Tag Archives: Property

Injured Veterans Can Apply for Cost-free Property Repairs and Modifications

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WASHINGTON (PRWEB) July 13, 2006

Rebuilding Togethers Serving These Who SERVE system is searching for far more applicants to give its solutions. The system supplies free residence modifications and repairs to severely injured veterans and soldiers returning from Operation Iraqi Freedom and Operation Enduring Freedom.

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Injured veterans and soldiers returning from Iraq and Afghanistan necessary assist adjusting to life altering injuries, and we assist to fill that require, explained TJ Cantwell, Plan Director for Serving Those Who SERVE. It is also a fantastic way to show our appreciation for their service to our nation.

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Serving Those Who SERVE focuses on assisting active soldiers and honorably discharged veterans of OEF/OIF whose injuries include 1 or any mixture of loss of sight loss of hearing loss of mobility and traumatic brain injury. The scope of the residence modifications and repairs on a project varies and can range from replacing door knobs with latch handles, to remodeling a bathroom to contain a zero entry shower with accessible fixtures, to building wheelchair ramps.

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We just completed our fifth project and are looking to assist several a lot more veterans and soldiers. explained Cantwell, We want to assist as a lot of injured OEF and OIF veterans and soldiers as achievable and encourage them to apply.

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Countrywide, the nations #1 residential mortgage lender is the founding sponsor of Rebuilding Togethers Serving These Who SERVE and committed $ 1 million to permit the program to help up to 70 injured veterans and soldiers.

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Prior Serving These Who SERVE projects have been completed in Rosedale, MD Manassas Park, VA Birmingham, AL Clinton, MD and Miramar, Florida.

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Applications to apply for help can be discovered on our site at http://www.ServingThoseWhoSERVE.org or you can get in touch with and request an application at 1-800-473-4229.

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About Countrywide

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Founded in 1969, Countrywide Economic Corporation is a member of the S&ampP 500, Forbes Global 2000 and Fortune 500. Through its family of firms, Countrywide supplies mortgage banking and diversified economic services. Mortgage banking businesses contain loan production and loan servicing principally by means of Countrywide House Loans, Inc., which originates, purchases, securitizes, sells, and services prime and nonprime loans and loan closing services provided by the LandSafe group of companies. Diversified monetary services encompass banking, capital markets and insurance, largely by way of the activities of Countrywide Bank, N.A., a bank providing depository and residence loan goods Countrywide Capital Markets, a mortgage-associated investment banker with offices in the U.S., U.K. and Japan Balboa Life and Casualty Group, whose businesses are national providers of home, life and casualty insurance coverage and Balboa Reinsurance, a captive mortgage reinsurance firm. Headquartered in Calabasas, California, Countrywide has a international perform force of much more than 50,000 and more than 800 offices. For much more details about the firm, check out Countrywide’s website at http://www.countrywide.com.

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About Rebuilding With each other

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Rebuilding Collectively is America’s largest volunteer-primarily based organization preserving and revitalizing homes and communities, and assuring that low-earnings property owners, particularly those who are elderly and disabled and households with youngsters reside in warmth, security and independence. Our purpose is to make a sustainable effect in partnership with the neighborhood. For more information, go to http://www.rebuildingtogether.org.

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For far more data contact:

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TJ Cantwell

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Plan Director

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Rebuilding Tog ethers Serving Those Who SERVE

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TJ_Cantwell@rebuildingtogether.org

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202-518-3123

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Becky Carter

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Rebuilding Tog ethers Public Relations and Volunteer Coordinator

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Serving These Who SERVE

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Becky_Carter@rebuildingtogether.org

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202-518-3111

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9 Year Old Non-Profit Partners with Consumer Advocacy Group to Assist Property owners With Mortgage Mitigation and Credit Protection

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Fort Lauderdale, FL (PRWEB) November 23, 2008

U.S. house foreclosures have now hit records levels never observed prior to as the housing crisis’ choke hold on America continues.

