Outside buyers get a deal on Dallas foreclosures
Only a fraction of homes sold at foreclosure in Dallas-Fort Worth go to outside buyers.
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Is homeownership still your American Dream?
Traditionally, the American Dream has meant a home to hang your hat, raise your children and grow old together.
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Thousands Walk Away From Mortgage
With the economy still struggling, a growing number of people in Michigan are walking away from homes that are worth less than what they still owe on them.
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Democratic gubernatorial candidate Virg Bernero proposes opening a state-owned bank
Lansing Mayor Virg Bernero on Tuesday proposed having Michigan follow the lead of North Dakota and open a state-owned bank that could make low-interest loans to businesses and college students.
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Foreclosures challenge Census counters
The 2010 Census presents an unprecedented challenge for census takers: Counting people where they live even as the economy is uprooting them from their homes in record numbers.
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Tucson Foreclosure Homes Kept Surging, City Got Rehab Money
Tucson foreclosure homes continued to soar in 2009, contributing significantly to the increased pace of Arizona foreclosures during the same year.
Investors spending resources to find bank foreclosures for sale can consider Tucson and other parts of Arizona as foreclosure activities continued to surge in these areas.
In 2009, a total of 12,798 foreclosure actions were filed [...]
More work ahead on housing market: Treasury
The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.
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Foreclosures Leading to Invention of More Acronyms
Foreclosures and measures taken to solve it are making the government expert in inventing more acronyms. Perhaps the public is not aware of the latest one to enter the field – 2MP. It stands for second-lien-modification programme. This is another measure related to loan modification that has the backing of the government and is targeting [...]
Indianapolis Foreclosure Homes Prompting Township Revival
Indianapolis foreclosure homes have spurred downtown revival and the growth of Central Township, the most populous among the townships of Marion County.
Central Township covers 41.83 square miles of land and includes 0.85 square mile of water. It encompasses downtown Indianapolis and a portion of Beech Grove.
As people move out of foreclosure-clobbered suburban neighborhoods back into [...]
Woman says bank wrongly took home
A Hampton woman is suing Bank of America, saying one of its contractors wrongly repossessed her home, padlocked the doors, shut off the utilities, damaged the furniture and confiscated a pet parrot, though her mortgage payments were on time.
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Can they repossess the dog? What to know if the repo man comes calling
In the past several years, one type of repossession has been in the headlines — home foreclosures.
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Housing: More Short Sales Coming?
David Streitfeld has an interesting article this morning in The New York Times discussing the outlook for an increase in the number of housing short sales and government efforts to facilitate these.
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Sentences to ponder
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes.
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Napa Foreclosures Loom as…
In California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands.
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The Foreclosure Crisis has Downed Shutters on Days of Giving Replacing it with Days of Taking
The foreclosure crisis has downed shutters on days of giving replacing it with an age of taking. In Tracy, California there was a news item that read “Tracy residents will now have to pay every time they call 911 for a medical emergency. But there are a couple of options. Residents can pay a $48 [...]
Bank Foreclosures in Florida’s Condo Sector Enforced by HOAs
Bank foreclosures in Florida’s condo sector are being enforced by homeowner associations through a process called reverse foreclosure to force lenders to pay association dues and maintenance fees.
In Florida where condo foreclosures have soared along with single-family and townhouse foreclosures, 60 percent of HOA associations are struggling from unpaid association dues. These HOAs have reported [...]
Birmingham area foreclosures still rising, First American CoreLogic says
Metro Birmingham foreclosure rates rose in January, mortgage researcher First American CoreLogic said today.
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Fresno Foreclosure Homes up Due to Job Loss and Price Fall
The number of Fresno foreclosure homes and the rate of delinquency stepped up in January this year, based on reports from real estate firms.
Nearly 4 percent of all Fresno County mortgaged homes were foreclosed in January, a substantial increase from 1.5 percent in January 2009. Similarly, more than 13 percent of mortgage borrowers were delinquent [...]
Short-Sale Program to Pay Homeowners to Sell at a Loss
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes.
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As his lawsuits pile up, plaintiff gets a label: ‘vexatious litigant’
Michael A. Scott has sued people who, by state law, are immune from lawsuits, such as judges and the attorney general.
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Foreclosure Rates in Salem Increase
Foreclosure rates in Salem have increased for the month of January over the same period last year, according to First American CoreLogic.
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Janitor asks CEO for mortgage help
Rosalina Gomez is a $13-an-hour janitor who cleans the U.S. Bancorp executive offices every night.
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The Hartford sells seized N.C. complex for $42M
Hartford Financial Services Group Inc. sold a repossessed Charlotte, N.C., office complex to a Maryland investor for $42 million cash, roughly a third of its previous value.
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Fixer-upper Financing
The word “as-is” can indeed be one scary phrase. Especially when buying a home in today’s market where foreclosures and short sales that need fix-up work are plentiful.
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Prudential files foreclosure on Williamsburg apts.
Prudential Mortgage Capital Funding has filed a foreclosure action against Williamsburg Acquisitions LLC, owner of the upscale Williamsburg of Cincinnati apartments in Hartwell.
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