August 29, 2006
Mortgage Bankers Worried as East Bay Foreclosures Rise
As home foreclosures continue to rise across the East Bay, with Alameda, Contra Costa and Solano counties, mortgage bankers can no longer suppress their concern. They are commissioning classes and producing publications to stem the rash of defaulted loans predicted for next year. Contracostatimes.com reports
Aside from the financial problems, many defaultees report a feeling of loss, numbness and denial that keeps them from acting during default and foreclosure -- worse, they become easy prey for con artists.
Read more: East Bay Foreclosures On The Rise
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