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According to Associated Press Writer many foreclosure victims will remain untraceable by census because of foreclosure evictions compounded by language barriers. The census will kick off in 2010 and many will be missed out throwing them more into the grips of the economic blues.
It is ironical that despite modifications many are again facing foreclosures. Luzetta Reeves is one of the victims. She requested her small lender to reduce her monthly payments. It agreed and cut it down by 11% and thus she could continue to stay in the house that was her home despite her modest income.
Some Democratic Legislators in Iowa have come together to unveil foreclosure prevention measures that will provide protection to the borrowers. It comes at a time when the nation is reeling from the foreclosure attack.
Bank of America (BofA) has come up with a plan to bail out foreclosure victims in the Phoenix area. Last summer BofA bought Countrywide, the nation’s largest subprime lender. Recently BofA has suspended foreclosure notices which have been pending against approximately 2,000 homeowners in the Phoenix area.
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