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Foreclosure - Page 19 - Strategic Real Estate Coach

Repossession Hell: 5 Extremely 'Wrongful' Foreclosures

Tag: Foreclosure

Repossession Hell: 5 Extremely 'Wrongful' Foreclosures

From: The Week A Pittsburgh woman is claiming that Bank of America wrongfully foreclosed on her home, and in so doing ransacked her possessions, cut her power lines, padlocked her doors, and confiscated her pet parrot. Angela Iannelli, 46—who was away when repo men allegedly made off with her beloved blue macaw, Luke—says she's still […]

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Homeowners Facing Foreclosure Take Own Lives

Note: We are saddened to hear of stories such as this, where homeowners are so desparate and feel there is no way out of a terrible situation. By learning how you can help those facing foreclosure, you can make a difference and offer possible solutions. PHILADELPHIA (CBS 3):  The foreclosure crisis in Philadelphia is now […]

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Housing Stall Threatens Economy

Stall in housing market threatens economy Fed ending program that has held mortgage rates down may also hurt From: MSNBC.com - By Alan Zibel WASHINGTON - The recovery in the housing market is at risk of collapsing.  Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go […]

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BOA to Reduce Principal on Underwater Mortgages

Bank of America to Start Reducing Principal on "Underwater" Mortgages By Ieva M. Augstumms, The Huffington Post CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to […]

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Relief for 170,000 Troubled Homeowners

Mortgage help: 170,000 get permanent aid By Tami Luhby, senior writer CNN Money NEW YORK (CNNMoney.com) -- More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program. Some 15.5% of those who entered the program have gotten long-term adjustments through […]

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Are You Shaking The Money Tree?

Take a minute to sit and think about how many different ways YOU can profit from real estate. It’s mind blowing really. Honestly, it often feels like there are too many. When I first got started I felt lost and confused. I didn’t know what deals I wanted to go after. I got paralyzed and […]

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Lost Profits and Mike Tyson

Tell me if any of this sounds familiar: 1. You negotiated a great short sale discount. You can buy it for $221,500 and have it sold for $264,000. The “C” buyer is getting a conventional loan. The “C” lender says the seller must be the owner of record and hold the property for 30 days. […]

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Weekly Kick-Off!

March 15, 2010 - This Week’s Topics: • Freddie and Fannie Bounce Mortgages Back to Banks • Unfinished Construction Offers Investors Another Opportunity to Profit • Builders Look to Prosper from Hidden Transfer Fees • Pittsburgh, Louisville Top List of Best Housing Markets • The American Culture of Homeownership • 30-Year Fixed Mortgage Rates Fall […]

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Banks Prey on Distressed Homeowners

Some of the nation’s largest banks including Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and Citigroup’s Citi Mortgage division (NYSE: C) have been accused of finding unethical ways of making money from distressed homeowners who are trying to avoid foreclosure, including allegations that banks are making illegal requests for up-front cash payments […]

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The long and short of short-selling homes

By Sean Sposito/The Star-Ledger February 17, 2010, 6:00AM ED MURRAY/THE STAR-LEDGER Goldie Sommer, a real estate attorney who has overseen more than 250 short-sale deals in the past two years, does research at her office in Fairfield. Record high unemployment has put some borrowers in jeopardy of losing their homes. They are considering refinancing, home […]

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