chase: Think a Foreclosure Moratorium Will Save Your Home in Louisville? - 11/07/10 12:21 PM
Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures.
There is much confusion in the market.
One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose.
The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.
Please click here for a free report on the Five Steps to Avoid Foreclosure
 
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chase: The Ripple Effect of The Abrupt Halt to Foreclosures - 10/10/10 01:58 AM
The ripple effect of the abrupt halt to foreclosures is far reaching. Here's just a partial list of those affected:
Buyers Contractors who were going to repair the home. This alone has a massive effect on employment. Hard working Americans who build America are abruptly out of work, again. The entire manufacturing and supply chain of material needed to renovate repurchased foreclosed houses. Movers Closing attorneys Appraisers Appliance retailers and wholesalers and manufacturers Neighborhoods suffer more blight for an additional extended period of time. Owners who moved away and have to maintain the house. Some municipalities file criminal complaints against owners … (198 comments)