From the L.A. Times
The is the first installment in what is proposed as a four part series, and I think it will provide a needed insight into how foreclosure can occur to almost anyone.  There’s no whining about the big bad lenders, or complaints the homeowners just needed the market to hang on a little [...]

There’s quite a bit of information on the internet talking about how the whole real estate market is on it’s way to a total collapse.  Well, maybe nobody says it’s a total collapse, but the implication is that if you buy you’ll lose everything, your children will be homeless and you’ll never recover anything you’ve [...]

In a story from Housing Wire
There’s a lot said about Mozilo, and his apparent mis-step, but the underlying concept of hardship letters need to be addressed.
If you are facing foreclosure due to circumstances out of your control, you need  hardship letter based on your circumstances, not a form letter you grabbed from the internet.  A [...]

Link to release
The Office of Federal Housing Oversight released a report today on overall price declines for the 1st quarter of 2008.  Generally, the OFHEO HPI is slower to react than the Case-Shiller index in part due to the way OFHEO uses same property sales and refinances to determine it’s index, but also due to [...]

There’s an article today in USA Today about foreclosures and the mental health impacts foreclosure can have on the homeowners involved. The piece takes more of a personal approach rather than hard numbers and statistics, which is to be expected from USA Today, but it does provide a little reminder for those working in [...]

The House passed a bill sponsored by Maxine Waters of California that will provide 15 Billion dollars to individual states for the purchase, rehab and resale of foreclosed homes. It appears this is an attempt to avoid blight in areas with high numbers of foreclosures. There’s a story if you want to read [...]

There’s been very significant amount of news reports over the past few months regarding various branches of the U.S. government and their attempts to solve the foreclosure crisis through the use of government sponsored foreclosure bailouts. Some of these bailouts are for the lenders involved, think Bear Stearns, and many new proposals are designed [...]

L.A. Times Article
David Petrovich, who has participated on our discussion board and countless other foreclosure forums for many years had a nice write up in the L.A. Times regarding Dave’s new book “Fight Foreclosure!”. Follow the link to read the story, it reinforces what we’ve all known for years, that Dave really knows his [...]