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The New Foreclosure Mess: A Possible Silver Lining by The KCM Crew on October 15, 2010 ·in For Buyers,For Sellers,Foreclosures Share There is no doubt that the current foreclosure mess is creating havoc in the housing industry. Listings are being removed from the market and many closings are being delayed and, in some cases, even canceled. No one is sure what the full impact of the situation will be or when it will be rectified. However, there could be a silver lining to this gigantic cloud of doubt...
Foreclosure Fraud: It's Worse Than You Think http://www.cnbc.com/?__source=yahoo%7Crelated%7Cstory%7Ctext%7C&par=yahoo"> Companies: Citigroup, Inc. Topics: Legal / Law Matters Related Quotes Symbol Price Change C 4.2700 +0.0300 {"s" : "c","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} On Tuesday October 12, 2010, 2:24 pm EDT There has been plenty of pontificating over the ramifications of foreclosure freezes on troubled borrowers, foreclosure buyers and the...
GMAC Finds "No Evidence" of Improper Foreclosures, Expands Reviews GMAC Mortgage says although reviews of foreclosure affidavits involving homes in 23 judicial states are ongoing, the company has found "no evidence to date of any inappropriate foreclosures," and as files are evaluated, the foreclosure process resumes. The company also announced that it has engaged several legal and accounting firms to conduct independent reviews of its foreclosure procedures in each of the 50 states, and it is conducting second-look...
Real Estate Lenders checking for own errorsBoston Globe – Two big mortgage lenders are reviewing foreclosures as public officials heighten pressure on the industry over allegations that they made errors in ... Mortgage Industry Dodd: Obama May Name Consumer Bureau Nominee 'In Coming Days'FOX Business – Dodd: Obama May Name Consumer Bureau Nominee 'In Coming Days' Home Foreclosures Document Questions Cloud RecoveryWall Street Journal – Some some real-estate agents say the housing recovery...
Bank of America Halts Foreclosures Nationwide Bank of America is expanding its foreclosure freeze from the 23 judicial states to include all 50 states. Consumer advocacy groups, state attorneys general, and federal lawmakers are all calling for GMAC Mortgage and JPMorgan Chase to also extend their foreclosure moratoriums nationwide. PNC Financial has reportedly become the fourth major lender to institute a foreclosure suspension in the judicial states. An announcement is expected to come as early as Tuesday of a...
Real Estate The Housing Market: Is it Time to Rent or to Buy?Time – Interested in getting back into real estate? Here's a guide to the best markets for bargains. Mortgage Industry Fight over MERS' legal right to foreclose makes mess worseUSA Today – When Randy Persten's mortgage was foreclosed, he looked at the papers and found a mystery. A company he'd never heard of MERS was behind i ... Home Foreclosures Little-Known Record Firm Faces Foreclosure ChallengesFOX Business – NEW YORK...
Home sellers waiting for better market face hard choices Credit: HATLEY MASON/TIMES-DISPATCH By Carol Hazard | TIMES-DISPATCH STAFF WRITER Published: October 10, 2010 Buzz Richmond, Va. -- Jeffrey and Hillary McGrath brought $6,500 to the closing on their Henrico County house -- only they weren't buying the house. They were selling it. They essentially sold the house last month for what they owed -- and they paid the buyer's closing costs. They didn't recoup their original down payment...
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Contact by Phone 850 855 4369
or Email Jim@UberRealty.com
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