The States Where Homeowners Are Still Struggling

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The States Where Homeowners Are Still Struggling

The States Where Homeowners Are Still Struggling

The realms of home loans and home ownership have undergone many challenges during the past several years. The foreclosure crisis wiped out hundreds of thousands of homeowners, credit dried up and many who remained in possession of their homes faced¬†plummeting property values, sometimes struggling to keep up with mortgage payments along the way. Even as… Read More

CFPB Says Flagstar Bank Stonewalled Troubled Homeowners

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CFPB Says Flagstar Bank Stonewalled Troubled Homeowners

CFPB Says Flagstar Bank Stonewalled Troubled Homeowners

At-risk homeowners trying save their homes from foreclosure during the mortgage meltdown complained for years that banks were systematically stonewalling them. On Monday, federal regulators accused a financial institution of doing just that, alleging that Michigan-based Flagstar Bank intentionally frustrated homeowners and pushed some into foreclosure. The Consumer Financial Protection Bureau said Flagstar “failed …at… Read More

Are Foreclosures Causing More Suicides?

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Are Foreclosures Causing More Suicides?

Are Foreclosures Causing More Suicides?

The suicide rate among middle-aged Americans increased significantly from 2005 to 2010, and a new study published in the American Journal of Public Health associates that spike with the recent foreclosure crisis. There has been a lot of research on the relationship between suicide rates and economic ups and downs, but the focus on foreclosure… Read More

Foreclosure Declines Continue

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Foreclosure Declines Continue

Foreclosure Declines Continue

There was a time when having more than 1 million U.S. homes in foreclosure was the norm. It wasn’t that long ago, actually — the foreclosure inventory only dropped below the million mark in June 2013 — but as of January 2014, just 794,000 homes were in some state of foreclosure. That’s a 33% decline… Read More

Short Sales Are Down as Home Prices Rise

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Short Sales Are Down as Home Prices Rise

Short Sales Are Down as Home Prices Rise

Home sales and prices continue to rise on an annual basis, and as those numbers have climbed, the number of short sales going through the market has dropped. Short sales, which are home sales in which the sale price is less than the total of the outstanding mortgages secured by the property, made up 5.3%… Read More

Foreclosures, Repossessions Continue to Drop

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Foreclosures, Repossessions Continue to Drop

Foreclosures, Repossessions Continue to Drop

Banks repossessed 29% fewer homes last month than in October 2012, the 11th consecutive month of annual declines, according to RealtyTrac‚Äôs monthly U.S. Foreclosure Market Report. The 37,775 properties with bank repossessions on file was a 1% decline from September. Foreclosures also sharply declined from 2012. Last month, one in every 978 U.S. housing units… Read More

Foreclosures Continue to Drop

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Foreclosures Continue to Drop

Foreclosures Continue to Drop

The housing market has been improving by leaps and bounds for more than a year, and this growth has resulted in a steady decline in the number of foreclosures nationwide. There were about 52,000 foreclosure actions completed nationwide in May, down approximately 27 percent from the 71,000 observed at the same time in 2012, according… Read More

New Legislation Key to Drop in Foreclosure Starts

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New Legislation Key to Drop in Foreclosure Starts

New Legislation Key to Drop in Foreclosure Starts

The new year saw a substantial improvement to the country’s housing market, as the number of foreclosure starts nationwide dipped markedly from a month and year earlier. More than 150,000 filings were recorded during January, according to RealtyTrac’s Foreclosure Market Report, which was 7 percent less than the figure seen in December and nearly 30… Read More

Slow Foreclosure Process Still Causing Trouble in Florida

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Slow Foreclosure Process Still Causing Trouble in Florida

Slow Foreclosure Process Still Causing Trouble in Florida

The national housing market has been improving significantly for some time and new data suggests that the number of homes in the foreclosure process is declining as well, but in the state of Florida, that process has been a major hindrance to the industry. While many other parts of the country hit hard by the… Read More

Will These States Lead the Housing Recovery?

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Will These States Lead the Housing Recovery?

Will These States Lead the Housing Recovery?

We’ve been inundated with news stories about the housing market recovery, along with a few counter-arguments by skeptics who think we still have a long way to go. These analyses tend to focus on prices, sales or new homes built. While those figures are important, they often leave out an important factor: credit. To buy… Read More

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