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PNS Daily Newscast - November 15, 2019 


President Trump asks SCOTUS to block release of his tax returns; use of the death penalty is on the decline across the country; and a push to make nutrition part of the health-care debate.

2020Talks - November 15, 2019 


Former MA Gov. Deval Patrick is officially running for president, saying he can attract more Independents and moderate Republicans than other candidates.

Daily Newscasts

Home Foreclosure 9-1-1 Help for CA

June 27, 2007

California has to keep re-writing the record books when it comes to mortgage loan foreclosures. Almost 40,000 lost their homes in May, and thousands more are finding that rising interest rates are pushing payments outside of their budgets. And if it looks like a payment can't be made, experts say speak up as soon as possible. Laura Rocha with the Cabrillo Economic Development Corporation says they're kicking off a home ownership preservation program because so many are floundering in payments.

“Don't be afraid. Maybe there is a solution for you, or at least try to prevent that foreclosure. Maybe it means to sell the property, or do a short-sell.”

There's also a new national hotline (1-888-995-HOPE) where homeowners can get advice on how to avoid foreclosure. Studies show more than half of people facing foreclosure do not call for help when they start to fall behind on payments, but Rocha believes that's exactly the time when a call for help means a home can be saved.

Rocha adds that "teaser" interest rates on home loan packages are the biggest problem developing right now in California because the interest rates are re-setting at much higher rates this year.

“Individuals that have purchased a home about two, three years ago, are feeling the effects of that -- a $2,000 mortgage can become $3,000.”

Foreclosure report comes from www.realtytracker.com.

Deborah Smith/Craig Eicher, Public News Service - CA