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In September of 2008, 265,968 far more troubled home owners received foreclosure filings such as default, auction, or bank repossession notices. In the third quarter of 2008 alone, 765,558 foreclosure filings have been created on U.S. properties, up 3% from the second quarter and 71% from the exact same period last year.&#13

Stephanie Pimental, Vice-President and Executive Director of Alpha 2000 Community Improvement, Inc, a 9 year old 501(c)three Non-Profit group specializing in helping families stay in and keep their properties says, “Men and women are turning to our non-profit organization following the frustration of getting nowhere with their mortgage businesses”.

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“Due to the rapid and overwhelming enhance in delinquencies, mortgage companies’ capability to hire and train staff to deal with them, is not keeping pace”, said Narayan Dindiyal, President of Alpha 2000 considering that its inception.

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“Obviously, if you never have the training and the sources to aid clientele whom, more occasions than not, are hunting for aid and are prepared to function with their lenders, you are going to have poor consumer tracking, ridiculously extended wait times on the telephone, and inconsistent service.

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“We are not new to this”, says Kevin Hagen of Hagen &amp Hagen, P.A., an attorney affiliated with each Alpha 2000 and (NACRA) The National Association for Credit Responsibility and Advocacy, “In reality, in almost 50 years of the firms practice, we have been representing consumers with Real Estate and customer- related circumstances to now assisting largely with loss mitigation, foreclosures, and bankruptcies.”

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“Loss Mitigation is the act of lessening the mortgage holder’s risk of foreclosure. We can propose several diverse plans and strategies to the bank or lender to place the loan back in great standing”, stated Hagen. Pimental also stated that banks and lenders stand to lose a lot of thousands of dollars so it is significantly far more equitable if a “meeting of the minds” can occur in order to come to an agreement on repayment in which both the homeowner and lender win.

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Here’s how the system works no matter if you are 30, 60, 90, or 120 days late, or even already in foreclosure, homeowners will be assigned a loss mitigation specialist who will take them via a free consultation with a genuine estate specialist.

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By means of a thorough investigation and fact obtaining session, the consultant will be capable to decide the very best course of action for the homeowner. This details will be passed along to the rest of the mortgage mitigation group to help in the process of attaining the homeowner’s objective.

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Next, a file examiner is assigned to evaluation the true estate transaction, loan documents and contracts in order to establish if there had been flaws, inaccuracies, and/or outright errors created by the lender or broker. Subsequent, a forbearance and modification processor will use the data gathered to leverage it to the homeowner’s advantage and then renegotiate or modify the terms of their existing bank loan so the homeowner can hold their house under monetary terms and conditions they can live with right now.

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“Simply put, our objective is to maintain as a lot of consumers in their homes and communities as achievable or to get them out with as tiny damage to their credit and economic scenario by using our access of nationwide pros and attorneys”, stated Dindiyal.

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These adverse economic situations have led Luis O. Rodriguez, Founder of the National Association for Credit Responsibility and Advocacy (NACRA), to offer you NACRA memberships as element of the membership into Alpha 2000. As element of NACRA’s “Credit and Financial – Direction and Protection” strategy, Alpha 2000 members will have access to Credit Audit and Verification, Economic Helpline, Totally free Monetary income management provided by Mint.com, and several more positive aspects and services.

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Rodriguez of NACRA said, “Apart from the present foreclosure predicament gripping not just the state of Florida, but the country as a entire Bankruptcies are skyrocketing as effectively”. The U.S. Bankruptcy Court for the Southern District in Florida reported that there had been virtually 2000 filings for October 2008, up 61% from the identical time last year, not to mention they had been up 30% nationwide during the 1st six months of 2008 according to the American Bankruptcy Institute.

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Also, because Alpha 2000 is a 501 (c)three Non-Profit Corporation, a portion of their proceeds are donated appropriate back into whichever neighborhood they are helping, funding a variety of local non-profit organizations, thus assisting other families in require. In the end, this process will save the homeowner tens of thousands of dollars and much more importantly, save their most treasured asset: their home.

