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Recent Posts in Foreclosure Category

Texas Foreclosure Numbers Show Improvement

Some states are closer than others to climbing out of the economic holes they have been in. Texas shows serious promise for getting back on track very soon. According to a state U.S. bankruptcy court, ...
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Two States Unite to Combat Foreclosure

The attorney generals of two states hit the hardest by foreclosures have decided to band together to help homeowners. Both California and Nevada have been hit especially hard by the foreclosure crisis ...
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Couple Challenges Bank's Foreclosure

Even though a couple is offering to make mortgage payments on their property, the bank is still insisting that it will foreclose on them. The two have filed a lawsuit in Jefferson County, Texas ...
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Several States Experience Increase in Foreclosures

After months of declining figures across the United States, several states saw an increase in foreclosure filings over the past month. According to a company that monitors foreclosures nationally, ...
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President Announces Foreclosure Reforms

President Obama has announced a new series of reforms to make refinancing mortgages easier for families that are currently facing foreclosure . The President has contrasted his efforts to reform the ...
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Foreclosures Picking Up Speed

After the pause in foreclosures filings late last year helped some stay in their homes, it seems as though the grace period is over. Recent studies show that even more homes are being placed into ...
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Little Funds from Government Foreclosure Program Used

One government program promised $1 billion in financial relief to those who were eligible, but only $432 million of that amount was actually used. The Emergency Homeowners' Loan Program ended this ...
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Foreclosures Decrease in San Antonio Area

In some areas of the country, foreclosures are on a tentative downward slope. In San Antonio, Texas alone, fewer homeowners are falling behind on payments, meaning that less people are being forced to ...
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Man Buys Foreclosed Property for $16

When a man claimed a home for $16 in Texas, his story sparked controversy across the state, even though the method he used was not new or even illegal. Through the practice of "adverse ...
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Foreclosure Statistics Announced

Good news comes out of the latest report from an analysis that financial experts around the country rely on. The latest figures show that, overall, foreclosure filings have fallen during the first six ...
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South Central Texas Experiencing Decline in Foreclosures

The area of south-central Texas is starting to see a serious decline in foreclosures for 2011. According to the U.S. Bankruptcy Court for the Western District of Texas, foreclosures dropped from 433 ...
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Several Mortgage Companies Facing Penalties

After the massive wave of "critical deficiencies" was unearthed in last year's mortgage scandal, several mortgage companies could be facing serious punishments. The acting head of the Office of the ...
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Hard Rock Hotel Received Notice of Foreclosure

The famed Hard Rock Hotel has also been feeling the crunch of the struggling economy, even more so now that a group of lenders has filed their notice of foreclosure on the property. It is possible ...
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Homeowners May Have to Wait for Federal Loan Applications

Some homeowners that are facing foreclosure will have until next year for federal loan applications to become available. Washington, along with 31 other states, will receive funds from the Department ...
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Large Banks to Ease Foreclosures during the Holidays

The holidays have turned some financial institutions a little soft, prompting them to halt foreclosure hearings and evictions during this season. Fannie Mae and Freddie Mac are taking Christmas and ...
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Loan Modification Firm Fined $50,000 in Nevada

In Carson City, it has been reported that a loan modification and foreclosure consulting firm was fined $50,000 by the state of Nevada. The firm received the fine after allegations were made that it ...
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Behind on Your Mortgage?

According to experts, if you are behind on your mortgage payment, one of the best things you can do is contact your lender. Experts say that lenders may be open to working out a plan with you that ...
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Bank of America to Resume Foreclosures

This week Monday, Bank of America made an announcement that it would resume foreclosures in the 23 states that currently require judicial approval. Bank of America decided to move forward with ...
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Are the Obama Administration's Mortgage Efforts Failing?

News sources are reporting the Obama administration's mortgage relief efforts are not bearing fruit or easing the foreclosure crisis in the country as more than half of those who have enrolled in the ...
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10 Worst Cities to Live In

Many news sources are reporting on the United States Misery Index , which details the 10 worst cities to live in throughout the country. The Misery Index considers factors like unemployment rates, ...
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National Credit Card Debt Average Drops

In August 2010, TransUnion filed a report that stated credit card debt averages have dropped to less than $5,000. During the same time period in 2009, the national average was $6,000. While most ...
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Foreclosure FAQ

What is foreclosure? Foreclosure is a process that occurs when a homeowner falls behind on his or her mortgage payments to lenders or financial institutions. Once homeowners fail behind on their ...
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