Talk Credit Radio With Gerri Detweiler

Foreclosure numbers are down. That should be good news, and in some cases it is. But it’s not all rosy. In some states, like Florida for example, foreclosure numbers are actually going up. In this interview with Jim Carr from The Opportunity Agenda, he shares concerns about the housing market recovery and delves behind the headlines to explain some of the latest news, including: • How a lot of foreclosures are being replaced by short sales, which may bring the banks more money, but may not be the best thing at the community level. That’s because neighborhoods may move from being owner occupied to renter occupied. • Why the most recent foreclosures are happening to people who were doing everything right, including getting stable thirty-year fixed-rate loans. • The big problem: people are still not buying homes and in part that’s because they can’t get the loans they need to buy homes. It’s often too difficult to get financing, and why we need to make fixing that problem a top priority. • Misconceptions abou