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FOR Additional Data&#13

Stephanie Pimental

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ALPHA 2000 Community Improvement, INC&#13

Phone: 954-962-1409

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Whilst HAMP and Other Programs Fail the Law Firm United Law Group Continues to Aid Property owners by Pursuing Legal Channels

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Irvine, California (PRWEB) May 25, 2010

United Law Group right now announced that they have helped over 5,500 property owners to date. The law firm continues to help property owners get final results on circumstances with their residence loans, such as permanent modifications, trial modifications, forebearances, and several extensions on sale dates. This national law firm uses every available legal channel to help the households and men and women it serves.

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Juan Loera of Camino Island, WA, is a single of thousands of property owners helped. This common contractor ran a multi-million-dollar company just before the financial downturn. His loved ones residence, which he bought over 12 years ago on a fixed loan, was threatened when his business and his income have been lowered to practically nothing. He turned to United Law Group so that he, his wife, and his 3 youngsters wouldnt lose that home.

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The firm fought the banks for over a year on our behalf, stated Loera. Thanks to United Law Group, our payment of $ two,796.84 was reduced to $ 1,705.17. My wife went back to function and Ive worked on smaller projects lately. That savings of $ 1,092 per month will enable us to remain in our residence.

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John Rubens and Lucia Garcia-Rubens found themselves in a similar predicament. Possessing utilized their savings and credit cards to survive, the couple contacted United Law Group to aid the save their property from foreclosure.

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Our payment was scheduled to reset inside the subsequent year and we desperately required assist, stated Mr. Rubens. The banks produced it not possible to perform with them directly. When you go against Goliath, you need somebody with shields and weapons on your side. The staff at United Law Group gave us hope and helped us when we didnt consider anybody could.

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Garcia Ware retained United Law Group in February of 2009. Hed been laid off and the value of his home had plummeted.

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United Law Group worked for an whole year to get me a loan modification, stated Mr. Ware. Without the knowledge, skill and persistence of our legal group I dont know exactly where wed be.

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These stories are not unique, stated United Law Group Managing Director Robert Buscho. There are thousands much more homeowners just like them who have come to our firm when the banks abandoned the promises they made to the American men and women.

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This news comes at a time when the United States Government has stated that the Home Affordable Modification Program (HAMP) has failed. On February 25, 2010, Ranking Members of the U.S. House of Representatives Committee on Oversight and Government Reform Darrell Issa (CA-49) and Jim Jordan (OH-four) published a report titled: The Treasury Departments Mortgage Modification Applications: A Failure Prolonging the Financial Crisis. The report tracks the history of the Obama Administrations foreclosure mitigation programs, focusing on the Home Reasonably priced Modification Plan (HAMP).

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Calling federally-imposed mortgage modifications a questionable use of taxpayer sources the report focuses on HAMPs failure to assist anyplace near the 3-4 million distressed home owners to whom the Administration promised aid

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The executive summary of the report asserts that, HAMP has failed HAMP may really hurt far more property owners than it helps and even a lot more distressing, Treasury is trying to hide the failure of HAMP, stated Mr. Buscho. When a system of this size fails it calls into questions the policies and practices of the monetary institutions that benefitted financially by pledging compliance with the terms that would assist distressed property owners.

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HAMP was tasked with helping 3 to four million property owners stay away from foreclosure in March of 2009. Numbers reported at the end of January 2010 show that the program helped significantly less than three% of home owners it was told to support. Further numbers are not accessible since the Treasury stopped reporting a important number in January, which means the public can no longer calculate the applications accomplishment or failure price.

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Since of the intense resistance from banks to provide true solutions, United Law Group continues to file suits against banks, including many higher profile instances against Bank of America and its subsidiary Countrywide House Loans, JP Morgan Chase, and others, stated Buscho. When a client retains United Law Group we pledge to pursue every single feasible legal channel to come to their aid. We honor that pledge and the proof is in the quantity of property owners who have received assist from our firm.

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About United Law Group&#13

United Law Group represents shoppers in complicated litigation regarding abusive banking practices, breaches of contract and violations of state and federal laws. United Law Group also litigates cases involving bankruptcy, IRS settlements and debt settlements in state and federal courts across the nation. Employing a group of leading-notch attorneys, United Law Group leverages leading-edge technology to manage instances, assistance investigative efforts and make sure accurate, frequent communication with its clientele. The firm is presently forming numerous class action lawsuits.

