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From the monthly archives:

January 2009

President Obama Makes More Effort to End Foreclosures

by Anthony ParkerJanuary 27, 2009

Newly-elected President Barack Obama, together with the Democratic-controlled Congress, has pressed 2 economic leaders to work out on a big plan. The President has made a promise of spending billions of funds coming from the financial bailout. In addition, he will pay more attention to the rising foreclosures.

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Florida Bank Offers Cash-for-Keys to Foreclosure Victims

by Danny GibsonJanuary 26, 2009

Amidst the enduring foreclosure crisis, a Florida bank has resorted to offering cash to the tenants or even the homeowners who lost the property to foreclosure in exchange for moving out within four weeks.

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Foreclosures Went Up To 81% Last Year

by Mark GoodmanJanuary 23, 2009

Report has it that filing of foreclosures in the U.S. increased by over 81% last year. It was up by 225% if compared to the foreclosure rate recorded in 2006.

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The Battle Continues Against the Undefeated Foreclosure

by Mark GoodmanJanuary 22, 2009

Months after the trying-out of different state moratoriums and the pseudo-control over foreclosure, repossession suddenly increased by 17 percent in December. This proves that the short-term, easy way out is not the best strategy to win against the stubborn foreclosure.

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What Obama Promised to Obtain Foreclosure Funds

by Mark GoodmanJanuary 20, 2009

Just a few days before Barack Obama is inaugurated as U.S. president, the Senate approved the issuance of the second $350 billion of the Troubled Asset Relief Program to finance his own foreclosure mitigation program. Despite legislators’ criticism of the way the first $350 billion was spent by George Bush’s Treasury Secretary Henry Paulson, they finally relented and gave Obama immediate access to the TARP fund.

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Economists Predict Rising Inflation; Housing and Foreclosure Crisis Continues in 2009

by Robert ShultzJanuary 17, 2009

The success of Barack Obama’s economic stimulus plan and the separate legislation for the remaining $350 Billion Troubled Assets Relief Program (TARP) for foreclosures may be the country’s hope as economic analysts projected a 1.5 percent slash in U.S. growth this year. Bloomberg News Survey also forecast that interest rates can only be raised by Federal Reserve policy makers in 2010.

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Housing Counselor Training on Handling New York Foreclosure Cases

by Mark GoodmanJanuary 16, 2009

The Capital District HomeSave Coalition and Affordable Housing Partnership have sponsored a training event for over 100 housing counselors in New York area. The event provides training to housing counselors to enable them to better offer homeowners a quality foreclosure prevention service.

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Obama Wants Access to Financial Bailout Funds for Foreclosure Prevention

by Anthony ParkerJanuary 16, 2009

A week before his inauguration, incoming President Barack Obama is busy preparing to meet with members of Congress to attempt to gain a share on the remaining 50 percent of the estimated $700 billion Troubled Asset Relief Program (TARP) bailout fund.

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Significant Number of Families Received Foreclosure Prevention Help in 2008

by Danny GibsonJanuary 15, 2009

In the year 2008, quite a number of homeowners troubled by foreclosure were helped by private mortgage insurance companies.

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Millions of Foreclosure Cases Can Receive Help in 2009

by Robert ShultzJanuary 8, 2009

Private lenders, freelance and consumer advocates had successfully adjusted 208,000 loans last November, thanks to Hope Now. If they can increase their rate to 300,000 aids a month, they could achieve their 3 million-goal to give foreclosure-prevention help this 2009.

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