Floundering Foreclosures
Posted Tuesday, October 26, 2010
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Download MP3Foreclosure can devastate neighborhoods, whether it claims entire city blocks or just one or two expensive houses on a high-end suburban street. Now, financial experts are warning of a problem that could be even more damaging than foreclosure: The lack of foreclosure. Some banks have suspended foreclosures as they investigate whether they went too fast and got too sloppy. On the next Sound of Ideas, we'll find out what went wrong and what needs to happen to make it right, Tuesday at 9 on 90.3.
Tags
Government/Politics, Other, Housing/Real Estate
Guests
Teresa Dixon Murray, Plain Dealer Business ColumnistCharles Bromley, Director of the Ohio Fair Lending Coalition, Consultant to the Cuyahoga County Foreclosure Prevention Program
Richard Cordray, Ohio Attorney General
Paul Leonard, VP, Government Affairs Housing Policy Council, Financial Services Roundtable
Additional Information
Attorney General Cordray Files Lawsuit Against GMAC MortgageMortgage foreclosure uproar sweeps up Northeast Ohioans
Bank of America delays foreclosures in Ohio, 22 other states
Signs of Mistakes Aside, Banks Defend Foreclosures
20th Annual Fair lending Conference, organized by Bromley & Associates in conjunction with Organize! Ohio
If you are struggling with your mortgage you can call:
888-995-HOPE or visit www.hopenow.com
or locally, contact the Cuyahoga County Foreclosure Prevention Program 216-436-2000
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