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American Residential Law Group Warns Property owners to Beware of Widespread Mortgage Modification Scams

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Fort Lauderdale, FL (PRWEB) July 22, 2010

American Residential Law Group urges property owners facing attainable foreclosure action to be wary of numerous fraudulent house mortgage modification scams. These fraudulent applications can seem genuine, but do nothing to advantage property owners financial conditions.

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With the continued financial instability facing the nation, much more property owners than ever just before are faced with the frightening prospect of foreclosure on their homes. One of the most beneficial techniques to alleviate this onerous monetary burden is to modify the home mortgage of these owners. Nonetheless, not all modification applications are produced equal. Some are, in truth, absolutely nothing much more than scams, made to crippled home owners currently-decreased monetary well being.

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American Residential Law Group, a long-time advocate for home owners rights, urges home owners facing the prospect of foreclosure to completely check any lender or organization providing house loan modifications.

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Possibly the most common scam that can trap unwary property owners is the rent-to-own, or leaseback, choice. In this scenario, home owners are tricked into surrendering the title to their home, with the understanding that they will be in a position to get the home back. However, this usually final results in the total loss of ownership, and the continued debt of the original mortgage.

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Another fraudulent property loan modification system consists of fake government modification gives. Frequently, these scammers go to fantastic lengths to appear reputable, even to the extent of building websites that look like government agency sites. American Residential Law Group urges homeowners to be very leery of any company offering such programs, and to acquire the guidance of a legal professional prior to generating any such agreement.

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To find out much more about home mortgage modifications and how American Residential Law Group can be of assistance to you, check out them at http://www.ARLGNow.com.

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About American Residential Law Group: American Residential Law Group is a law firm that strives to offer the neighborhood with legal help and all the positive aspects to which customers are entitled below the law. With a considerable background in all places of customer advocacy, American Residential Law Group remains devoted to delivering integrity and excellence for their clientele, and growing their high quality of life.

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Phoenix/Mesa Law Firm Helps Property owners Steer clear of Foreclosure

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Phoenix / Mesa, AZ (PRWEB) April 7, 2009

In what’s becoming described as the worst financial recession because Globe War II, a lot of profitable people in Phoenix are on the verge of foreclosure as a result of job loss, decreased enterprise earnings, and other unexpected life events.

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The Phoenix/Mesa law firm of Gibson Ferrin &amp Riggs, PLC is responding to the requirements of local home owners by assisting them in maintaining their homes and avoiding foreclosure. “There are a number of methods we use with homeowners facing foreclosure, including getting a forbearance on previous due amounts, interest price reductions and helping them modify their loan to a low, fixed interest rate,” says lawyer Michael Ferrin.

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Forbearance is when your mortgage business agrees not to foreclose on your property even even though you are past due. You or an attorney on your behalf should negotiate the terms with your bank.

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Getting an interest rate reduction will reduced your month-to-month payments and maybe the total quantity owed on your mortgage. For property owners who have knowledgeable a current pay lower or job loss, this can assist them in staying in their property.

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Lawyer Scott Gibson believes, “A lot of Arizona homeowners are familiar with the term loan modification, but do not know if they qualify or know how to start the method. We provide them a totally free consultation and stroll alongside them every single step of the way. This is an emotionally challenging time for numerous successful people, but we can only support if they get in touch with us quickly sufficient.”

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Homeowners who are a lot more than 30 days behind on their mortgage payments, must quickly get in touch with their bank and speak with its loan modification department. If they can’t come to a fast resolution, the next step is to seek the assistance of an attorney knowledgeable in the loan modification method and qualified to negotiate with mortgage banks.

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“Whilst numerous Phoenix attorneys are specialist negotiators, quite few have expertise functioning directly with banks for homeowners and they do not know how to navigate all the red tape concealed in the loan modification approach like we do,” states lawyer Michael Ferrin.

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As a top Phoenix/Mesa law firm, Gibson Ferrin &amp Riggs, PLC gives loan modification services to regional homeowners. The law firm will give a cost-free initial consultation to all homeowners more than 30 days behind in their mortgage payments. Gibson Ferrin &amp Riggs, PLC is celebrating its 10 year anniversary and is an established and well-respected law firm in the Phoenix area.

