Lenders Aggressively Going After Money Lost in Foreclosures


In many cases, the foreclosures don’t end with the taking of the house

Over the past year, lenders have become much more aggressive in trying to recoup money lost in foreclosures and other distressed sales, creating more grief for people who thought their real estate headaches were far behind.

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Courts Overwhelmed with a Backlog of Millions of Foreclosure Cases


Homesowners face a backlog of foreclosure cases in the courts.

Shortly after Orlando Eslava’s bank started to push him through the foreclosure process last year, he got some good news: He was eligible for a government mortgage relief program that would lower his loan payments. But the lender plowed ahead with the foreclosure sale anyway, taking back the condo in Aventura, Fla., even as Eslava made payments under the federal plan.


Student Loan Debt Crisis: Who’s to Blame as Students Get Buried in Debt?

College fund

Graduates struggle to afford the decades of payments they face.

Like many middle-class families, Cortney Munna and her mother began the college selection process with a grim determination. They would do whatever they could to get Cortney into the best possible college, and they maintained a blind faith that the investment would be worth it.


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New Wave Of Consumer Protections To Help The ‘Unbanked’


For years, the country’s makeshift network of payday lenders and check cashers has operated with little competition or federal regulation.  But as the financial crisis sparks a new wave of consumer protections, lawmakers and the private sector alike are training their sights on an industry that caters to the most vulnerable of populations: the estimated 40 million households on the margins of the nation’s financial system, with limited, if any, access to banks or credit.


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Recession May Alter California’s Real Estate Landscape


Mollie Bell has a plan the next time a real estate infomercial flashes on her TV: She’s “flipping to the cartoon channel.”

After being burned by a negative-amortization loan that left her owing more on her Compton home than it was worth, Bell, 62, has soured on the home-refinancing craze. Never a big spender anyway, she has clamped down even harder — deferring painting and other repairs on her modest three-bedroom home. Sadly, she’s also postponed retirement.

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Can Twitter Fix an Economy in Crisis?

Can Twitter Fix an Economy in Crisis?

In search of a future for Brentwood, CA … and the U.S. work force

Raymond Alvarez:  Earthquakes, a great flood, fires – seemingly nothing could stop the rocking ’90s and California’s Contra Costa County, an area bounded by high tech companies to the south and industrial giants in the north.

Then came the fourth horseman of the apocalypse, the real estate bust.

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