Tag Archives: Foreclosure

CDPE Designation Reaches 25,000 True Estate Pros Educated in Short Sales, Foreclosure Avoidance

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Austin, TX (PRWEB) September 16, 2010

The Distressed House Institute, LLC right now announced it has reached the milestone of 25,000 true estate specialists trained in foreclosure avoidance tools and methods by way of the Certified Distressed Property Expert (CDPE) Designation course. Getting reached this level in less than 3 years, CDPE is the fastest-developing independent designation in real estate industry history.

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We are extremely proud of the inspiring function our members are performing across the nation to aid property owners keep away from foreclosure, Alex Charfen, co-founder and CEO of the Distressed Property Institute, mentioned. This movement of educated agents is developing swiftly. With nationwide unemployment at 9.six percent, underemployment more than 18 percent, and mortgage delinquencies amongst prime loans above ten %, there has by no means been a higher require for agent education in quick sales and foreclosure avoidance.

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In a quick sale transaction, the lien holder accepts the promoting price of the property, even if that amount is less than (quick of) the borrowers mortgage balance. This foreclosure avoidance option is less damaging to a home owners credit score, will not challenge employment or security clearance, and allows the seller to be eligible for Fannie Mae- or Freddie Mac-backed loans in a shorter period of time.

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As the actual estate market and neighborhood markets change, the CDPE training consistently evolves to give real estate specialists with the most efficient education to assist homeowners in want, Charfen added. We will continue to assist agents turn into essential advocates for their consumers and communities. The CDPE membership movement is a single that gets stronger with every new designated agent.

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The development of the CDPE Designation has been assisted by the endorsement and support of best brokerages, such as RE/MAX, LLC Keller Williams

Major Loan Modification Lawyer Announces New Program to Save Homes of Cash-Strapped Americans and Stop Foreclosure

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Extended Beach, CA (PRWEB) May 4, 2009

Consumer advocate and Loan Modification Lawyer, Joseph Hoats, announced today the launch of his new Homeowner Stability Resolution, available quickly for qualifying property owners at Homeowner Stability Loan Modifications. This cutting-edge system protects the rights of financially distressed buyers by minimizing month-to-month mortgage payments whilst avoiding the painful method of foreclosure. As opposed to refinancing applications, the resolution does not demand credit checks, higher FICO scores, appraisals, down payments or closing fees.

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According to Mr Hoats, “Our typical client has seasoned some monetary hardshipa job loss, earnings reduction, divorce or health-related problem that makes it hard to spend the monthly mortgage payment. In some circumstances, the mortgage might have adjusted to a higher interest price. Furthermore, the property worth could have dropped substantially while the present economic crisis has brought on the homeowner to miss one particular or much more loan payments. These are very good, hard-working, family-oriented Americans who have fallen on tough times, by means of no fault of their own, and they need compassion, support, and a legal game strategy to save their property”.

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As soon as a client has qualified, a custom Homeowner Stability Remedy is initiated, working out the client’s legal rights and dealing directly with the lender’s legal department. Nearly instantly, the client will note that harassing phone calls cease, as Lawyer Hoats takes more than direct make contact with with all lenders encumbering the house. With an Attorney involved, the lenders take the client’s Loan Modification request seriously, as the Home Stability team critiques all original loan documents to identify lending violations and predatory lending practices. As Joe Hoats says, “Our job is to leave no stone unturned, as we safeguard the rights of our clientele. As a outcome, the outcome is often amazinglower payments, fixed terms, back payments and penalties usually forgiven, plus no charges or finance charges”.

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With the recent announcement of President Obama’s $ 75 billion Loan Modification strategy, the Homeowner Stability and Affordability Initiative, Lawyer Hoats believes the want for customer legal help has turn into even far more pronounced. Hoats commented, “While we welcome new efforts by the President and Congress to address the foreclosure dilemma, the Homeowner Stability and Affordability Initiative falls short, simply because it does not mandate that a lender do something to support the customer in distress. With out legal representation, customers will continue to be manipulated and mislead by lenders and collection agents. Residence Stability is focused on solutions that are in the ideal interest of the consumer, not the lender’s very best interest.”

