Archive for October 24th, 2009
Her Voice: Bruce Marks, the man who saves the American Dream
by Jennie S. Bev
San Joaquin County is one of the hardest-hit counties in California in this mortgage crisis. And Mountain House was named by New York Times in November 2008 as “the most underwater community in the United States,” as 90 percent of home values there have gone underwater, and the depth of depreciation is as steep as 70 percent.
Those who have been paying skyrocketing monthly mortgage payments and have been receiving reduced earnings are probably feeling the pinch of the economic crisis. Many of them have stopped payments and are facing foreclosure.
With 18.7 million vacant homes this year and 7 million more properties expected to foreclose in 2010 and 2011, this mortgage crisis is more than our neighbors’ issue — it is our own personal issue as well.
Many of us have grown to be skeptical as no one seems to be able to lend a hand. Not attorneys, not government officials, and especially not lenders.
When we started to distrust the system, this man came along. Read the rest of this entry »
