Inland Empire Seeks Solutions to Foreclosure Crisis

Ron Loveridge, the mayor of the Inland Empire's largest city, Riverside, details how regional and local leaders are working to recover from the effects of the foreclosure crisis.

"The inland area has the highest unemployment of any major metropolitan region of the country. There are more foreclosures in our two counties than any other place in the country. You'd think that should move us to the front of the line if there are programs that are need-based."

"There are so many homes going into foreclosure that the building industry can't build a home that can compete with the homes that are going on the market due to foreclosure. Until that foreclosure inventory is reduced it's going to be very difficult to restart the building industry, even with the reduction of fees."

Thanks to James Brasuell

Full Story: Ground Zero: Riverside Mayor Ron Loveridge On Inland Empire’s Home Foreclosure Challenge

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