Foreclosure and CPS Strike

The city cannot raise property taxes anymore and thus there is no more money for the schools.  The city is losing tons of revenue from foreclosures.  2 months ago the state averaged 26,000 new foreclosures per month.  A disproportionate amount of them were in Chicago.  Housing drives so many other things. That is why the government bailed out the banks and have intervened in the housing market so much.  It still isn't working.  I know  a man who makes a very good living and owns a beautiful condo.  His mortgage broker contacted him and secured a HARP loan.  A HARP loan is one of the programs brokered by attorneys generals and banks.

He never missed  payment.  He has no financial hardship.  He was unaware of the intent of this.  Not that he would not or should not accept the refinance.  The point is the  system is not working at all.  I do not qualify for HARP.  HARP is for people who did not miss a payment but have some hardship.  Well it is supposed to be for that. If I could get HARP, I could continue to pay my mortgage and keep myself invested in my home.  The home I continue to maintain, and raise my children, and love.

Instead, I sit waiting for the foreclosure process to swallow my home.  Remember though its a long process.  Most recently the bank decided to continue my case.  It is on the court docket for August 2013.  I plan on asking for another continuance at that time.  Something can and may happen between now and then but I don't need to hold my breath.  I intend to connect this to other threads etc.  Right now the Strike is at the forefront.  Don't worry, foreclosure will come back.  Its not going away soon!

Filed under: Uncategorized


Leave a comment
  • The blog was remarkable about foreclosures and I get to know about HARP loan that I was unaware before, I think it’s a real support for fixing payments.
    EOPL CA locations

  • fb_avatar

    Superb way of explaining, and great blog to get wonderful information.

  • Thanks for sharing out such a great informative content are extremely fastidious.lexington law review

  • Pretty remarkable post. I simply came across your blog and desired to say that I have really enjoyed searching your blog posts.easy payday loan

  • Hi guys, this blog is really very nice. You have caught my whole concentration at first sight. Keep working hard. pay day loan

  • fb_avatar

    I have checked this link this is really important for the people to get benefit from.

Leave a comment