From eagletribune.com
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Future In Foreclosure
This is a place to share our success of bringing people out of their foreclosure situations and the personal success of the consultants that help them.
First, the good news: Foreclosures across the state and the Merrimack Valley are on a downward trend.
Now, the bad news: Foreclosure petitions, the first step in the process of taking somebody's home — and a hint of what the future may bring — are way up.
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The number of distressed borrowers in Florida with mortgages owned or serviced by CitiGroup (C: 4.18 +3.21%) that benefited from foreclosure prevention efforts outnumbered borrowers who were foreclosed on 16 to one during Q309, the bank announced.
That’s up from a ratio of six to one in Q308 for the portion of Citi’s $750bn portfolio of [...]
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From housingwire.com
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The city of Philadelphia has a new (some say innovative, some say ineffective) system to help homeowners on the verge of foreclosure, reports The New York Times. Philly's civil court adopted rules last year that declared that "no owner-occupied...
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From feedburner.com
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In a trend that began a few months ago, more Bay Area homeowners in October received a foreclosure notice compared with a year ago while foreclosed homes taken back by banks declined in response to the rollout of loan modification programs.
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From extras.mnginteractive.com
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Based on press release of Sept 9 2009 on Obama's Making Home Affordable Program or HAMP Lenders are not playing by the rules on Loan Modifications.
Homeowners facing foreclosure got letters from Indymac, part of OneWest Bank that highlight the problem.Contributor: Mrs. M.Published: Nov 15, 2009
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From associatedcontent.com
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Loan modifications are in a race with foreclosures. Homeowners are finding that Obama's HAMP, Home Affordable Modification Program, is not working when it comes to loan mods. A few success stories. Are lenders, like IndyMac, cherry picking loan mods?Contributor: Mrs. Mon E. PennyPublished: Nov 18, 2009
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From associatedcontent.com
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ALBANY -- The state Legislature has passed a bill that will give New York state homeowners and renters more protection during foreclosures.
It will expand the mandatory 90-day pre-foreclosure notice to all types of home loans -- not just subprime...
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From cbs6albany.com
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