Wednesday, June 24, 2009

Home Foreclosure Legal Help Available

Need help to prevent home foreclosure. Try this:
clipped from www.spokesman.com

Program offers foreclosure legal help

June 24, 2009

Thomas Clouse
tomc@spokesman.com, (509) 459-5495

A new legal assistance program aims to help homeowners facing foreclosure.

The Home Foreclosure Legal Aid Project is available to those who need legal advice to sort through the foreclosure process

Penny Youde, executive director of the Spokane County Bar Association, said the local economy has had different challenges than elsewhere in the state.

“We did not have the decrease in home values as much,” Youde said. “We haven’t noticed a lot more calls from people asking for that. But we are anticipating (more foreclosures) as people lose their jobs.”

The Foreclosure Legal Aid Project is coordinated by the Washington State Bar Association. For more information, call toll-free (877) 894-HOME (4663) or go to www.wsba.org.

For local legal help, contact the Spokane County Bar Association Volunteer Lawyers Program at (509) 324-0144 from 1 to 5 p.m. Mondays or 1 to 4 p.m. Thursdays.

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Homes Sales Up, Prices Down

It is a buyer's market, when will you start looking?
clipped from www.spokesman.com
Home sales rising in West

The Spokesman-Review

Los Angeles – Home sales in the Western region of the country posted a 9 percent annual increase in May as homebuyers jumped on low interest rates and falling prices, according to two reports released Tuesday.

Foreclosures and other distressed sales continued to drag down the median home sales price in the West. It tumbled more than 30 percent from May of last year to $197,700 – the biggest drop in any region. That helped pull the national median down nearly 17 percent to $173,000, the National Association of Realtors said.

Nationally, sales rose slightly from April to May, but were roughly 7 percent below year-ago levels, without adjusting for seasonal factors.

Home sales in the West have posted annual increases every month going back to at least last summer, when many first-time homebuyers and investors began snapping up sharply discounted bank-owned properties in Arizona, Nevada and California.

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