Archive for January 25th, 2010

City denied millions in stimulus funds
Pittsburgh Post Gazette
Congress stipulated that HUD disburse it to mitigate the effects of foreclosure. "When I heard the news I was absolutely positive it was wrong," said Urban
Feds: Atlanta needs to pick up pace on foreclosure programAtlanta Journal Constitution
Durbin: $98 Million in Recovery Act Funding Will Be Used to Put Chicagoans eNews Park Forest

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Milwaukee Residents Targeting Banks To Clean Up Foreclosed Homes
WISN.com
MILWAUKEE — New numbers show home sales in the Midwest fell 19 percent between November and December, while foreclosed homes continue to hurt home values.
Common Ground leans on large banks to address foreclosed propertiesMilwaukee Small Business Times

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Milwaukee group urges major banks to take responsibility for foreclosed homes
FOX6Now.com Milwaukee
There are currently 15000 foreclosed homes in the greater Milwaukee area according to that group. The group claims foreclosed homes in the Milwaukee area
Common Ground leans on large banks to address foreclosed propertiesMilwaukee Small Business Times
Midwest Home Sales Fall 19 Percent From Nov. To Dec.WSAW

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American Consumer News (blog)
Is The Mortgage Foreclosure Crisis Over?
American Consumer News (blog)
The foreclosure crisis looked as though it maybe turning the corner after the initial crash, but are we out of the woods yet? While things have improved a
Obama Home Loan Mortgage Modification Foreclosure Prevention Program—New Rules Red, White, and Blue Press (blog)
Editorial: Mortgage aid misfires badlyThe News-Press
Obama's Foreclosure Rescue Plan: Loan Modification ProgramsRelease-news.com (press release)
Brentwood Press -The News-Press -Brentwood Press
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Home Modification Doesn't Always Stop Foreclosure
TheDenverChannel.com
For example, if you've already missed some house payments, a trial modification may not stop the foreclosure process. The Miller family of Arvada found that

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Credit.com News
CA Mortgage News- Why Some Homeowners Choose Foreclosure
FreeRateUpdate.com
By Kathryn Davis | January 25, 2010 | 0 Comments | As stated in an article last week there are some 87000 active foreclosures in California more than ½ of
State officials advise revisions to foreclosure relief effortsCredit.com News
Americans Need Debt Relief — Is Obama Brave Enough to Make It Happen?AlterNet

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Foreclosed Properties Targeted by Stabilization Program
First Coast News
The city is no stranger to foreclosed properties; in fact, it has the dubious distinction of having one of the highest home foreclosure rates in the nation.

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Program aims to transform foreclosed properties
ABC7Chicago.com
January 25, 2010 (CHICAGO) (WLS) — Chicago is going to receive $98 million in federal funds to help acquire and rehab foreclosed properties.
Foreclosed Properties Targeted by Stabilization ProgramFirst Coast News

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Feds: Atlanta needs to pick up pace on foreclosure program
Atlanta Journal Constitution
Several Atlanta neighborhoods south of I-20 have seen a significant rise in foreclosures since 2006, which city officials and community leaders say leads to

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State of the Union: Is Obama Ready to Make the Middle Class His Priority?
Huffington Post (blog)
One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120000 families are filing for bankruptcy every

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