No foreclosure news would be the best news. But some recent items do provide a glimmer of assistance for homeowners in distress:
Postcards to the edge: The Chicago Housing Department is mailing post cards listing resources for owners who've had a foreclosure filing that week.
Typically, it's easier to get a lender to ease payment terms before a foreclosure is filed. But because of the number of foreclosures, lenders may be more likely to make a loan adjustment after the fact, notes Dan Lindsey of the Legal Assistance Foundation of Metropolitan Chicago.
Monday, March 3, 2008
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