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The contributors to this blog are a diverse group of lawyers and law professors who practice, teach, or write about consumer law and policy. Although the blog is hosted by Public Citizen's Consumer Justice Project, the views expressed here are solely those of the individual contributors and do not necessarily reflect those of the institutions with which they are affiliated. To view the blog's statement of policies, please click here.

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« William Lerach Reportedly Will Plead Guilty | Main | District of Columbia Passes Payday Lending Bill »

Tuesday, September 18, 2007

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I work for www.CurrentForeclosures.com, a foreclosures site and have seen a huge increase in the number of foreclosures in the past 9 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

I work for CurrentForeclosures.com, a foreclosures site and have seen a huge increase in the number of foreclosures in the past 9 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

It is very glad to hear that NCLC has just instituted a new "shopping cart" that would facilitate ordering our other books, some of which include Foreclosure Prevention Counseling, Surviving Debt, Student Loan Law, Fair Credit Reporting, and the NCLC REPORTS newsletter.

Thanks for your information.

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