News tagged with 'Foreclosure'

The family of octuplet mother, Nadya Suleman, and about six million other families across the country are facing foreclosure.  To prevent a further erosion of the economy, the Department of the Treasury announced a relief plan for homeowners on Wednesday so they can stay in their homes and neighborhoods in decline stabilize. 

A homeowner can delay foreclosure by demanding the lender prove the suing institution is actually the same that owns the debt. During the lending boom, most mortgages were sold, resold, packaged and repackaged so many times that not only is the paperwork difficult to lay hands on, in some cases, it’s unclear who owns the loan.