Press Release Summary: Foreclosure rates in US climbs all time high while debates are ongoing about the 700 billion bailout plan in the US Congress
Press Release Body: Toronto, Canada—September 28th, 2008—700 billion dollar bailout plan proposed by US Treasury Secretary Henry Paulson, now dubbed as King Henry by Newsweek, has no relief at all for the Main Street. Its a simple plan to bail out Wall Street and possibly even reward the companies that got US as a nation into this financial crisis. A poll released by Los Angeles Time and Bloomberg shows that 1 out every 2 Americans have unfavourable views on the bailout plan and oppose getting these troubled financial institution out of trouble. As they clearly see it, it is with their tax money, roughly about 2300 usd per person, which the government is proposing to bailout firms, when their own home values get hammered and is leaving people out of their houses.
Lawyerahead.com, a social networking website that help legal consumers find lawyers for their legal needs, is now seeing that month over month clients are looking for Real Estate lawyers in their local area that can bail them and sort them out of the foreclosure mess. As Lawyerahead Team put it `People are hurting out there. And it shows`
According to First AmericanCoreLogic who collects data on home prices and foreclosures shows that the foreclosure rates was at 1.44% in the month of July, and according Fidelity Investment bank the foreclosure has increased nationally by a whopping 27% since the beginning of this year.
RealtyTrac.com track data shows, Nevada has the highest percentage of foreclosures - approximately 1 in every 100 homes, followed closely by California. RealtyTrac.com`s data on Top ten states shows the following:
Nevada: 1 in 91 homes California: 1 in 130 homes Arizona: 1 in 182 homes Florida: 1 in 194 homes Michigan: 1 in 332 homes Georgia: 1 in 422 homes Ohio: 1 in 444 homes Colorado: 1 in 452 homes Illinois: 1 in 483 homes Indiana: 1 in 522 homes
Web Site: http://www.lawyerahead.com
Contact Details: Tamia Johnson LawyerAhead Inc. 176 Highglen Avenue Toronto, Ontario L3S1X4 Canada pr@lawyerahead.com www.lawyerahead.com (US) www.lawyerahead.ca (Canada) 647-808-4447
2025