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To see if you qualify for a cost-free consultation for a loan modification or mortgage help, please contact attorney Michael Ferrin at 480-633-8100 or go to their site at: http://www.gfrlaw.net.

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Support Your Property Owning Clients Stay in Their Properties with Actual Estate Advertising and marketing Internet site YourKasa’s Property Loan Modification, Brief Sale, and Refinancing Services

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Atlanta, GA (PRWEB) Might 6, 2009

YourKasa.com, a genuine estate marketing site supplying informational and monetary services to both buyers and sellers, announces a distinctive, well-timed resource for genuine estate agents and mortgage lenders – refinancing help, home loan modification (for those that cannot refinance), and short sale services for their current home owning consumers. With the quantity of foreclosures on the rise, assisting home owners stay in their homes and preserving cash flow for their own house and lending organizations is a key concern.

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“By extending this service to real estate agents and mortgage lenders, YourKasa is supplying helpful tools to the business – helping their customers maintain their properties even though continuing to bring in income via residence loan modification, quick sale, and refinancing solutions,” said Neil Terc, President of YourKasa. “YourKasa’s timely resource is a useful actual estate advertising tool to guarantee leads close everyday.”

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In many circumstances, possible clientele are no longer qualifying due to strict lending guidelines and residences that are now worth less. YourKasa’s responsive team of skilled underwriters, who have high rates of success negotiating residence loan refinancing, can help real estate agents and mortgage lenders find more desirable prices for their customers and hold their enterprise. For a lot more details on YourKasa’s actual estate advertising and marketing help and residence loan modification, brief sale, and refinancing solutions, please go to http://www.yourkasa.com to understand more.

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About YourKasa.com

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YourKasa.com is a function-wealthy on the internet true estate solutions site that supplies home buyers and sellers with the needed sources to assist them via the acquiring and selling process. The web site also offers sellers with the potential to market place their houses to a big, targeted audience and enables possible buyers to view thousands of real estate house listings on the web through detailed profiles, pictures, and maps. For far more info, visit http://www.yourkasa.com.

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Byte Application Announces Computer software for the Property Affordability Modification Plan

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Kirkland, WA (PRWEB) Could 11, 2009

Byte Software program, an innovative leader in safe and inexpensive application for banks, credit unions and mortgage brokers, announces the release of the BytePro Loan Modification Edition, supplying servicers with an all-in-one particular software program tool for processing modifications under the Treasury’s House Affordable Modification Plan (HMP).

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The BytePro Loan Modification Edition enables servicers to procedure HMP modifications from initial borrower contact through completion of the modification. It automatically calculates the interest price, term, and balance of the modified loan in accordance with Treasury mandates, and it produces all the documents that have to be executed by the borrower and servicer. For loans that do not qualify for the HMP program, the application provides the potential to modify loans according to the lender’s personal parameters.

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The HMP program was announced by the Obama Administration on February 18, 2009 and is anticipated to support amongst 3 and 4 million borrowers by minimizing their monthly mortgage payments to cost-effective levels. All servicers of Fannie Mae and Freddie Mac mortgages are required to provide loan modifications below the plan. Servicers of non-Fannie Mae and non-Freddie Mac loans can also participate and receive incentive payments from the Treasury.

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Byte Computer software is a division of CBCInnovis, whose true estate settlement services are seamlessly integrated into the application. The application can be utilized to order credit reports, property valuations, fraud detection reports, and title solutions. CBCInnovis is 1 of only six authorized resellers of Freddie Mac’s HVE

LostMyDebt.net LLC Introduces ‘Project Property Relief’ and Assists Minimize Homeowner’s Mortgage Notes without Loan Modifications

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Elk Grove, CA (PRWEB) July 1, 2009

Project House Relief serves as an imperative require for home owners who are considered upside down or owing more than what their property is worth. State and Federal governments are unable to meet their economic obligations for that reason home owners do not get direct governmental “bailouts” and therefore principle reduction often is their ideal hope to afford their home at the present market place worth. Other possibilities such as a brief sale, loan modification, and bankruptcy are typically either unaffordable, unavailable, and have a extreme adverse influence on your credit score.

