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Tag Archives: Foreclosures

Florida Real Estate Takes Double Dip

Government programs ending, new foreclosures starting, zombie foreclosures coming back to life and Florida’s weak employment base all add up to bad news for Florida’s real estate market for the next few quarters, says Roy Oppenheim in a video interview WESTON, Fla., July 26, 2011 — Foreclosure is the new “F” word and it’s back with a vengeance as Florida foreclosure defense ...

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Study Reveals Impact of Real Estate ‘Shadow Inventory’ on Recovery

ATLANTA, June 30, 2011 /PRNewswire/ — Despite steady gains in key industry sectors, the nation’s housing market continues to exert pressure on the overall rate of economic recovery. While financial conditions across multiple financial sectors suggest economic stabilization and growth, delinquencies still exceed pre-recession levels due to continued turbulence in the mortgage marketplace, according to Equifax (NYSE: EFX) national credit trend research for May ...

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Mortgage Banking Giant Agrees to Pay Homeowner $30,000 as Part of Settlement Agreement

With pending counterclaims of fraud and predatory lending, Deutsche Bank agrees to pay defendant $30,000 and issue a letter to correct credit to settle a New Jersey foreclosure action PHILADELPHIA, June 14, 2011 — Shaffer & Gaier, LLC announced today that its client has agreed to a $30,000 cash settlement with Deutsche Bank in an action filed by the banking ...

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National Home Prices Hit New Low in 2011

NEW YORK, May 31, 2011 /PRNewswire/ — Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller(1) Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010.  The National Index hit a new ...

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Fannie, Freddie and Foreclosures- Exploring the True Costs to the US taxpayer

Introducing Fannie Mae, their mission and purpose as explained on fanniemae.com: “Fannie Mae, (Federal National Mortgage Association) is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.” Yet they have managed to do just the opposite of the purpose for which they were created. With record ...

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Rebuilding a House of Cards

In August, we watched as sales of existing homes drop by 2.7%. Experts were expecting an increase. Due to the fact that 30% of all home sales this year were by first-time home buyers, the National Association of Realtors has begun a campaign designed to influence congress to put more taxpayer subsidies into the housing market.

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Adjustible loan disaster looming for California

Members of Congress, the President, and anyone else with an opinion is still blaming the recession on greedy corporations.  This article isn’t about rehashing the debate, but… what about the greedy government elitists?  What about us? The government needs us to borrow more to feed the partial-reserve economy system we have.  To get us to borrow more, they need us ...

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