foreclosures

How Does Mortgage Delinquency Affect Your Credit Score?

April 14, 2011

Many people, many more than usual and many more than in past years, have recently experienced the trauma of not being able to make the house payment, not being able to catch up after delinquencies and the horror of foreclosure, not to mention the people who never really missed a payment but were completely unable [...]

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Mortgage Delinquencies Decline

March 22, 2011

The mortgages that are at least 30 days late decreased more last month than it has in over a year. Delinquencies in February 2011 were down 1.2 percent from January 2011 and 18.4 percent from last year at this same time. But the foreclosure inventories are still quite high and significantly higher than last year [...]

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Double Dip In The Housing Market

January 26, 2011

Housing prices in many cities across the nation are at their lowest level in years. And while everybody has a theory as to why and the comments on the Internet have people blaming the banks, the homeowners, the legislature, the government, the truth probably lies somewhere in the middle. The fact is that is will [...]

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Will 2011 Be The Peak Of The Foreclosure Crisis?

January 13, 2011

Real Estate analysts from RealtyTrac Inc. are predicting that 2011 will be the height of the Real Estate crisis with an expected 1.2 million homes being repossessed. Lenders are poised to take back more homes than at any other time since the crisis began in 2006. At this time there are 5 million borrowers who [...]

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Ask For Info, Decrease Your Credit Score??

January 5, 2011

In an interesting article from the Huffington Post, an individual requested information from his mortgage servicer, Bank of America, about who actually owned his mortgage. He did this through a website called “Where’s the Note?”. As a customer you actually have the right to know who owns your note. However, after initially declining to tell [...]

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Halt On Foreclosures Will Hold Up The Market Further

October 12, 2010

The nationwide halt on foreclosures by Bank of America, along with other banks that are considering the same thing will most likely slow up the real estate market even more. The problem lies in the many foreclosures that are currently and soon to be on the market. If there is any type of “mortgage fraud” [...]

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Real Estate Recovery Being Held Hostage By Credit Scores

September 28, 2010

Nearly a third of all Americans are unable to secure a mortgage in these challenging times. According to the real estate website, Zillow, people with credit scores below 620 were unable to secure mortgage financing even when they had a solid source of income and offered a down payment of 15-25%. According to myFICO.com as [...]

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The State Of Housing

September 14, 2010

Not so good but possibly stabilizing. That is the verdict from Harvard’s Joint Center for Housing Studies 2010 report on the state of the American Housing Market. “The nation has not faced housing problems of this magnitude since the Great Depression.” Job losses and high unemployment of course, have contributed and also the significant decrease [...]

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Short Sales Becoming Anything But Short

September 1, 2010

Rumor has it that in the area where I live, a smaller community that just came about around 2006, every single home sale is either a short sale or a foreclosure. And the truth is that not “every” home sale has to be a short sale or a foreclosure, there are those few people who [...]

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Sales Of Previously Occupied Homes Lowest In 15 Years

August 24, 2010

July 2010 statistics on home sales or previously owned homes fell by more than 27 percent to a seasonally adjusted 3.83 million, the National Association of Realtors reported on Tuesday. This represented the largest monthly drop on record, dating back to 1968 and it also included every region of the country. This followed the expiration [...]

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