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Thread: Foreclosure filings drop to five-year low in September

  1. #1

    Default Foreclosure filings drop to five-year low in September

    Foreclosure filings drop to five-year low in September

    WASHINGTON -- Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.

    Substantial decreases in California and some other states hard-hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7% from August and 16% from a year earlier, according to foreclosure listing firm RealtyTrac.

    The last time filings were that low was in July 2007.


    http://www.latimes.com/business/mone...,3876992.story

    Another sign the housing market has finally hit bottom and is starting to mend, along with the economy.

    To paraphrase another thread and the conservative "experts" here: Thanks Obama!

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  3. #2
    usa
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    Even if it is true, it won't save him.

  4. #3

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    Quote Originally Posted by DonGlock26 View Post
    Even if it is true, it won't save him.
    http://www.politicalforum.com/curren...post1061387747

  5. Default

    Dont you complain when people go offtopic?

  6. #5

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    Quote Originally Posted by RP12 View Post
    Dont you complain when people go offtopic?
    Sometimes. Why do you ask? You think I should have pointed that out to DonGlock?
    Last edited by Iriemon; Oct 11 2012 at 07:03 AM.

  7. #6

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    Quote Originally Posted by Iriemon View Post
    Foreclosure filings drop to five-year low in September

    WASHINGTON -- Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.

    Substantial decreases in California and some other states hard-hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7% from August and 16% from a year earlier, according to foreclosure listing firm RealtyTrac.

    The last time filings were that low was in July 2007.


    http://www.latimes.com/business/mone...,3876992.story

    Another sign the housing market has finally hit bottom and is starting to mend, along with the economy.

    To paraphrase another thread and the conservative "experts" here: Thanks Obama!
    Absolutely nothing to do with Obama, his foreclosure plan failed....

    Obama Housing Plan

    In March 2009, the Obama administration announced what it described as a $75 billion plan to end the foreclosure crisis by keeping defaulting owners in their homes. The Home Affordable Refinance Program was designed to help homeowners whose mortgages were backed by the government. But despite several attempts to revamp the program, it fell vastly short of its goals.

    By July 2010, only 390,000 homeowners had had their mortgages permanently modified, according to a report by the special inspector general for the Troubled Asset Relief Program, the bank bailout plan that was the source of funds for the program. The original hope had been that three to four million homeowners would be helped, of the seven million households then behind on their mortgages and at risk of foreclosure.

    In December 2010, a Congressional panel called the program “a failure,’' and said that it would likely end up helping about 750,000 homeowners. Saying it was a waste of money, the Republican-controlled House voted in March 2011 to kill the foreclosure relief program. The Democrats who controlled the Senate said they would pursue a rescue. But Democrats, too, considered the program badly flawed.

    http://topics.nytimes.com/top/refere...lan/index.html
    Would the IRS accept the excuse YOUR hard drive crashed 10 days after receiving an audit notice, so you can't supply the information they're asking for? Would they just drop it and go away? Why should they be held to any less of a standard they set for us?

  8. Default

    How many homes aren't in foreclosure, that should be?
    Ben Bernanke - January 10, 2008, “The Federal Reserve is not currently forecasting a recession.”
    Vote democrat, walk away.
    Currently Ignored - Rude Repetitive Incoherent Babbling Obama Worshipping Idiots Below
    akphidelt2007,Backtothefront,C raftsman,creation,Dasein,dujac ,Iolo,Iriemon,pocket aces

  9. #8

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    Quote Originally Posted by Professor Peabody View Post
    Absolutely nothing to do with Obama, his foreclosure plan failed....
    ....

    Quote Originally Posted by Professor Peabody View Post
    He [Obama] IS responsible for what's happening in the economy today
    It all depends on whether the news is good or bad, right?
    Last edited by Iriemon; Oct 11 2012 at 02:39 PM.

  10. #9

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    Quote Originally Posted by coolguybrad View Post
    How many homes aren't in foreclosure, that should be?
    How many?

  11. Default

    Quote Originally Posted by Iriemon View Post
    Another sign the housing market has finally hit bottom and is starting to mend, along with the economy.

    To paraphrase another thread and the conservative "experts" here: Thanks Obama!
    It may be that other thread in which I explained why I don't think it will help. They can have him coming or going. Briefly: either he controls this stuff and should have fixed things sooner, or it was just luck, or, the numbers lie.

    http://www.rocklandtimes.com/2012/10...t-dip-is-fake/

    My own take: even his bad policies could only keep the nation down so long.

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