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Extra information about Joseph Hoats and qualifying procedures for the new Homeowner Stability Answer are available at Homeowner Stability Loan Modifications.

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About Joseph Hoats

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With more than 20 years of encounter as an Attorney, Joseph Hoats has worked for the rights of the consumer all through his profession. Working together, his team of committed experts has perfected the Loan Modification process with the introduction of their proprietary Homeowner Stability Solutiona systematic method responsible for maintaining hundreds of distressed Property owners in their homes and avoiding foreclosure. In addition to Lawyer Hoats, his team of leading-flight specialists contains licensed real estate brokers, mortgage brokers and owners of mortgage servicing organizations.

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Joe is a graduate of Vanderbilt University and has practiced law for more than two decades. He has litigated in the regions of True Estate Law, Bankruptcy Law, Foreclosure and Loan Modification, Trust Law, Probate Law, Organization Law and has comprehensive encounter with Litigation in State and Federal Courts. He is an active member in very good standing with the State Bar of California, State Bar #141599.

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Florida Law Firms Conducting Free Foreclosure Seminar

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Tampa, FL (PRWEB) November 15, 2010

Two prominent foreclosure attorneys, every single of whom deal with numerous hundred foreclosure lawsuits, are joining forces to place on a cost-free foreclosure seminar for Florida homeowners.

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Mark Stopa, Esq. of Stopa Law Firm and Matthew Weidner, Esq. of The Law Offices of Matthew Weidner, P.A. are conducting the totally free seminar on Saturday, November 20, 2010 at the Tampa Convention Center in Tampa, Florida. Mr. Stopa and Mr. Weidner intend to speak about a myriad of foreclosure-associated topics, like loan modifications, strategic default, short sales, bankruptcy, and other hot button foreclosure troubles.

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Mr. Stopa, whose Stopa Law Firm is sponsoring the event, envisions the seminar as a way for Florida home owners to find out about foreclosure-connected troubles from the point of view of a foreclosure defense attorney.

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There is so considerably misinformation out there, stated Mr. Stopa. Ive observed banks hold foreclosure seminars, and even some realtors, and Im concerned that several Florida homeowners are unaware of the legal rights they appreciate or how the foreclosure process in fact functions.

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It sounds challenging to believe, continued Mr. Stopa, but banks are frequently the ones that cause this misinformation by actively misleading home owners. Numerous property owners believe they can trust the banks, and they dont retain counsel, so they dont comprehend whats in fact going on till its also late.

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Mr. Weidner views the seminar as a way for homeowners to exchange stories, help each and every other, and seek widespread adjust in the foreclosure procedure. The American people have turn out to be as well passive in the foreclosure crisis, said Mr. Weidner. This seminar provides all of us a possibility to make sure that our voices are heard.

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The seminar will begin in Ballroom A of the Tampa Convention Center at 11:00 a.m. on Saturday, November 20, 2010 and will proceed till late afternoon. Ballroom A seats 700 folks, and it is anticipated that home owners from all across Florida will attend.

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Stopa Law Firm has offices in Tampa, Orlando, Jacksonville, and Ft. Lauderdale and at the moment handles a number of hundred foreclosure lawsuits all through Florida. Stopa Law Firm can be reached at 888-450-1549 or http://www.stayinmyhome.com.

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Matt Weidner handles a number of hundred foreclosure foreclosure lawsuits, primarily in the Tampa/St. Pete location. He can be reached at 727-894-3159 or http://www.mattweidnerlaw.com.

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Mr. Stopa and Mr. Weidner both create a weblog about foreclosure-related problems. Their blogs can be found on their respective sites.

