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U.S. Foreclosure Filings Rise 16% as Bank Seizures Set Record April 15, 2010, Business Week Foreclosure filings in the U.S. rose 16 percent in the first quarter from a year earlier and bank seizures hit a record as lenders stepped up action against delinquent homeowners, according to RealtyTrac Inc....
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U.S. Foreclosure Activity Spreads Beyond Hard-hit Metro Areas January 28, 2010, NewJersey.com Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona. Las Vegas had the largest number of foreclosure...
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House Flipping Makes a Comeback December 9, 2009, Wall Street Journal Four years after the collapse of the U.S. housing bubble, flipping homes is back in fashion. Jon Mirmelli, a Phoenix real-estate investor, learned late in the morning of Sept. 28 that a never-occupied custom house on the northern fringes...
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Foreclosure Protections for All New Yorkers November 30, New York Times Last year, a new law was put into place in New York to help protect subprime mortgage borrowers from foreclosure. Now the state is on the verge of extending similar protections to prime borrowers, too. A bill passed by the State...
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US Sen Offers Bill To Expand Home Buyer Tax Credit Wall Street Journal A tax credit currently limited to certain first-time home buyers would expand dramatically under legislation introduced by U.S. Sen. Johnny Isakson, R-Ga. Under the legislation, any buyer of a home — not just first-time home...
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Mich. Lawmakers Agree on 90-day Foreclosure Bill The Associated Press Michigan lawmakers struck a deal Wednesday to give homeowners facing foreclosure a 90-day window to stay in their house and potentially work out something with their lender. The legislation lets homeowners delay foreclosure proceedings...
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Detroit Councilman Walks Away From His Mortgage Miami Herald It was their dream home, a two-story, four-bedroom colonial in one of Detroit's nicest and most stable neighborhoods. But then, one day in December, City Councilman Kwame Kenyatta and his wife packed up their belongings, locked the doors...
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What if you are a renter who is faithfully paying your rent on time, but your landlord isn’t paying the mortgage? Sadly, since most state and local laws often don’t provide basic protections for renters during the foreclosure process, many tenants are caught in the legal crossfire and stung...
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25 People to Blame for the Financial Crisis TIME Magazine Who’s at fault? The good intentions, bad managers and greed behind the financial meltdown is exposed by TIME Magazine. View the list. HUD Secretary, Congress Debate Foreclosure Plans Washington Post Against a backdrop of record-low new home...
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U.S. Home Prices Fall at Highest Annual Rate Last Quarter International herald Tribune A widely watched index showed Tuesday that U.S. home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December. The Standard & Poor's/Case-Shiller U.S. National Home Price index...