The most recent blog on our main site, ForeclosureFish.com, details the suspension of a controversial program that was being tested in Illinois. The Predatory Lending Database Pilot Program has been suspended by the governor.
This means many things to homeowners in the affected areas. The law was designed to protect them from predatory lending, but has, instead, made it much more difficult for consumers to obtain loans to purchase or refinance homes. The requirements of lenders to comply with the program caused many of them to refuse to lend at all in areas covered by the program.
Read more about how the suspension will affect foreclosure victims at today's entry.
Our main ForeclosureFish.com site is designed to help homeowners find out their options to stop foreclosure.
Experts specializing in foreclosure properties who are interested in foreclosure leads can also check out how we can put them into contact with homeowners.
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