Loan Modification Processing News & the Devastating Foreclosure Market | mortgage loan While observers, participants and policymakers have overwhelmingly come to the conclusion that no one factor is to blame for the current crisis, the precipitating event was the collapse of the.
For the 12 months ended in June, the Tampa Bay area led the nation in completed foreclosures with 16,750 homes taken back by the lender or sold at auction. However, that was 13 percent fewer than.
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HUD’s Federal Housing Administration (FHA) has helped millions of American unlock the door to homeownership and have a home of their own. We do it by making home buying easier and more affordable. One way we can do this is by selling homes HUD owns at.
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If the statistics are to be believed: “strategic default” – the act of voluntarily walking away from one’s mortgage – is now becoming quite fashionable. According to the latest estimates, more than 30% of foreclosures are strategic defaults, compared to 20% in 2009. However, the calculus of “strategic default” is changing, such that you need to think twice before jettisoning your.