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Foreclosure Sales Steadily Climbing

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Discovery Bay, CA (PRWEB) June 17, 2009

ForeclosureRadar.com, the only internet site that tracks each and every California foreclosure, and supplies everyday auction updates, issued its month-to-month California Foreclosure Report for Could 2009. Foreclosures sales jumped 31.9 % in May possibly, following a 35 percent increase the prior month. Notices of Trustee Sale, which set the auction date and time, also rose a considerable 42 percent from April, indicating that foreclosure sales are likely to continue to rise in the weeks and months ahead. Regardless of these increases, and a record quantity of foreclosures scheduled for auction, lenders continue to voluntarily postpone the majority of foreclosure sales.

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High-level findings for Could 2009 incorporate:&#13

Notices of Default, which are the very first step in the foreclosure procedure, fell four.2 % from April to 40,870 filings. Year-more than-year filings were down 3.1 percent from Could of 2008.&#13

Notices of Trustee Sale filings reached a new record level in Might with 41,959 filings, representing an improve of 42 % from April. Filings were 24.1 percent higher than a year earlier, and 7.six % larger than the prior record set in July of 2008.&#13

Foreclosures taken to sale at auction reached 17,871, a 31.9 percent increase from the prior month, but 30 percent reduced than a year earlier. Even though loan values represented a total of $ eight.01 Billion in May possibly, 83 % of the sales had been taken to auction with a discounted opening bid that averaged just 58.6 % of the loan worth.&#13

The majority of foreclosure sales continue to be taken back by the lender, with 87.9 percent, or 15,599 sales, with a total loan value of $ 6.98 Billion, taken back by the lender in Could. &#13

Third celebration foreclosure auction sales continued to increase substantially to a total of 2,272, an improve of 39 % from the prior month, and a significant 228.3 percent improve from May possibly 2008. Far more than half of third celebration sales occurred in just 5 counties: Los Angeles, San Diego, Orange, Riverside and Sacramento.

“Whilst several complain that lenders are foreclosing as well aggressively, and other people claim a wave of foreclosures sales is imminent, the data truly shows that lenders are carrying out every little thing attainable to delay foreclosure,” says Sean O’Toole, founder and CEO of ForeclosureRadar. “The reality is that we have extremely handful of homeowners getting foreclosed on when viewed as a percentage of those scheduled to be foreclosed on, in default, delinquent, or upside down in their mortgage.”

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As the only service that tracks every single foreclosure auction all through the state, ForeclosureRadar is uniquely in a position to see not only how several foreclosures were initiated, but also the existing status of these foreclosures and their ultimate outcomes, regardless of whether postponed, cancelled or sold. By the finish of May possibly we had a record 111,824 foreclosures scheduled for sale, yet just 15.9 % have been actually sold, versus 49.2 percent of scheduled foreclosures becoming sold a year earlier. Further, when sales peaked in July 2008 at levels 61 % higher than these reached in May possibly 2009, there have been only 64,598 foreclosures scheduled for sale, 42.two percent fewer than today.

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Of these foreclosures currently scheduled, 40 % are becoming postponed to a future date at the lenders request, and one more 33 % are being postponed based on the mutual agreement of lender and borrower, clearly demonstrating that lenders are indeed delaying foreclosure in the majority of situations on their personal accord.

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Specifically note that lenders had been under no obligation in May possibly to supply a loan modification plan, quick sale, or other resolution, and that these efforts would have resulted in a cancellation of the sale rather than a postponement. Could saw just six percent of scheduled foreclosures canceled, the lowest percentage of cancellations we have on record.

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Sign up to receive the California Foreclosure Report.

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CALIFORNIA FORECLOSURE REPORT METHODOLOGY&#13

Rankings are based on population per foreclosure sale. NOD indicates the number of Notices of Default that were filed at the county, and NTS indicates filed Notices of Trustee Sale. Sales indicates the quantity of properties sold at foreclosure auction. Percentage modifications are based on month-to-month Sales. The data presented by ForeclosureRadar is primarily based on county records and person sales final results from everyday foreclosure auctions all through the state – not estimates or projections.

