Archive for January, 2009

An Overview on Hollywood Foreclosures

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If you thought that areas like Hollywood are unaffected by the existing foreclosure crisis; think again. The foreclosure problem has gripped almost every corner of the nation, and Hollywood is no different. Hollywood foreclosures continue to rise, with more and more homes joining the long existing list of Hollywood foreclosures.
Since foreclosure affected homes are normally [...]

Pompano Beach Foreclosures – A Guide to Buying REO Homes

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Pompano Beach is continuing to witness an increase in foreclosed homes, and while this does not translate into good news for many home owners, many probable home buyers are viewing this period to be a good time to buy foreclosure affected homes.
A majority of the Pompano Beach foreclosures consist of homes that have been foreclosed [...]

Legal Aid Not Sufficient for Foreclosure Cases

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Legal aid attorneys are a great help in keeping foreclosure-troubled families keep their homes. There have been many cases where legal aid lawyers have helped prevent eviction cases.
Isabel and Juan Muneton, a couple who lived in a foreclosure-threatened apartment in Lawrence, was helped by a neighbourhood lawyer to stay in their home.
Unfortunately, not everyone has [...]

Before Purchasing a Foreclosed Home

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Foreclosures continue to increase while house prices start to deteriorate, making homebuyers save a lot of money on houses already acquired by lenders or banks. RealtyTrac.com reported that foreclosed homes were priced 25% below full house market value.
But a lot of these foreclosures belong to homeowners who invested only little. Some did not even have [...]

Yes to Foreclosure Relief, Says FDIC Chair

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FDIC Chair Sheila Bair’s hopes are still high for the use of Treasury bailout funds to aid homeowners at risk of foreclosures.
During her speech at Johns Hopkins University Carey Business School, Bair mentioned that the issue they are being faced with in their plans is whether the use of the funds to curb foreclosures would [...]

U.S. Military Veterans Facing New War with Foreclosures

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The current economic crisis has turned neighborhoods into apparent war zones with the number of vacant homes resulting from foreclosures. Only a few Americans are sheltered from the heavy bombardment that this crisis brings, but new veterans from the military are receiving the brunt of this attack from foreclosures.
Veteran’s organizations have reported several cases [...]