Apr 8
Unemployment is #1 Financial Hardship in CA
California Unemployment, Financial HardshipCalifornia’s unemployment continued to rise in March as home prices sink further. Unemployment and related finacial issues such as wage reduction, forced vacations, furlows, hourly pay reductions and such remain to be the number one financial hardship for California Loan Modification applicants.
The hosing market and job market are expected to worsen in the near term for California and most of the states. Sacramento has been divsing new strategies to help the unemployed along with those in underwater home loans, further the federal governemtn reported today that the economic recovery will probably take longer than it had first forecasted. We’ll contiune to post more information on both of these topics as the report come in.
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