Hidden Backlog of Foreclosures What worries Khater more are states where sharply rising unemployment is coupled with many homeowners who already owe more than their houses are worth. He points to.
· If you’re thinking about buying a foreclosure property in Florida, we’ve got some good news. Foreclosures are like hidden gems. Not many people understand the nuances of purchasing them, but once you do, it’s like hitting the jackpot.
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This blogger last week said basically the same thing, citing an array of reports from which he argues that there is a hidden backlog of foreclosures. Obviously the present crisis is all about debt.
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causing a decline in the foreclosure-related notices sent to households last month. Banks also have been letting borrowers who have missed payments stay in their homes longer so they can delay adding.
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Of course the actual foreclosure rates are very hard to predict. Government moratoriums have effectively created a hidden backlog of foreclosures that one day have to be dealt with. There are also more warning sign of homeowners under duress emerging as fewer are catching up on lapsed mortgages.
The race for New Orleans mayor began to heat up over the weekend as former Judge Desiree Charbonnet attacked rival City Councilwoman LaToya Cantrell’s plan to use inmates to help the city with its.
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Former Miami DCF investigator arrested for falsifying records Two children in hernando county lived, for a time, with a grandfather who had been arrested. false records, workers time and again complained that they had been assigned too many children to watch,
Short sales can be time-consuming. Depending on the lender’s backlog of short sales, the process can take up to 12 months. What is a foreclosure? Unlike a short sale, a foreclosure is initiated by the lender. In foreclosure, the homeowner has defaulted on their loan and the ownership of the home reverts to the bank or lender.