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PNS Daily News - December 13, 2019 


Brexit wins at the polls in the U.K.; major changes come to New England immigration courts today; and more than a million acres in California have been cleared for oil and gas drilling.

2020Talks - December 13, 2013  


The House passes legislation to reign in drug prices, Sen. Bernie Sanders is on the upswing, and entrepreneur Andrew Yang plays Iowa congressional candidate J.D. Scholten - who's running against long-time incumbent Steve King - in a game of basketball.

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