More than 40 percent of the trial loan modifications started under HAMP were cancelled as of the end of last month...
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Many homeowners are being forced out of their homes without knowing their rights. You have rights...find out what they are here
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While both HAMP and loan servicer-specific loan modifications are on the rise, most are expected to re-default
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When it comes to housing, whether it's in the Valley or around the nation, the biggest question out there is: when is the market going to recover?
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Thirty-one percent of all residential properties sold in the first quarter of 2010 were foreclosure properties...
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Homeowners paying up-front auditing fees for a review of their lender’s practices, are being provided nothing in the way of foreclosure prevention - Ironically enough, some of these loan auditors may have been the same loan originators that broke the rules in the first place
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Morgan Stanley can only be termed as gigantic because at the end of the second quarter, they had assets in the area of $213.2 billion. However they defied logic by turning over their five buildings in San Francisco to their lenders, rather than pay off the debt on them...does this sound fishy?
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In an attempt to breathe more life into the housing market, HUD is changing an FHA rule that prohibited insuring any home sold in fewer than 90 days. Officials hope the change will help rehabilitate distressed properties faster and raise home values.
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The federal government is launching a program April 5th to increase and streamline short sales.
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The foreclosure crisis catches up with a wealthy, exclusive community in Arizona that once considered itself immune. Forget Beverly Hills. Some of the priciest foreclosures in RealtyTrac’s database were in tiny Paradise Valley, and all were recorded last year.
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Data released by the Treasury Department and the Housing and Urban Development Department show that the number of homeowners who defaulted on their mortgages even after securing cheaper terms through the government’s modification program nearly doubled in March.
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We already know negative equity is plaguing millions of Americans nationwide, but perhaps worse is the fact that many won’t see any positive equity for many years to come
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More Phoenix-area homeowners are walking away from their mortgage payments, and many more are likely considering it.
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Many of the households affected by the foreclosure crisis are actually renters, and a federal law is designed to keep them from being evicted with little or no notice. A federal law enacted this year offers renters more protection from eviction if their landlord loses the property through foreclosure .
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Being able to internally and successfully negotiate with lien holders sets us apart from our competition.
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An Arizona based real estate investment firm, Done Deal Solutions, has helped thousands of homeowners over the past six years, but has really gained momentum as wholesale properties and short sales have gained popularity over the course of the last few years.
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According to CNNMoney.com, almost half of the nation's homeowners owe more than their homes are worth. 25 million borrowers, which equates to 48% of all borrowers that have mortgage loans, will continue to be underwater on their properties.
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Homeowners that seek options to rectify their distressed mortgage situation really only have a few. Refinance, Loan Modification, or Sell the Property (most times through a short sale). If there has ever been an instance of a late payment,
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