The number of homes approaching foreclosure in Pasadena is approaching 700 and has been steadily rising for the past several months. As the moratoriums on foreclosures comes to an end, as homeowners exhaust all possibilities to keep their homes, it seems inevitable that the foreclosure rate will keep rising and rising for some time. If there is a silver lining to all of this the foreclosure process has overwhelmed the lenders that own the notes and there isn't enough manpower to expedite all of … [Read more...]