According to an article in the Dallas Morning News, the unemployment rate has surpassed 10 percent for the first time since 1983.
The article said:
“The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest since April 1983, from 9.8 percent in September. The economy shed a net total of 190,000 jobs in [...]

According to an article in the Bloomberg, the foreclosure crisis is likely to worsen as more than 7 million properties facing imminent foreclosure hit the housing market in the next year or two.
The article said:
“The “huge shadow inventory,” reflecting mortgages already being foreclosed upon or now delinquent and likely to be, compares with 1.27 million [...]

According to an article in Reuters, America’s high unemployment rate is causing a surge in the number of foreclosures and bankruptcy filings nationwide.
The article said:
“Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July…By comparison, 4.89 percent of mortgages [...]

According to an article in the Star-Telegram the rising number of foreclosures and unemployed residents are creating a budget crisis for homeowners associations, especially in Dallas-Fort Worth area. With many properties vacant and other homeowners failing to pay their dues, the associations are struggling to provide basic maintenance.
The article said:
“To increase collections and balance [...]

In certain states, you can obtain an injunction by filing a complaint in a court. You will need an attorney to do this. The process is made more arduous by a requirement that you give five days’ notice to the lender before seeking to enjoin the foreclosure.

Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or repossessing the property by which the loan was secured. The foreclosure process begins when the homeowner defaults on the mortgage payments and the lender files the necessary documents to begin the foreclosure proceedings.
To understand the [...]

Because so many banks are facing massive losses from loan defaults many are desperate to quickly dump delinquent debtors into the foreclosure process. According to an article published in the San Francisco Chronicler some banks are less willing to re-negotiate the terms of loans that are in default or delinquent.
The San Francisco [...]