News about Foreclosure Crisis

  • Foreclosure Crisis

    California foreclosure starts increased, as more properties entered the pipeline and more homeowners fell behind on their payments.

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  • Foreclosure Crisis

    Ohio has been one of the hardest-hit states when it comes to the foreclosure crisis. While foreclosures are down year-over-year in Ohio, they rose by 23 percent from December to January. Cities like Cleveland and Columbus have been awash in foreclosures for several years now, and countless solutions have been proposed to remedy the

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  • Foreclosure Crisis

    As 2014 advances, the nations foreclosure problem continues. While foreclosure properties are not nearly as prevalent as they were only a couple of years ago, they still abound – and one state attorney general is not going to let banks forget.

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  • Foreclosure Crisis

    One of the more devastating impacts of the foreclosure crisis and real estate market crash of 2007 was a veritable flood of underwater homeowners ? homeowners who owe more on their mortgages than their homes are currently worth at market prices.

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  • Foreclosure Crisis

    Yet another sign of a recovering housing market appeared today: foreclosure starts put on record from July 2012 to July 2013 dropped to the lowest levels seen since 2007. According to data, foreclosures and loan delinquencies fell significantly, with the month-over-month delinquency rate falling by 3.96% (6.41% of all homes are now delinquent). Foreclosure starts fell 3.46% from the previous month s numbers.

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  • Foreclosure Crisis

    When it comes to the current real estate market, things are looking up across the country with most areas making progress toward recovery. Despite the improvements, many places are still battling foreclosure. From single-family homeowners to a couple of Hilton properties, the threat of bank repossession is still present for many people and businesses.

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  • Foreclosure Crisis

    The foreclosure settlement agreements over the last few years has resulted in lenders who were charged with unethical actions – including wrongful foreclosure – to pay out a significant amount of money to a large number of borrowers. Unfortunately, these foreclosure settlement checks have been met with criticism due to the low compensation in comparison to the extent of suffering, with most checks totaling only

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  • Foreclosure Crisis

    When it comes to the foreclosure settlement agreements and the insufficient punishment of the responsible lenders, it would seem as though it could not possibly get worse. Apparently the lack of attention to detail

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  • Foreclosure Crisis

    When it comes to real estate market recovery, most judicial foreclosure states have been lagging behind non-judicial foreclosure states due to the lengthy foreclosure process. As a result, many of these states – including Florida – still have a relatively high foreclosure inventory.

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  • Foreclosure Crisis

    There are countless stories of homeowners who lost their homes to wrongful foreclosures throughout the real estate market crash and unethical lender behaviors. One result of the foreclosure settlement agreements involved paying victims via settlement checks; however, most of these checks were much less than expected, resulting in increased

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  • Foreclosure Crisis

    Over the last few years, foreclosure settlement agreements have been seemingly never-ending. One part of the foreclosure settlement agreement involved the use of an Independent Foreclosure Review Process in an effort to help victims of wrongful lender actions to receive compensation for their sufferings. However, due to a variety of issues including poor oversight and lender immorality, this process was a fail from the start.

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  • Foreclosure Crisis

    Over the years, foreclosure activity has been significantly higher than the numbers we became accustomed to before the real estate market crash. Today, the real estate market is progressing as home prices are increasing and investors and homebuyers are flocking to discount properties. Individuals across the world are seeking to buy homes in the United States while prices are still low and mortgage rates are still appealing.

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  • Foreclosure Crisis

    You have undoubtedly heard about the bank foreclosure settlement reached last month ? the one worth approximately $8.5 billion spread out among 11 mortgage companies in the U.S. The premise behind this agreement is simple: The case-by-case foreclosure review process agreed to in the National Mortgage Settlement reached last year is viewed as ineffective.

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  • Foreclosure Crisis

    Life is truly unpredictable. Some people purchase homes well within their means and then an unfortunate event occurs – such as job loss or serious illness – that results in an inability to remain up-to-date on mortgage payments. These foreclosures are more often than not outside the control of the homeowner.

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  • Foreclosure Crisis

    The real estate market crash was definitely not a highlight of American history and the effects are still very much present today. From low interest rates and low home prices to a high number of families facing foreclosure, we have still not reached ?normal? although we are making significant strides toward real estate market recovery.

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