Foreclosure follies ahead?
By emitchell
Wednesday, September 17th, 2008 at 8:55 am in Foreclosure Fever, Uncategorized.
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A new state law intended to help people who are in danger of losing their homes to foreclosure could mask what’s really going on with foreclosures, according to a Los Angeles Times blog post
Prepare for headlines along this line: “Huge drop in L.A. foreclosure filings in September.” Behind those upcoming headlines: a new state law requiring lenders to make better efforts to talk with homeowners before initiating the foreclosure process.
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September 25th, 2008 at 8:45 am
I think the worst is yet to come but as the government is stepping in the “free market” economy who knows? The next geration will pay the bill, unless the house of cards collapses competely.