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The Sound of Ideas

Floundering Foreclosures

Posted Tuesday, October 26, 2010

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Foreclosure 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 Columnist
Charles 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 Mortgage
Mortgage 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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Every weekday at 9:00 AM (EST), The Sound of Ideas reports the news, explains the news, and sometimes makes news. The Cleveland Press Club awarded it “Best Radio Show” in Ohio and thousands daily find it to be an indispensable source of information about what’s most important to Northeast Ohioans.

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