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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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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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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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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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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Some Mich. cities bet casinos would boost economy
Jobs are hard to come by in Benton Harbor, a recession-ravaged town of 10,800 on the Lake Michigan shoreline.
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La. senator: Are deaths linked to Chinese drywall?
U.S. Sen. David Vitter has called for federal officials to do a more thorough review of the deaths of several people who lived in homes that contained smelly, possibly toxic Chinese drywall.
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Rebuilding tough in areas ravaged by foreclosures
Turning around neighborhoods ravaged by foreclosures will take a group effort, a panel of housing experts said Wednesday.
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Bank of America Commits to 2MP
The government is good at inventing acronyms and there is a new one consumers need to be aware exists.
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Housing crash claims foster parents’ home
ANAHEIM HILLS For 22 years, Joe and Sue Chrastka have taken in sick and needy children.
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Landlords by necessity: Property owners make sluggish market work for them
For quite a while now we’ve been hearing about all the doom and gloom of the housing market, thanks to falling prices, sluggish sales, low appraisals and multiple foreclosures.
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