The number of U.S.
households on the verge of losing their homes rose 7 percent
from June to July, as the escalating foreclosure crisis
continued to outpace government efforts to limit the damage.
Foreclosure filings were up 32 percent from the same month last
year, RealtyTrac Inc. said. More than 360,000 households, or one
in every 355 homes, received a foreclosure-related notice, such
as a notice of default or trustee's sale. That's the highest
monthly level since the foreclosure-listing firm began
publishing the data more than four years ago. Banks repossessed
more than 87,000 homes in July, up from about 79,000 homes a
One of the most
visible effects of the housing meltdown are empty, abandoned
properties that tarnished neighborhoods throughout the country.
Many of these foreclosed homes are owned by out-of-state banks
that sometimes ignore them like a messy closet.
As part of
President Obama's comprehensive Homeowner Affordability and
Stability Plan (HASP), homeowners may be eligible for a special
Making Home Affordable loan modification or refinance, to reduce
monthly payments and help keep their home.
Our Foreclosure Case Management System (FCMS) provides a
management tool for analysis of work flow, case status, and
types of cases opened and closed to let you efficiently and
effectively manage resources. FCMS integrates and systematizes
client services and agency operational systems by introducing
coordinated program analysis and management capabilities into a
web based system that is robust, secure and confidential.
With our national and local partners, including our network of
local housing counseling agencies, United Way 2-1-1, Fannie Mae,
and many others, we seek to provide a comprehensive and holistic
approach to mortgage foreclosure prevention and case management.