Foreclosure is the ultimate penalty for property owners who default on their mortgaged obligations. The true health of the national economy can often be measured by its foreclosure rate, the percentage of homeowners falling into default and foreclosure. This is particularly true in America, where great emphasis is placed on homeownership.
There are many reasons why [...]
Archive of entries posted on February 2009
What You Should Know About Foreclosures
Gov. Arnold Schwarzenegger’s assistance in California
In order to help those hit hard by the subprime mortgage crisis, Gov. Arnold Schwarzenegger has:
announced $69.5 million in permanent low-interest loans from the Proposition 1C housing bonds to jumpstart 14 affordable multi-family projects, which is to help more than 1,000 California families,
announced more than $72 million in federal HOME Investment Partnerships Program funds [...]