The CRL research also shows that the foreclosure crisis is far from over and runaway foreclosures continue to drain hundreds of billions of dollars in wealth from communities of color. An estimated 2.5 million foreclosures were completed from 2007 – 2009, and an estimated 5.7 million additional foreclosures are imminent.
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· Yet they face so much organized resistance that they can’t just snap up their briefcases, declare the crisis over and move on. Reed Saxon A home is advertised for sale at a foreclosure.
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An intense and rapid flurry of mortgage foreclosures drove many from their homes in SW Florida during the recession. For some, the story wasn’t over.
and the sixth consecutive month of year-over-year-decline following a brief spike in July, But the numbers didn’t decline in every part of the country. Filings picked up 13 percent last year in.
For our Making Sen$e story about Florida foreclosures, we met a man named david who had to hand over the keys to his house for cash. Paul Solman catches up with him.
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(MoneyWatch) As far as foreclosures are concerned. American households lost 2.6 billion through foreclosure, according to a new report dubbed Wasted Wealth. GE freezes pension plan for 20,000.
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But over the past two Fridays, countless other students nationwide. (Photo: MALCOLM DENEMARK/FLORIDA TODAY) As Florida’s.
Now, in 2009, the crisis is far from over, but the rebuilding has begun. A bail out program was instituted by the Federal government. Certain counties have put moratoriums on new foreclosure filings, and evictions for those who have already been foreclosed on have been halted.
The mortgage crisis affected many Florida families, with the market plummeting 10 years ago. Many residents lost their jobs and were unable to pay for their mortgages as their incomes were drastically cut. As a result, home foreclosure levels increased significantly. A recent article reflected on the impact these foreclosures had on the state.
New York’s foreclosure crisis is far from over, but some welcome signs of hope have recently emerged. Attorney General Eric Schneiderman’s announcement that the national "robo-signing" settlement would bring $136 million in foreclosure prevention funding to help struggling homeowners was important news.
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