Spring....a season of beginnings, but unfortunately not for the unemployed homeowner.

The jobless figures are still terrible and not turning around anytime soon.

So, stuff the Pollyanna economic talk and face the stark realities of economic injustice in the US exacerbated and/or caused by the
Wall Street fueled economic disaster.

From New America Media:  "Giselle Jiles could be the new face of foreclosure. The 52-year-old financial planner has owned her home in Oakland’s Laurel District for 12 years. She did not buy an expensive home that was beyond her means and she did not sign up for a predatory adjustable rate mortgage that was reset at an unsustainably expensive rate.

"Jiles did not make any of the mistakes she sees in stories about distressed homeowners on the nightly news. Her economic stress comes from a more traditional source.

"Jiles was laid off in March 2009. More than a year later, she’s exhausted her savings and dipped into her retirement. Now, she’s worried about losing her home.

“ 'I worked for the company 20 years and 20 years ago I got a job, like that,' she says snapping her fingers. This time, despite sending out hundreds of resumes, Jiles says she’s only gotten “a few interviews, a few call backs, but the companies started saying, ‘We just don’t have the money to hire you.' ’”

"Jiles believes it could be a long time before she finds a new job. She says many of her friends and family members have been unemployed even longer. Nationally, the Labor Department reports 6.5 million Americans have been unemployed for more than six months, the highest number since the government began keeping records in 1948.

"Housing counselors say they’re increasingly seeing people like Giles, who are worried about losing their home because of persistent unemployment.

“'It’s as common or more common than resetting adjustable rate mortgages or “underwater” borrowers who owe more than their home is worth, said Josie Ramirez, homeownership program manager at the Mission Economic Development Association in San Francisco.

"The problem, says Ramirez, is that there’s nothing in any of President Obama’s anti-foreclosure programs that forces banks to work with troubled borrowers to keep them in their homes.

“ 'It’s all based on incentives,” Ramirez said, “and you can’t just incentivize.' ”

“ 'The regulations are so weak even the Obama administration is simply trying to shame them,' Ramirez said. 'Sometimes that works, sometimes it doesn’t.' ”