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The housing crisis that had so far been confined to some pockets are now spreading with foreclosures teaming up with loss of jobs to push people out of their homes.
Despite the grim foreclosure climate, Shore Mortgage dealing with real estate is hiring people. It is not doing badly. Based in Birmingham it is doing well considering the staggering foreclosure scenario in Michigan. Shore is targeting to hire about one hundred employees soon as it forays into new regions with deals and increased operations.
Although foreclosures are increasing in the Milwaukee region and sales rate are falling, the situation here is better than the national statistics. In Wisconsin the number of foreclosures continued to increase but the state figures remained well below the national figures, according to Irvine based RealtyTrac of California.
Hillary and Obama both have their own remedies for curing the foreclosure ailment but economists say that neither is satisfactory and comprehensive. But each has been vying with the other to put forward the best prescription for the illness that is raging across the nation.
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