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ABOUT FORECLOSURERADAR.COM&#13

ForeclosureRadar is the only web web site that tracks each foreclosure in California with daily updates on all foreclosure auctions. ForeclosureRadar features unprecedented tools to search, handle, track and analyze preforeclosure, foreclosure auction, brief sale and bank owned real estate. The internet site was launched in Might 2007 by Sean O’Toole, who spent 15 years constructing and launching software program firms before getting into the foreclosure organization in 2002 where he effectively purchased and sold a lot more than 150 foreclosure properties. ForeclosureRadar is an indispensable resource for genuine estate agents, brokers, investors, lenders, mortgage brokers, attorneys and other genuine estate experts specializing in the California real estate marketplace.

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Truman Foreclosure Assistance Announces New Promotions

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Miami, Florida (PRWEB) June 22, 2009

Truman Foreclosure Assistance is pleased to announce that Mr. David Bouffard has been promoted to the position of CEO. Mr Bouffard brings his years of expertise and his accomplishment in the mortgage and genuine estate business which will let Truman to continue their fast growth and improvement in assisting today’s worried and financially distressed home owners.

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Since its inception, Truman Foreclosure Help has helped hundreds of homeowners keep away from foreclosure by modifying their loans with new terms they can afford. “There are many motives that somebody may well fall behind on their mortgage, and the economy of late has surely been no assist,” says CEO Dave Bouffard. “But it is important for property owners to know that they do have options. A person’s mortgage terms are negotiable, and our job is to act as an advocate on their behalf.”

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Moreover Truman is also proud to announce the appointment of Shoshanna Itzkowitz into the newly produced position of Director of buyer service. “Ms. Itzkowitz’s appointment will enable us to continue our concentrate on sturdy growth without having sacrificing the all critical and essential aspect of the highest caliber of consumer service,” stated Mr. Bouffard.

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Ms. Itzkowitz says “The most important portion of the loan modification approach is during the negotiation period. We strive to make positive our customers feel secure, protected and can trust that a person is watching out for their best interests.”

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About Truman Foreclosure Assistance&#13

The notion of 1 loved ones helping American homeowners in distress get by way of this really tough period can sound overwhelming. However Truman Foreclosure Help is performing just that! Levi Stein COO of Truman Foreclosure Help wants to reassure Americans that “You are not alone, and we will continue to stand up for what’s appropriate and just in our nation. That’s what tends to make America so excellent! We perform day and night to defend our clients’ most valued asset, and resolve a single of the most frightening outcomes that could come about to anyone. Owning a home is what the American dream is all about.

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Ms. Itzkowitz is obtainable for interviews

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Get in touch with:&#13

Shoshanna Itzkowitz&#13

Office: 786-735-1991 Ext. 4625&#13

Fax: 877-245-9168&#13

http://www.trumanfa.com

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Connected Loan Modification Services Press Releases

Save Your Home From Foreclosure With A Loan Modification And Join Monetary Specialists On A Complimentary Cruise

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Long Beach, CA (PRWEB) July 15, 2009

Consumer advocate and Loan Modification Attorney, Joseph Hoats, announced today the very first “Life Modification Cruise”, scheduled for November 10-15, 2009, departing from Ft Lauderdale Florida to ports such as Georgetown, Cayman Islands and Ocho Rios, Jamaica. This distinctive 5-day journey aboard the fabulous, new MSC Poesia will contain access to all Life Modification Seminars, created to prepare consumers for life after a effective Loan Modification from Residence Stability. According to Joseph Hoats, “Our objective is to give Loan Modifications that buyers can afford, supplying them with the foundation to reclaim their life. We have identified that most individuals need extra tools to live in the new economy and our Life Modification Cruise is just the ticket. We will supply complimentary passage for two for all buyers retaining our Loan Modification Services, while supplies last.”

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Aboard the “Life Mod Cruise”, participants will discover new economic and legal approaches from Joseph Hoats and other professionals covering topics like Loan Modifications, Total Debt Elimination, Negotiating with the IRS, Making Budgets That Work, Accelerated Retirement Preparing and more. Most crucial, customers will depart the cruise with the abilities necessary to generate a Life Modification Program that they can follow, supplying a “fresh start off” on the road to individual success. Hoats commented, “The backdrop of a cruise is the best pressure-cost-free environment to find out from our team of professionals. Even though the Loan Modification is a crucial step to attain financial stability, the addition of the Life Modification Cruise system significantly improves probabilities of sustained good results.”

