Highlights
A collection of news and information related to Foreclosures published by Tribune Company sources.
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MacArthur Foundation to help stop Chicago foreclosures
Tribune staff reporterSaying it is well aware of the problem in its own Chicago backyard, the John D. and Catherine T. MacArthur Foundation today announced $68 million in local grants and low-interest loans to help stop the rising number of home foreclosures. The foundation...Tags: Financial and Business Services, Housing and Urban Planning, Business Institutions, Property, John D. and Catherine T. MacArthur Foundation
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Dueling economic visions
The race for the White House has become a contest of economic prowess - who has the best plan to ease the nation's financial crisis and help average Americans in distress. The latest proposals from Sens. Barack Obama and John McCain are intended to...Tags: The White House, Unemployment, Local Authority, Great Depression, Retirement
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Pasadena woman facing eviction is found dead in burning home
Los Angeles Times Staff WriterA series of financial setbacks left Wanda Dunn facing eviction from the house in Pasadena where her family had lived for generations. Dunn, 53, told neighbors that she would rather die than leave. Early Monday, the day of her expected eviction,...Tags: Injuries, Suicide, Arson, Fires, Huntington (Hungtington, New York)
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Corzine to propose broad stimulus plan for NJ
Associated Press WriterGov. Jon S. Corzine has called a rare joint session of the Legislature Thursday to lay out a broad plan to help New Jersey through the national recession, including measures to help homeowners stave off foreclosure, provide tax breaks for businesses and...Tags: Financial and Business Services, Government, Real Estate Sales, Regional Authority, State Budgets
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With rising foreclosures come worried neighbors
Of The Morning CallIf the housing crisis has made Mike Solarek anxious about anything, it's rats. The 40-year-old Alburtis man for months has been fearing a rodent infestation since his next door neighbors were forced out of a home that was put up for sheriff's sale....Tags: Animal Science, Property, Retroviruses, Diseases
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McCain's bailout: moral hazard or economic salvation?
Today's topic: John McCain recently proposed that the U.S. Treasury buy up bad mortgages. How would that affect the mortgage and financial crises? Would McCain produce better results than the new Federal Housing Administration program and voluntary...Tags: Freddie Mac, Financial and Business Services, Fannie Mae, Government, Housing and Urban Planning
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Dodd wants new financial reform laws
Associated Press WriterConnecticut Sen. Christopher Dodd on Wednesday endorsed Barack Obama's proposal for a 90-day moratorium on home foreclosures and said he plans to offer more legislation after Election Day to boost the nation's ailing economy. Dodd spoke at the annual...Tags: Government, National Government, Credit and Debt, Ben Bernanke, Parliament
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$27.7 million to help Palm Beach County fight housing blight
The Palm Beach PostPalm Beach County will receive $27.7 million of $4 billion the federal government plans to dole out to state and local governments to help them buy and rehab homes that were foreclosed or abandoned during the real estate crash. Florida will receive a...Tags: Boynton Beach, Local Authority, Real Estate Buyers, Palm Beach County
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October 15: Feedback from newspaper readers
It's not news • Jim, Newport News: Concerning your upcoming article that 1 in 607 homes in our region was in foreclosure in August, that's 0.16 percent. That means that 99.84 percent were not in foreclosure. Shouldn't that be the real focus of the story?...Tags: Television Industry, Satellite and Cable Service, Newport News (Newport News, Virginia)
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Obama expands economic proposals
Associated PressSen. Barack Obama proposed more immediate steps yesterday to heal the nation's ailing economy, including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs. With the economic turmoil...Tags: Government, Finance, Retirement, Economic Policy, National Government
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Mich. sheriff sets 2-week ban on evicting renters
The Genesee County sheriff has put a two-week moratorium into effect on evicting renters. The Flint Journal and WJRT-TV report Sheriff Robert Pickell's moratorium is in response to worries that renters living in foreclosed homes were being tossed out...Tags: Rentals, Cook County, Condos and Houses, Credit and Debt
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Government stake in banks is portrayed as last-resort move but has many historical precedents
Associated Press WriterWASHINGTON (AP) _ For all the thorny free-market issues raised, the big U.S. intervention in banks does have precedents — from wholesale wartime takeovers of entire industries to the seizing of hundreds of failed savings and loans in the 1980s. Most...Tags: Banking, The White House, Government, Fannie Mae, Nationalization
Oct 15, 2008
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