Edmund A. Green, Attorney at Law

WSJ: Banks Ramp up Foreclosures

WSJ - foreclosures are ramping up (again).  Why is this new news?  Because banks that received TARP money or other Federal bailouts including Wells Fargo, Citigroup, J.P. Morgan, Fannie Mae - previously placed a voluntary moratorium on foreclosures are now enforcing them.  These banks are internally re-assessing which borrowers would qualify for loan modification; and those that don’t go into the foreclosure bin.   While the Treasury has provided assistance to homeowners and incentives to banks through acts like ”Making Homes Affordable” - the harsh reality is time is running down for previously “reprieved” homeowners… For such homeowners, quality legal assistance is necessary.

8 Responses to “WSJ: Banks Ramp up Foreclosures”

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  3. Tawnya Krysinski Says:

    There is obviously much more to read about this. I think you made some OK points in Features also. Keep working ,good post!

  4. Judson Havermale Says:

    The Government bailed out the big corporations, but who helps out the average guy on the street? No one. Banks are dragging their feet with loan modifications. Why? Because if real estate values go up, they wont have to show as big a loss. In the meantime, hundreds of fine folks are losing their houses. We now reveal Insider tips to avoid foreclosures. Its a free report you can get at Save My House Tips.

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