ForeclosuresAudio and Video

“…pretty incredible. Yes it's encouraging. I do know that there's tremendous backlog. Foreclosures in the order marketplace that there -- And -- that stability that we're seeing it it may be. Driven by that. The lack of -- sales and foreclosure properties. …”

“…the concerns that we haven't there have been -- lot of foreclosure sales and and then we -- foreclosure moratoriums treatment from the for those ample. And there may have contributed to this respite the first thing -- home price decline. …”

“…surpass the number of jobs that have been lost which means the foreclosure rate will keep climbing. …”

“…has stopped. Especially in areas where. We don't see a lot of foreclosure activity. That home prices have stabilized MarketWatch real estate editor Steve -- it's looking like we're off the bottom ever so slightly and we should start to edge up in home prices the rest of the year the exception he says. Those parts of the country still -- by persistent home foreclosures. . Regular suspects here California Arizona Florida and Nevada and those states skirt SanDisk could still see home price declines during the second …”

“…gut better on an after losing his mother's at Brooklyn brownstone to foreclosure. . Police say he posed as his mother to sue himself. And it would eviction and the new -- smelled a rat and …”

“…offices the civil division of the legal aid society and grassroots anti foreclosure groups. To nonprofit center in New York City neighborhoods which are administration and the City Council created in the foreclosure crisis began to -- has -- such groups with six million dollars in grants. Will provide two million dollars more in the years to come and I call 2311. Will link anyone needing such services with -- free confidential. And completely trustworthy help. Were also pushing for more effective negotiations between lenders and homeowners before foreclosures happen. Current state law requiring such mediation covers too few homeowners. What can treat the confusing notices are offering them mediation has junk mail. And sometimes the people and descend to mediation meetings aren't even on the rise to modify the -- In Philadelphia the mayor's office and courts are addressing such problems involving community groups like take on who help homeowners with the process. The result. Better mediation and a few of foreclosures. . Results we want to see in New York to. Because the fact is that went -- at a neighborhood the pain doesn't stop with the families losing their homes. Vacant foreclosed homes become derelict dinosaurs to bring down the value and threaten the security of every house on the block. Lenders also take a financial beating from foreclosures. . So everyone wins -- we keep our neighborhoods strong -- basic principle of our administration's five -- economic opportunity plan for pulling …”

“…Bloomberg. As the national economy installed. We worked hard to prevent home foreclosures in New York. Fortunately we haven't been hit as hard as of the cities have been still some thirteen thousand homeowners have faced foreclosure during the past twelve months and the numbers are climbing. So last week we took some new steps designed to help distressed homeowners work their way out of debt while keeping their homes. First. We're launching a new public service said campaigning communities with the risk of foreclosure is greatest in English and Spanish the ads ask. Facing foreclosure. . We can help. And urged people to call 311 to get connected to -- financial counseling and legal services. We're doing that …”

“…9% of mortgage holders are now behind on their payments or in foreclosure. . And that number is expected to continue to rise till the end of next year. The Mortgage Bankers Association says California Nevada Arizona and Florida account for 46%. New foreclosures. . Tom Hanks played hard and -- on the big floor piano and there in the movie being. Now the legendary toy store …”

“…it's tough to sell a house nowadays must -- short sale -- foreclosure but. Are things looking up are there any silver linings we may get a clue this week we get this look ahead …”

“…Victory got a making a promise in court yesterday that a threaten foreclosure on her home and old Westbury. Just isn't going to occur. Amber. The daughter of the late mob boss John -- claims …”

“…We're looking at two consecutive months of record setting levels of foreclosure activity notice is served last month and some 342000. Properties. -- figures most of the new filings stemmed from job losses since last fall. I -- foreclosures for the remainder of the year what continues to rise Lawrence -- and his chief economist at the National Association of Realtors …”

“…year sooner than expected. They report shows the number of households facing foreclosure rose 32%. In April. Correspondent Steve importantly with more details which -- firm realty track keeps dishing out depressing data. …”

“…Per cent of the New York City neighborhoods tablets at risk of foreclosure can access free counseling and legal services. At the same time our department of housing preservation and development is offer a low interest loans to homeowners in need of renovations and repairs. And helping qualified first time buyers with down payments to purchase affordable housing. Our record in this area is excellent less than 1% of -- under the city's program and ended up and foreclosure. . The bottom line is we put in place a wide range of initiatives to help New Yorkers through these tough times. To …”

“…are in trouble some have recently been laid off others are facing foreclosure. . Some all businesses are struggling to keep the doors open. Others -- drowning in debt. This recession is making it hard for …”