Democratic candidate Barack Obama's victory and Republican candidate John McCain's loss were delivered to them by the nation's largest foreclosure states, as shown in an analysis of states' electoral votes and foreclosure levels.
Lis pendens slowed down in seven of eight counties surveyed by Default Research in August. Lis pendens is the first step of the foreclosure process in judicial foreclosure states.
Bank of America has announced process improvements along with the resumption of its foreclosure sales. The bank said it is now more committed to help homeowners keep their homes.
President Obama's stimulus program has not yet shown its impact in terms of home price levels and foreclosure levels. Home prices are still low compared to previous years' price levels and homes continue to be added to foreclosure listings.
Print This Article
Add To Favorites