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People hurting because of foreclosures

09-29-2008 06:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: LawyerAhead Inc.

Toronto, Canada—September 28th, 2008—700 billion dollar bailout plan proposed by US Treasury Secretary Henry Paulson, now dubbed as King Henry by Newsweek, has no relief at all for the Main Street. Its a simple plan to bail out Wall Street and possibly even reward the companies that got US as a nation into this financial crisis. A poll released by Los Angeles Time and Bloomberg shows that 1 out every 2 Americans have unfavourable views on the bailout plan and oppose getting these troubled financial institution out of trouble. As they clearly see it, it is with their tax money, roughly about 2300 usd per person, which the government is proposing to bailout firms, when their own home values get hammered and is leaving people out of their houses.

Lawyerahead.com, a social networking website that help legal consumers find lawyers for their legal needs, is now seeing that month over month clients are looking for Real Estate lawyers in their local area that can bail them and sort them out of the foreclosure mess. As Lawyerahead Team put it `People are hurting out there. And it shows`

According to First AmericanCoreLogic who collects data on home prices and foreclosures shows that the foreclosure rates was at 1.44% in the month of July, and according Fidelity Investment bank the foreclosure has increased nationally by a whopping 27% since the beginning of this year.

RealtyTrac.com track data shows, Nevada has the highest percentage of foreclosures - approximately 1 in every 100 homes, followed closely by California. RealtyTrac.com`s data on Top ten states shows the following:

Nevada: 1 in 91 homes
California: 1 in 130 homes
Arizona: 1 in 182 homes
Florida: 1 in 194 homes
Michigan: 1 in 332 homes
Georgia: 1 in 422 homes
Ohio: 1 in 444 homes
Colorado: 1 in 452 homes
Illinois: 1 in 483 homes
Indiana: 1 in 522 homes

Lawyerahead.com aims to help consumers find the right legal support for their legal needs. Often choosing a lawyer is an important and difficult task for any consumer. Lawyerahead.com narrows the gap here by providing a simple, guided process for consumers to present their legal matters online and then by connecting those consumers to lawyers in an efficient and effective manner. Unlike the yellow pages, lawyerahead.com gives consumers multiple selections of lawyers to choose from as it stands by that giving the consumers the option is a valuable tool when selecting the right lawyer. Lawyerahead.com's community is constantly sharing their own legal experiences allowing new consumers to learn from their insights and learning from another who has already been there.

Lawyerahead, Inc also operates under www.lawyerahead.ca to better serve its Canadian consumers looking for legal help for their legal needs.

Tamia Johnson
LawyerAhead Inc.
176 Highglen Avenue
Toronto, Ontario
L3S1X4
Canada
pr@lawyerahead.com
www.lawyerahead.com (US)
www.lawyerahead.ca (Canada)
647-808-4447

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