1,000,000 families are in the process of foreclosure according to information below.
I ask the title question because it would be great if there was a blog or phone number that would help families at risk of foreclosure to link or call in order to contact their local occupy group. If you know of one, let me know, K? I will post and spread the word.
Foreclosures are slowing down because of several factors. Resale of foreclosed properties has slowed down because the free money granted under the Stimulus Plan has ended.
There was a portion of the Stimulus program that gave free money to buy foreclosed homes.
Freddie Mac, New Vista to Auction Hundreds of Homes on April 24 in Las Vegas, April 25 in California's Inland Empire Before Federal Homebuyer Tax Credit Expires
With unemployment remaining high
Look Out – The Next Tidal Wave of Foreclosures is About to Crash
One in ten U.S. mortgages is late by at least one payment. One in ten! And seriously delinquent payments, while down for the quarter, are still up compared with last year. And perhaps most important of all, there was a significant rise in the number of newly delinquent loans in the second quarter.
For details of how THE BIGGEST CRIME IN EARTH'S HISTORY unfolded, I suggest reading the following. For you researchers, you will find important links to data.
The 10 Step: Choreography of the Housing Crisis, Collusion by All
One million foreclosures delayed to 2012 or later
Processing problems at the major mortgage servicers pushed up to 1 million foreclosure actions that should have taken place in 2011 into 2012 and beyond, according to RealtyTrac.
Month-to-month, the process seems to be showing signs of life. In May, foreclosure activity spiked across certain states. And in June, foreclosure filings across the country increased 4% from the month before.
So, that's 1,000,000 families that need help.