Foreclosure News in a Minute

Here is a brief synopsis on the latest foreclosure news to hit the press.
Washington Post: In an attempted to curb Maryland foreclosure rates, state legislation passed a program giving the homeowners a legal right to mediate with their lenders. Under the mediation program the lender is required to send a loan modification application to the defaulter.
Reuters: According to a recent poll, “U.S. consumers are less interested in buying a foreclosed home than they were a year ago.” Reporter Lynn Adler suggests this could lead to an increased backlog of foreclosed homes furthering the housing slump.
CNNMoney.com identifies 5 ‘economic fault lines’ that may hasten a full recovery: Jobs, housing, credit, government and spending, and Europe.
PR Newswire: Recent press release reports strategic default workshop offered by Oppenheim Law.
CNNMoeny.com: Headline, “Foreclosures plateau – finally. Repossessions soar.” Well which is it; Foreclosures or Repossessions? Because they are one in the same.











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