Status of Foreclosures in US

The recession has hit the states of US very hard, which in turn has hit the unemployment rate. This has a very bad effect on home loans section. Many loans have been ending up in foreclosure and that is a very sad situation.

Reports claim that Nevada was the forerunner in the foreclosure rate. Almost one in every 69 houses have got a notice there.

Arizona took the second place as it lost 82,000 jobs last year and Florida ranked third in the foreclosure rate. California took the fourth and Utah the fifth positions respectively. The foreclosure fillings have remained at a very high level and show no inclination to drop in the near future.

For those of you who have not claimed your unemployment benefits, you check out Nevada unemployment guide, Arizona unemployment benefits, or California unemployment claims guide on our website.

Of course, people are trying to come out with initiatives to prevent foreclosures. Oakland County Treasurer Andy Meisner has launched the Oakland County Foreclosure Prevention Initiative, a partnership project between the Oakland County Treasurer’s Office, United Way, Lighthouse of Oakland County, Wayne County, and other public and non-profit organizations. The idea behind this is to provide assistance to the homeowners who have been hit by recession and unemployment. The assistance will be in the form of financial counselling, intervention with lenders and help in negotiating possible settlements. The initiative offers one-stop foreclosure and foreclosure prevention resources, do-it-yourself features, user-friendly online intake for convenience and efficiency, and continuous e-mail contact with the program. This program is free and has warned the homeowners against any other forclosure prevention scam.

One thought on “Status of Foreclosures in US”

  1. Denise says:

    LMAO!!!! I would have 2 agree w/the other respondants. Any umneployment these days can b detrimental, long or short. The old Wu Kong Fu question is, was your relationship strong b4 this point?!? Of course a relationship is a partnership and both parties have 2 b mindful that things such as umneployment r most times spontaneous. Even if u have been given an advance notice of what will b coming, it still doesn’t prepare u 4 the actual moments. Being n such a relationship I would have 2 say that being the person I am, I stand beside and behind my man. I take this time 2 provide strength and support when needed and find that intimacy can b affected by the actual unemployed individual because everybody gets tired! Tired of searching 4 work, tired of submitting applications, tired of going on interviews 2 no avail, tired of going 2 the umneployment office inquiring about new listings, tired of being over qualified, tired of being underqualified, tired of temp agencies, tired of no follow ups, tired of postings being closed, tired of bills that have not ceased 2 exist just cuz u have been laid off, tired of not being able 2 enjoy everyday life and sick and tired of being n an environment n which u feel as though somebody is looking at u as though u ain’t did s**t!!!!!!! Nothing’s overnight and if it came overnight, then u can lose it overnight. I feel like availing yourself 2 your partner is VERY important. Don’t add 2 the problem by hooping, hollerin and harping on insignificant things that u know good and well your partner would do if they could. So go grab your partner and let them know where u stand and how u feel and how u wanna make them feel and when u r done feel free 2 either roll over and hug up, smoke u cigarette or ask 4 2nds and 3rds!!!!!!!!!!!!! Money comes and goes, but u r lucky 2 b able 2 say u have found your soulmate and mean it!

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