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Joseph Hoats and his organization, Property Stability has helped consumers about the nation stay away from the painful sting of Foreclosure by providing Loan Modification options that operate. In contrast to refinancing programs, the Home Stability approach does not require credit checks, higher FICO scores, appraisals, down payments or closing fees. According to Mr Hoats, “Our common client has knowledgeable some monetary hardshipa job loss, earnings reduction, divorce or health-related dilemma that tends to make it tough to pay the month-to-month mortgage payment. In some situations, the mortgage might have adjusted to a greater interest rate. Additionally, the property value could have dropped drastically whilst the present financial crisis has brought on the homeowner to miss one particular or more loan payments. These are great, hard-working, family-oriented Americans who have fallen on difficult occasions, through no fault of their personal, and they require compassion, aid, and a legal game strategy to save their property”.

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After a client has qualified, a custom Loan Modification remedy is initiated, exercising the client’s legal rights and dealing straight with the lender’s legal department. Practically quickly, the client will note that harassing phone calls start to dissipate, as Attorney Hoats and his group takes more than direct speak to with all lenders encumbering the property. As one happy homeowner, Elva Loera of California, puts it, “After months of stalemate with a “so-named” national Loan Modification Business, a pal told me about Joseph Hoats. Inside weeks of retaining Mr. Hoats, my lender responded with a 30 year fixed price loan at three.689%. My family and I will constantly be grateful to Joe for saving our home and giving us a new commence.”

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According to Hoats, “There has never ever been a much better time for a Loan Modification and the complimentary inclusion of the Life Modification Cruise makes it even simpler for shoppers to turn their lives about. I encourage anybody who is struggling producing their mortgage payment or facing Foreclosure to act quickly and end the pain.”

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Added information about Joseph Hoats, Loan Modification services and information concerning the Life Modification Cruise are obtainable at http://www.HomeStability.com

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About Joseph Hoats

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With over 20 years of expertise as an Attorney, Joseph Hoats has worked for the rights of the consumer throughout his profession. Working together, his team of committed professionals has perfected the Loan Modification process with the introduction of their proprietary Homeowner Stability Solutiona systematic strategy responsible for keeping hundreds of distressed Home owners in their residences and avoiding foreclosure. In addition to Lawyer Hoats, his group of leading-flight specialists involves licensed real estate brokers, mortgage brokers and owners of mortgage servicing firms.

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Joe is a graduate of Vanderbilt University and has practiced law for over two decades. He has litigated in the places of Real Estate Law, Bankruptcy Law, Foreclosure and Loan Modification, Trust Law, Probate Law, Business Law and has substantial knowledge with Litigation in State and Federal Courts. He is an active member in very good standing with the State Bar of California, State Bar #141599.

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Foreclosure Sales Enhance 24.7 Percent

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Discovery Bay, CA (PRWEB) July 15, 2009

ForeclosureRadar (http://www.foreclosureradar.com ), the only site that tracks every single California foreclosure, and supplies daily auction updates, issued its month-to-month California Foreclosure Report for June 2009. For the third consecutive month, foreclosure sales jumped significantly as lenders come off the moratorium. Foreclosure sales enhanced by 24.7 % following a 31.9 % increase in May possibly, and a 35 % April boost. Notices of Trustee Sale dropped by an unexpected 28.7 percent, with the timing of the drop indicating that it was in response to the California Foreclosure Prevention Act. This law was broadly believed to have small or no effect on foreclosure filings, as it exempted the majority of massive lenders that operate in the state.

