Green Escrow Services, Inc

The Latest in Paperless Technology

  • Home
  • About Us
  • Find Us
  • Services
    • Real Estate Sales
      • What is Title Insurance?
      • Why Do You Need Title Insurance?
      • 21 Reasons for Title Insurance
    • Business Opportunity Escrow Check List
    • Bulk Sales & Liquor License Transfers
      • Liquor License Escrow
      • Liquor License Transfer / Business Opportunity Check List
  • Meet Our Experts
  • Order Form
  • Why Use Green Escrow?
    • How Is Green Escrow Different?
  • Resources
    • How the Escrow Process Works
    • East Bay Professionals
  • Blog
  • Customer Services
    • Useful Websites
    • Property Transfer Tax Rates
      • Additional Communities – Los Angeles
    • Profiles and Farms
You are here: Home / Homeowners / Preventing Foreclosures

Preventing Foreclosures

August 25, 2014 By Geoffrey Disch Leave a Comment

As recently reported in the New York Times, a new study indicates that during the recession emergency extensions of unemployment benefits did more to prevent mortgage defaults than government programs designed to slow foreclosures by reducing monthly payments. The study estimates that between July, 2008 and December, 2012 $250 billion was paid out in federally funded unemployment benefits which prevents approximately 1.4 million foreclosures.

Moreover, by preventing the foreclosures over $70 billion in social costs were saved, including tyne cost of foreclosure transactions as well as property depreciation and the lowering of property values. Not surprisingly, the extended unemployment benefits helped low and middle-income homeowners the most.

Share

Filed Under: Homeowners Tagged With: foreclosuers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search our site…

Mortgage Calculator

Loan CalculatorMortgage Calculator
Mortgage CalculatorMortgage CalculatorLoan CalculatorLoan Calculator

$

%

years

%

$ per year

$ per year

%




$

years

%



Our clients say...

“I have been using Green Escrow Services for about a year. They provide impeccable service, quick turn times and a wealth of knowledge for all of my title and escrow needs. Green Escrow is always a step ahead of my requests and seems to read my mind!”
by Dave DiVecchio, CMG Mortgage

2010 Crow Canyon Place
Suite 212
San Ramon, CA 94583
Office: (925) 523-3232
Fax: (925) 523-3231

Real Estate & Business Information
Follow Us on FacebookFollow Us on LinkedInFollow Us on Yelp

Copyright © 2023 · Site by Last Laugh Creative