Home Foreclosures and Abandoned Pets

By: KKCO Email
By: KKCO Email

The rise in foreclosures nationwide has led to an increase in the number of pets being abandoned by owners.

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  • by maher soliman Location: California on Feb 24, 2008 at 10:17 PM
    Los Angeles 02/2008 DATELINE --- ACCORDING TO RECENT REPORTS, IT'S amazing how many homeowners will not fight the foreclsoure process. According to borrowerhotline .com, more than 70% of american homeowners accept their fate and eat the pain of a forclosure. This information is offered by Maher Soliman, the web site publisher and managing director for NLS. According to the website, in June this year the secretary of Housing and Economic Development took the initiative along with government officials and top mortgage firms’ executives to develop means through which foreclosure can be avoided and the foreclosure victims can be aided. Delinquent Sub-prime loans were accentuated to be the main reason responsible for the soaring rise of foreclosure victims. Borrowers with bad credit history were allowed with high risk loans as they were tempted seeing the initial rates were low. The ravaging effect started when the rates . . .
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