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The Most-Expensive Bank-Owned Home in America By Ann Brenoff, AOL Real Estate, July 29, 2011 Who says the mighty can't fall? One of the country's premier listings — the penthouse apartment of the St. Regis Hotel in San Francisco — is now owned by a subsidiary of Bank of America and...
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Foreclosure Filings Hit 3-year Low, Report Shows April 14, 2011, Reuters U.S. foreclosure filings fell in the first quarter to the lowest level since early 2008 amid an ongoing backlog following last year's halt in activity, according to a RealtyTrac report on Thursday. Default notices, scheduled...
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Lawmaker Unveils Mortgage Modification Bill September 29, 2010, Reuters As many as 30 million U.S. homeowners would be able to refinance their mortgage at record low interest rates regardless of their credit situation under a plan unveiled on Tuesday by a Democratic lawmaker. Ohio, Colorado AGs Start...
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Real estate pessimists are everywhere. You can’t escape their group-think doom-and-gloom message about housing and homeownership. I often wonder if these housing naysayers are angry renters unable to afford a home because they don’t save their money. Consider Time magazine’s cover story...
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Home Prices Edge Down as Tax Credit Fails to Lift Market May 25, 2010, CNBC Single-family home prices were unchanged in March from February, but fell in the first quarter under renewed pressure before federal aid for buyers faded away, Standard & Poor's/Case Shiller home price indexes showed...
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According to the Orange County Register , Jeana Keough the former star of “The Real Housewives of Orange County” has “saved” her home from a foreclosure auction. In a long rambling letter from Keough to OC Register writer Mark Eades, she says: “Mark, thank you for making...
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RealtyTrac launched a new comprehensive Home Resource Center designed specifically for homeowners and others who want to learn about any type of home improvement — from small do-it-yourself projects to major renovations that require assistance from professional contractors. “Because foreclosures...
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California Home Prices Decline 41 Percent on Foreclosures Bloomberg News California home prices dropped 41 percent last month from a year earlier, more than double the U.S. decline, as surging foreclosures drove down values, the California Association of Realtors said today. The median price for an existing...
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As big banks on government life support — particularly Bank of America and Citigroup — continue to struggle amid rising fears that they are mortally wounded “zombie banks,” a growing chorus of industry leaders are calling for the nationalization of insolvent lending institutions...
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REOs Dominate Many Markets Inman News The foreclosure market “is the housing market” in 2009, analysts at Deutsche Bank say in a new report that's skeptical about the effectiveness of the recently passed $787 billion stimulus bill to revive housing markets. The report warns of the lurking...