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LostMyDebt.net LLC introduces “Project Home Relief” with a mission to revitalize the economy by educating consumers about the travesty of the housing business, undesirable credit, credit card debt, well being care, and the a number of services that are affecting our economy negatively.

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Project Home Relief will educate shoppers on how to decrease their principal balance of their present mortgage note to the fair market place value without the uncertainties of a loan modification. Here is a short overview on how the plan functions.

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1) House Relief will negotiate with your lenders to acquire the mortgage note on your house or property beneath the existing industry value even though the residence by no means ever leaves the homeowner’s name.

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2) Soon after all parties have agreed upon the discounted obtain value, Home Reliefs affiliate residence servicing firm will service the mortgage note on your home or house. The acquire price tag will generally be at or beneath existing marketplace worth.

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3) The new mortgage note will be a 30 year fixed loan not based on your FICO or Credit score but on your income and employment. Types of properties: residential and coming soon commercial and raw land.

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“In my opinion, loan modifications are totally fantastic for some house owners, but reducing the mortgage principal balance to the fair market place worth with a 30 years fixed mortgage would make thousands of properties cost-effective once more and substantially reduce the number of residences in notice of default says John A. Barnes, the CEO and Co-Founder of LostMyDebt.net, LLC.” http://www.LostMyDebt.net

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LostMyDebt.net LLC complete vision is to restore, construct, establish, and defend shoppers by giving them options and providing services including Debt Settlement, Credit Restoration, Attorney Facilitated Property Loan Modifications, Standard and FHA Mortgage Financing, LifeLock, Living Wills &amp Trusts, Auto Loans, Discounted Dental and Wellness Positive aspects, Little Business Options, and considerably far more.

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With the complexities involved in the worldwide economy nowadays, it really is about time that an organization or company steps up and genuinely assists the property owners with what they genuinely want, their loan balance equal to the fair industry value. Every single homeowner will be given customized consideration no matter whether the loan payments are existing, late, or just not too long ago lost due to Trustee Sale.

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Contact nowadays for your cost-free Financial Demands Evaluation at 1-888-503-2911 ext. 717 or pay a visit to http://www.thepropertyrelief.com.

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Second Probabilities: Parman Law Group Obtains Refunds, Modifications, for Property owners Jilted by Loan Mod Firms

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Irvine, CA (PRWEB) July 15, 2009

Property owners state-wide already in dire financial straits have been throwing very good income following poor attempting to acquire loan modifications nevertheless, at least a single firm has been a welcome relief to these scammed by fraudulent modification companies.

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The Parman Law Group, a law firm which obtains loan modifications for clientele as part of their practice which also contains private injury and bankruptcy, has also enlisted its legal experience to get refunds for consumers defrauded by unscrupulous loan modification organizations.

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A self-professed “anti-Loan Modification Firm”, The Parman Law Group draws a strict distinction amongst itself, a law firm, and the companies they normally go right after for taking their clients’ money and delivering no solutions. Though when-bitten, clientele who have retained The Parman Law Group’s attorneys and employees have no explanation to be twice-shy as they usually are capable to reverse the harm completed.

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Drawing upon their knowledge of the Division of Actual Estate’s policies and State Laws with regards to acceptance of advance-fees, the Parman Law Group utilizes their litigation expertise to get home owners their funds back.

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Possibly even much more impressive than the $ 50,000 in refunds for home owners the Parman Law Group has obtained in the last two months alone, The Parman Law Group’s consumers usually are able to receive the highly-prized modification they sought in the very first spot (like reduced month-to-month payments, interest prices and sometimes even principal reduction).

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Despite the fact that most homeowners getting economic difficulties wish they could turn back time on the entire financial downturn and housing crisis, The Parman Law Group can at least afford them a fresh commence on the loan modification approach.

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About Parman Law Group&#13

With their attorneys in practice considering that 1977, the Parman Law Group has a thriving practice which contains loan modifications, bankruptcy filings, and private injury claims. For a lot more info visit Parman Law Group.

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Get in touch with: Peter Gonzaga&#13

562.301.9828

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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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