10, 2008, the U.S. Senate approved a measure that would help both homeowners and businesses during the current foreclosure crisis.Some supporters of the package, which passed by an impressive 84-12 vote, say that it doesn’t do enough to help homeowners who have mortgage payments that they can’t afford. The measure faces an uphill battle in the House of Representatives.Senate Majority

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-67604275756742976052008-04-11T17:44:00.000-05:002008-04-11T17:45:22.380-05:00

South Florida foreclosure experts are busier now than they have been in years.20 years ago there were about 50 foreclosures a week in Broward County.Currently Broward County has about 1,200 home foreclosures per week. Foreclosures have gone through the roof lately, and there are darker days to come.As little as two years ago, Broward County, home to 1.8 million people, and Miami-Dade County were

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-18762523879725680742008-03-27T09:39:00.000-05:002008-03-27T09:40:28.764-05:00

On March 8, 2008, Glenn Hills High School in Augusta won the Georgia state basketball championship. It was exactly what the community needed. Like so many areas across the nation, the community has been bogged down with the troubles of the current foreclosure crisis. While the emotional victory (the first in the school's 40 year history) may have been temporarily uplifting, the stain of

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-65864989626412668162008-03-22T00:33:00.003-05:002008-03-22T22:46:34.366-05:00

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com1tag:blogger.com,1999:blog-9178560097902277799.post-67618883487816509772008-03-17T16:14:00.003-05:002008-03-19T11:25:38.813-05:00

America has a problem. Plainly put, America has a foreclosure problem. Staggering foreclosure rates have severely affected the American economy. Across the country, millions of homeowners have lost their homes due to this devastating crisis. Families are broken up, lives have been altered, and homes are left deserted. America has a big problem.While the blame for the crisis may be a subject of

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-26414091111374224522008-03-11T12:24:00.001-05:002008-03-11T12:25:46.172-05:00

A survey of elected local officials shows that the recent increase in foreclosures has significantly increased vacant properties, homelessness, and crime while decreased city revenue.The National League of Cities surveyed 211 officials through online and e-mail questionnaires, and 67% of those surveyed reported an increase in foreclosure in their respective cities. 33% reported an increase in

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-77255115832824795602008-03-03T14:00:00.000-06:002008-03-03T14:01:13.020-06:00

President George W. Bush recently announced a 30 day moratorium on foreclosures. Sen. Hillary Clinton has expressed her approval for a 90 day moratorium.But, recently, two state legislators have been pushing for a 1 year moratorium for the state of New York.Assemblyman James F. Brennan (Brooklyn, Democrat) and State Senator Frank Padavan (Queens, Republican) have introduced a bill that would call

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-59567396894061021802008-02-26T12:49:00.002-06:002008-02-26T12:50:56.407-06:00

The number of animals being surrendered to animal shelters is soaring as the US foreclosure crisis grows—some shelters have 35% more animals now than this time last year. As more and more people lose their homes, 100’s of animals are being surrendered. Even worse are the animals just abandoned without out food or water—sometimes left locked inside homes. It’s often the real estate agents and

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-70295715041924642432008-02-05T21:03:00.000-06:002008-02-05T21:04:11.820-06:00

The current foreclosure crisis strikes at the heart of the American economy, the homeowner. Homeowners across the nation are being forced to leave their most prized investments and face financial instability.As if this was not shameful enough, many homeowners are being defrauded by so-called “Foreclosure Specialists.” In reality, these specialists are small businesses dedicated to preying upon

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-41701126265321819632008-01-29T16:53:00.000-06:002008-01-29T16:54:20.267-06:00

THE EDUCATION OF THE HOMEOWNER The current foreclosure crisis is affecting millions of homeowners nationwide. Unfortunately, most homeowners are uneducated regarding the foreclosure process in their respective states. It is the duty of the mortgage company to provide the homeowner with all possible information regarding foreclosure; sadly, the mortgage company rarely provides the

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-71188534379091576882008-01-24T17:13:00.000-06:002008-01-24T17:14:02.857-06:00

Foreclosure is a sad thing. It causes economies to falter. It causes people to lose their homes. It causes families to be destroyed. The affects of foreclosure on a society can damage the lives of millions of people. Foreclosure leaves a path of destruction in its wake. It leaves widows homeless. It leaves families divided. It leaves homeowners in shame. The tragedies that accompany

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-54850128501054995412008-01-18T13:46:00.000-06:002008-01-18T13:47:21.932-06:00

America is facing a crisis. The cornerstone of our capitalistic economy is being chiseled away by the current foreclosure crisis. In Texas, families of five are being ripped out of their homes. In California, homeowners are pawning heirlooms to stem foreclosure. In Massachusetts, widows are being put out on the streets. A foreclosure epidemic has wrapped its chains around the beating

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-6522415960746208922008-01-10T15:37:00.000-06:002008-01-10T15:48:32.242-06:00

Monica DavisOriginally published by www.opednews.com on 1/9/08Dear Hillary, Barak and assorted others:It's still about the mortgage and foreclosure frenzy. It's still about people losing their homes, being thrown out in the street, adding to the nation's homeless problem.The vultures are rolling in--what are you going to do about it? Ya'll are still senators, aren't you?It’s all over the news,

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-89783812897041781592007-12-10T10:16:00.000-06:002007-12-10T10:30:48.944-06:00

Maria Saporta Originally Published in the Atlanta Constitution Journal on: 12/10/07 Vacant, boarded-up houses destroy communities. They become havens for crime, vandalism and deterioration, pulling down the value of neighboring homes and spreading unease for nearby residents.Unfortunately, this is a reality that communities throughout the region face with the record number of foreclosures.

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-67425765023530945682007-12-09T21:40:00.000-06:002007-12-09T21:43:50.835-06:00

Helping people who filed wage earner bankruptcy petitions stay with their repayment plan could help one in 10 of the potential dropouts from losing his home to foreclosure. That was the conclusion of Berje Yacoubian, whose firm, Yacoubian Research, studied bankruptcy and foreclosure trends in Shelby County for the Memphis Credit & Bankruptcy Collaborative. Advertisement The collaborative is a

Jacob, Jack & Leohttp://www.blogger.com/profile/14903499035516869121noreply@blogger.com0tag:blogger.com,1999:blog-9178560097902277799.post-57463221051720752332007-12-07T14:40:00.000-06:002007-12-07T15:24:42.719-06:00

By JEANNINE AVERSA WASHINGTON (AP) — Home foreclosures shot up to an all-time high in the third quarter, fresh evidence of the problems afflicting distressed homeowners amid the housing meltdown.... The percentage of subprime adjustable-rate mortgages that entered the foreclosure process soared to a record of 4.72 percent in the third quarter. That was up from 3.84 percent in the second

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