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Ingham County MI anticipates drop in foreclosures

03/04/2010
By Carol Hines
Ingham County MI anticipates drop in foreclosures

Drop in sheriff’s deeds filed in Ingham County, Michigan, may indicate less foreclosures in housing market There’s a bright spot in Ingham County’s housing market. New numbers show sheriff’s deeds, an early indicator of foreclosures, went down last year. In 2009 there were 1,700 sheriff’s deeds filed. That’s down slightly from more than 1,800...
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North Carolina foreclosure filings continue to rapidly climb

03/03/2010
By Carol Hines
North Carolina foreclosure filings continue to rapidly climb

Foreclosures filings in North Carolina continued to climb rapidly to a new annual high in 2009 Experts at the North Carolina Justice Center are calling for a stronger State and Federal response to the continued increase in foreclosures. According to records maintained by the North Carolina Administrative Office of the Courts (AOC), foreclosures filings...
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Government HAMP program may force you into a short sale or deed in lieu

03/01/2010
By Carol Hines
Government HAMP program may force you into a short sale or deed in lieu

HAMP program rejects will be required to offer home as short or deed in lieu Those homeowners who cannot qualify for a loan modification, or who “blow it” while on a trial program and simply don’t get a permanent change are in fact required to offer short sale or “deed in lieu” alternatives when...
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Ohio homeowner bulldozes home before RiverHills Bank can foreclosure

02/26/2010
By Carol Hines
Ohio homeowner bulldozes home before RiverHills Bank can foreclosure

Ohio homeowner, Terry Hoskins, said he’s been in a struggle with his bank, RiverHills Bank, over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home. “When I see I owe $160,000 on a home valued at $350,000,...
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Tennessee county officials sue Wells Fargo over foreclosure mess

02/24/2010
By Carol Hines
Tennessee county officials sue Wells Fargo over foreclosure mess

TN Memphis and Shelby County leaders have filed a federal lawsuit against Wells Fargo County leaders claim the company’s lending practices have violated the Fair Housing Act and “wreaked havoc” in Memphis and Shelby County. Memphis Mayor A C Wharton said homeowners are not the only ones who feel the loss during a foreclosure,...
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Nationwide more than 6,600 homes go into foreclosure daily

02/22/2010
By Carol Hines
Nationwide more than 6,600 homes go into foreclosure daily

In 2009 the number of foreclosures skyrocketed Nationwide, more than 6,600 family homes are lost to foreclosure every day, according to the National Association of Consumer Bankruptcy Attorneys (NACBA). More than 8,000,000 American homes are expected to be lost to foreclosure over the next five years. By the end of the first quarter, one...
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Philadelphia mediation program designed to stop foreclosures

02/16/2010
By Carol Hines
Philadelphia mediation program designed to stop foreclosures

Philadelphia introduced an aggressive mediation program Philadelphia introduced an aggressive mediation program in April 2008 by instructing the city sheriff to stop the foreclosure of hundreds of homes. “We literally pulled homes off the sale block,” said Court of Common Pleas Judge Annette Rizzo, who led the effort. The program, run by the court...
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