Foreclosure Looms As Extended Unemployment Ends
August 2nd, 2009
By the end of the year, as many as 1.5 million jobless Americans will exhaust their unemployment insurance benefits, increasing the need for them to seek help to prevent foreclosure. Even though calls are rising for Congress to pass another 13-week extension this fall, it will only affect states with exceptionally high unemployment.
Economists say that even if the recession begins to ease, jobs will remain scarce for some time to come.
“If more help is not on the way, by September a huge wave of workers will start running out of their critical extended benefits, and many will have nothing left to get by on even as work keeps getting harder to find,” said Maurice Emsellem, a policy director of the employment law project.
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Tags: prevent foreclosure, Short Sale Holdings, short sales, stop foreclosure, unemployment rates
One Response to “Foreclosure Looms As Extended Unemployment Ends”
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