More "delaying the inevitable" legislation: Los Angeles home foreclosures fell sharply in October from September as a new California law came into effect, while the number of foreclosures in Miami continued to grow at a slower rate, real estate research website PropertyShark.com said Tuesday. The number of newly scheduled auctions on foreclosed properties in Los Angeles county fell 51 percent, the greatest monthly decline in two years. The law, passed July 8, requires lenders to contact homeowners and explore options to avoid foreclosure before initiating the process. Some sections of the law became effective Sept 8. Its implementation accounted for…
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It’s election day, and it’s time to get out and vote.  I loved the comments from this "Disgruntled Republican", though, on why the uninformed should sit today out: You should not let anyone shame you into voting. You should not vote unless you are real informed and confident in your decision. It is unpatriotic to cast an uninformed vote. What if you vote the wrong way and the person you vote for does something to really screw up the world? Do you want that responsibility? Voting casually without being certain of your vote is wrong. Casting your vote should be…
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Remember how the housing bailout plan was supposed to help 400,000 homeowners?  Now it looks like they overestimated [or overstated] the number of homeowners who could avail themselves of the program and underestimated the number of homeowners who would: [Thanks L!] WASHINGTON — The government expects that only 20,000 troubled borrowers will be able to refinance into more affordable home loans by next fall under a new mortgage aid program passed by lawmakers over the summer. The $300 billion Hope for Homeowners program was launched Oct. 1. Designed by lawmakers eager to respond to the mortgage crisis, the Congressional Budget…
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