Christian Financial Personality James Paris Says the Prediction of 1,000,000 Foreclosures in 2010 Indicates a 'National Emergency'
Contact: Robert Yetman, 407-719-7255
DAYTONA BEACH, Fla., July 19 /
Christian Newswire/ -- James L. Paris, the Founder and CEO of Christian Internet Income.com (
www.christianinternetincome.com), a website dedicated to helping Christians realize greater financial freedom from creating their own Internet-based businesses, declares that the latest figures on the foreclosure rate in America dictate that however seriously the crisis has been taken up to this point, it is nothing in comparison to the level of attention that's demanded.
On Thursday, July 15, RealtyTrac Inc., a foreclosure listing service, suggested that the United States is on the road to seeing around 1,000,000 homes taken back by lenders in 2010. RealtyTrac notes that the number of home repossessed during the first six months of the year is just shy of 528,000; to put the enormity of that anticipated figure in perspective, more typical years have historically seen roughly 100,000 repossessions.
Recently, Paris applauded the work of Congress in holding mortgage lenders' feet to the fire on the matter of the slow pace of modification approvals, and says that this latest information is only more proof that a lot more needs to be done to bring this madness to an end and allow the typical working American to have a real chance at preserving their ownership of a literal piece of America. Says Paris, "These numbers...both that which has been realized thus far in 2010, as well as the 1,000,000 foreclosures predicted by the end of the year...are nothing short of astonishing. 1,000,000 displaced homeowners in the course of a single calendar year? In my opinion, this crisis is nothing short of a national emergency – indeed, how could any sane person see it differently?"
Paris recently announced the release of his own proprietary do-it-yourself mortgage modification product. The Do-It-Yourself Loan Modification System, co-authored by Paris and financial writer Bob Yetman, represents a complete "lean and mean" manual for distressed homeowners seeking to step back far enough from the brink of foreclosure to actually regain the upper hand in their home ownership. The package is available online at
www.mortgagemodificationsystem.com for only $49.
In addition to overseeing Christian Internet Income.com, James Paris is also the Editor-in-Chief of Christian Money.com, the author of more than 20 books on personal finance, and makes numerous appearances each year on nationwide television and radio.
