rssForeclosures Continue to Soar Through Summer
Thursday, August 13, 2009 at 3:40 pm
- 4 Comments
Even as the Obama administration is pushing mortgage servicers to modify more loans to keep folks in their homes, RealtyTrac released its monthly report today revealing more than 360,000 foreclosure filings in July — up 7 percent from June and 32 percent from a year ago.
The numbers are sure to capture some attention on Capitol Hill, where Democratic leaders in both the House and Senate have threatened the return of bankruptcy reform legislation — which would empower homeowners to prevent foreclosure through the courts — if the enticements to industry don’t result in more loan mods.
With today’s news that foreclosures have topped 12,000 per day, the calls to do something more are sure to grow louder.
4 Comments
Comment posted August 13, 2009 @ 8:38 pm
“Democratic leaders in both the House and Senate have threatened…”
That always makes me laugh.
Comment posted August 14, 2009 @ 12:37 pm
But the Dow is going up. So the economy is doing great, right? That wealth will “trickle down” to the rest of us real soon, I know it.
Comment posted August 19, 2009 @ 11:19 am
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Comment posted September 5, 2009 @ 5:19 am
Mr. President why are the banking,and loan company not making loans as you promised they would do for the american people we are all hurting and not getting any help. Time for them to answer to you for not helping us the little people that keep them in business, maybe we should boycott their business. Check http://www.obamamortgagerelief.org/.
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