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High-level findings for June 2009 consist of:&#13

Right after a 4.2 % drop the prior month, Notices of Default, the initial step in the foreclosure process, rose by 11.8 % to the second highest level on record at 45,691 filings. Year-over-year filings enhanced by 10. percent from June of 2008.&#13
Notices of Trustee Sale, which set the auction date and time, dropped by a surprising 28.9 percent from Could to 29,853 filings. Notice of Trustee Sale filings also dropped year-over-year by 14.8 percent.&#13
A total of 22,291 foreclosures were taken to sale at auction, representing loan worth of $ 9.57 Billion dollars a 24.7 percent increase from the prior month, although 8.2 percent lower than the prior year. The opening bids set by lenders were an average 39.3 % decrease than the loan balance, with 46. % of sales discounted by 50. percent or far more.&#13
Sales to third party bidders at auction in June improved by 18.3 % from Could, to two,687 foreclosures. As a percentage of sales, the majority of foreclosures nevertheless continue to be taken back by the lender 87.9 percent or 19,604 sales, with a total loan value of $ 8.44 Billion, have been taken back by the lender in June. &#13
A new statistic they are watching closely is the number of properties actively scheduled for sale – which means that a Notice of Trustee Sale has been filed to set the auction date and time, but the foreclosure has not but been sold or canceled. Under California’s foreclosure code, a foreclosure sale can be postponed repeatedly for a single year before a new Notice of Trustee Sale has to be filed. Whilst postponements are quite widespread, they have reached record levels in current months, swelling the number of scheduled foreclosures 90.1 % year-more than-year to 113,141. &#13
“A number of lenders seem to have self-imposed California’s most recent foreclosure moratorium on themselves, in spite of possessing received an exemption from it,” says Sean O’Toole, founder and CEO of ForeclosureRadar. “Provided the number of exempt lenders it was quite surprising to see Notice of Trustee Sale filings drop by practically 50 % the day the new law went into impact.”&#13

The California Foreclosure Prevention Act adds an further 90 days to the time before which a lender can file a Notice of Trustee Sale. Lenders can avoid this further requirement by placing in location a comprehensive loan modification plan and nearly all main lenders operating in the state have been exempt as of June 16th, however filings nevertheless dropped drastically. Among the several authorized lenders whose filings dropped from May possibly to June, Bank of America’s filing declined by 48 %, and Litton Loan Servicing Declined by 41 percent. At the identical time, a handful of lenders substantially enhanced their filings in June like CitiMortgage by 69 % and Downey Savings by 45 %. Notice of Trustee Sale filings had been climbing late in the month so it remains unlikely this law will have any lengthy-term effect on foreclosure activity.

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Sign up to receive the California Foreclosure Report.

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CALIFORNIA FORECLOSURE REPORT METHODOLOGY&#13

Rankings are based on population per foreclosure sale. NOD indicates the quantity of Notices of Default that were filed at the county, and NTS indicates filed Notices of Trustee Sale. Sales indicates the quantity of properties sold at foreclosure auction. Percentage alterations are based on monthly Sales. The information presented by ForeclosureRadar is primarily based on county records and individual sales benefits from every day foreclosure auctions throughout the state – not estimates or projections.

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ABOUT FORECLOSURERADAR.COM&#13

ForeclosureRadar is the only web internet site that tracks every foreclosure in California with everyday updates on all foreclosure auctions. ForeclosureRadar characteristics unprecedented tools to search, manage, track and analyze preforeclosure, foreclosure auction, brief sale and bank owned real estate. The internet website was launched in May possibly 2007 by Sean O’Toole, who spent 15 years developing and launching software organizations prior to entering the foreclosure company in 2002 exactly where he successfully bought and sold far more than 150 foreclosure properties. ForeclosureRadar is an indispensable resource for true estate agents, brokers, investors, lenders, mortgage brokers, attorneys and other actual estate professionals specializing in the California real estate marketplace.

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Brookstone Law, Computer Aids Foreclosure Victims as Moratorium Ends

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Newport Beach, CA (PRWEB) January 17, 2011

Following a brief moratorium final year, thousands of consumers throughout the country are again facing potentially wrongful foreclosure. Hundreds of thousands of homeowners all through the nation are also pursuing agreements that some lenders lead them to believe will lead to permanent loan modifications if they make lowered payments, but as a outcome of these agreements, a lot of customers will truly locate themselves further behind in their payments and could eventually be foreclosed upon.

