foreclosure, modification,
bankruptcy
Attorney Melchionne interviewed by CBS Evening News on Foreclosure Issues
Friday, Oct 09 2009 Filed in:
What's New
Attorney
Melchionne was intereviewed by the CBS Evening News along with his
clients, Jeffery and Shari Lee, regarding the failure of mortgage
modificiations in foreclosure. The interview was accompanied by a
report by the Congressional Oversight Panel on the Federal Bailout
headed by Harvard Professor Elizabeth Warren. The report reveals
that modifications on mortgages in default are occurring slower
than the number of mortgages falling into default. Somewhere
between 10 to 12 million homes are expected to be foreclosed in the
next two years and that the real estate market is unlikely to
recover until 2013. View the video.
