Foreclosed homes sell at 27% discount in U.S. as REO supply increases
Almost a 30% discount is nothing to shake a stick at when purchasing a home from foreclosure. Prices are still high for where the economy and market is at in 2010. With unemployment guaranteed to...
View ArticleGMAC halts foreclosures on possible document mishandling
This could be interesting. Ally & GMAC basically were sending documents to the court that were stated as verified when they actually were not. In defense of GMAC, they most likely got the basic...
View ArticleJ.P. Morgan will halt foreclosures in half of the U.S.
First GMAC (Ally Financial) and now JP Morgan. This is starting to seem a little epidemic. We should not be surprised if more cases of foreclosures halts come up. During the bubble we had a rush of...
View ArticleForeclosure abuse rampant across U.S according to expert
It has been sometime since my last posting. In that time, I had to undergo a major surgery. I am recovering great and should be posting with much more regularity. It has taken a few days to catch...
View ArticleBank of America forecloure alternative: famlies can rent the home
At first I was appalled when I finished reading this article. This action is something that I have considered “could happen” down the road when the collapse was in full swing. Now, after...
View ArticleHome lenders look for alternatives to repossessing homes
We should be looking at all creative areas to help homeowners go through this restructuring process with the goal of making it as least painful as reasonable possible. At the same time we want to...
View Article‘Zombie homes’ stalk former owners in latest U.S. foreclosure story
It looks like it is starting with this mortgage debt is not being discharged through foreclosure and instead it is lingering on the ex-homeowners credit, adding up taxes and fees along the way. It...
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