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Simply because of the depth and severity of what we perceive to be a enormous abuse perpetrated by lenders who had been bailed out with our tax dollars, Brookstone Law will be filing lawsuits against lenders to shield California homeowners.

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A lot of customers are standing up to defend their rights by contacting Brookstone Law by way of Bankclassactions.com http://www.BankClassActions.com. (BCA), a special website created to support home owners who have been mistreated or abused by banks and mortgage companies. BCA provides law firms the opportunity to post a totally free public profile for mass action suits (Class Actions and Mass Joinders) that have already been filed and for these that are in the active investigation phase. Consumers who check out the website can create a private and safe profile and are notified when their profile matches the profile of an existing case or investigation. The Consumer can then choose to transmit their profile to the law firms designated make contact with. BCAs mission is to give shoppers with a easy interface that provides the information they require to connect with attorneys that are fighting for their rights in courtrooms across America.

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Brookstone is really impressed by BCAs capacity to query its database and answer inquiries about loans produced by specific lenders at specific instances in distinct jurisdictions. We use this data to refine our litigation theory analysis and greater serve our clientele, said Vito Torchia, Jr., managing lawyer of Brookstone Law, Pc.

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Following many consumer inquiries on the web site, Brookstone Law will be filing a number of suits and has contracted to aggregate members for other suits against leading banks and mortgage lenders which includes:&#13

U.S. Typical Cost of Homes in Foreclosure in 2009/Q4 vs. 2010/Q4 Exposes Continued Concern for Economy and Property Values

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New Hyde Park, NY (PRWEB) January 19, 2011

Data revealed by ForeclosureListings.com confirms that jobs and economic stability reflect the overall temperament of the citizens. While some cities and states languish due to insufficient jobs and income, other areas show a more sustainable economic base, with or without the well intended plans of the government to help people keep their homes.

Government moratoriums over the past few years have had very little effect on the volume of foreclosure postings filed during 2010. 2.39 million home foreclosures were initiated during the first 11 months of 2010, and 1.01 mortgaged homes were completely executed during that time. In fact, it has been said by researchers and loan modification companies that the governments plans to relieve some of the hardships so many Americans are experiencing, that much of the money secured with the government was not and has not been released to those most in need of it.

Foreclosure sales dropped sharply in October and November of 2010, as several large lenders suspended foreclosure proceedings in the wake of the quick, robo-signing scandal. Lending institutions were ramrodding paperwork through without performing the due diligence necessary to ensure that all information was proper and accurate, which often times were not, resulting in some homeowners being removed unnecessarily or illegally from their homes, and damaging their credit.

According to recent figures, foreclosure sales plummeted from nearly 120,000 in September to 69,000 in October and 55,000 in November, as the foreclosure process slowed or suspended temporarily as lenders rechecked their information and policed their procedures.

During this time, foreclosure starts declined from nearly 250,000 in September to 205,000 in October, but then picked back up again to 221,000 in November.

The glut of bank-owned properties has helped contribute to sharply declining house prices in many areas of the country. Bank owned properties are ready to be sold; they are vacant and the bank is motivated to find a buyer. The number of short-sale listings increased to nearly 55 percent, as banks were anxious to remove bad debts from their books and get what they could as soon as they could.

While unemployment is directly tied to these bleak housing trends, tens of millions of Americans are worried about their home values. Almost 30 percent of homeowners with mortgages are underwater, meaning that they owe more than their home is worth on the market. Even more people worry about their ability to pay their mortgages. Home prices could continue to adjust downward while a cloud of uncertainty keeps the home-buying market uneasy and unwilling to commit to a mortgage commitment.

ForeclosureListings.com data for the fourth quarter of 2010 compared to the same period a year earlier reveals that in some states the foreclosure market has improved and in others, where unemployment and under employment has manifested, it has worsened.

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