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Foreclosure News

Foreclosures news continually updated from thousands of sources around the net.

1 hr ago | Housing Wire

California man found guilty in $5.8 million mortgage fraud scheme

Alan David Tikal, 46, of Brentwood, California, was convicted yesterday on 11 counts of mail fraud and one count of money laundering in a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners. According to evidence presented at a one-day bench trial, Tikal operated a business known as KATN and falsely claimed to be a registered private banker between January 2010 and August 2013.

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Related Topix: Brentwood, CA, Home, Mortgage, Personal Finance

4 hrs ago | Patch.com

Home Loan Rescue Program Adds $5 Million to Oakland Property Values

A program backed by the Troubled Asset Relief Act has helped more than 550 Oakland County residents remain in their homes. A program that helps Oakland County homeowners pay off delinquent property taxes, interest and fees just received its five-millionth dollar, according to a news release.

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Related Topix: Oakland County, MI, George Bush, W., Home, Mortgage, Personal Finance

4 hrs ago | JD Supra

Foreclosure of DC Condominium Association's Lien for Unpaid...

The District of Columbia's condominium "super-priority lien" law grants super-priority to condominium association liens for up to six months of unpaid assessments. The super-priority lien law does not specify what happens when the condominium association forecloses and the proceeds of the sale are insufficient to pay the first deed of trust.

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Related Topix: Washington DC, Home, Mortgage, Personal Finance

7 hrs ago | KSFY

Lakewood Mall in Aberdeen has new ownership

Foreclosure of a business can concern many people, foreclosure of an entire mall can concern even more. It's been 9 months since a Delaware Mortgage company foreclosed on the Lakewood Mall in Aberdeen, but since Thursday it is under new ownership.

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Related Topix: Personal Finance, Mortgage

11 hrs ago | ABC15.com

Woman duped in trying to refinance home loan

Severe Thunderstorm Warning issued September 16 at 3:29AM MST expiring September 16 at 4:15AM MST in effect for: Maricopa Areal Flood Advisory issued September 16 at 3:19AM MST expiring September 16 at 7:15AM MST in effect for: Maricopa Flash Flood Watch issued September 15 at 2:47PM MST expiring September 18 at 6:00PM MST in effect for: Gila, La Paz, Maricopa, Pinal Flash Flood Watch issued September 15 at 2:54PM MST expiring September 18 at 6:00PM MST in effect for: Apache, Coconino, Gila, Navajo, Yavapai PHOENIX - Sibyelle Freiwald tried for a long time to get her home loan refinanced. "I've tried with different companies.

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12 hrs ago | JD Supra

N.C. Supreme Court Issues Significant Ruling On Commercial...

On August 20, 2014, the North Carolina Supreme Court issued an opinion giving great weight to properly-drafted forbearance agreements in a commercial loan and guaranty context. RL REGI N.C., LLC v.

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Related Topix: Wilmington, NC, Economics News, Bankruptcy

16 hrs ago | Hispanic Business

Supreme Court focuses on foreclosures

THE SUPREME Court will on Tuesday begin hearing arguments for and against the president's refusal to sign off on four bills related to repossessions legislation. President , after having refused to sign them into law on the grounds that they are unconstitutional.

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Mon Sep 15, 2014

RecordNET

S.J. County foreclosures drop sharply

Foreclosure activity in San Joaquin County dropped sharply in August, falling nearly one-third from July and more than 50 percent from August 2013, real estate data firm RealtyTrac Inc. recently reported. It tallied a total 205 foreclosure related filings - notices of default, trustee sales or bank repossessions - in August for the county, compared to 300 such filings in July and 458 a year ago.

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Related Topix: August, CA, San Joaquin County, CA

American Reporter

Momentum10 Reasons Why Jim Douglas Must Go

I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply involved in subprime lending.

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Related Topix: Financial Services, Fannie Mae, Home, Mortgage, Personal Finance, Freddie Mac, Financial Markets

WXMI-TV Grand Rapids

Kalamazoo mother loses home over one missed property tax payment

It's been a rough couple of years for Deborah Calley, who's overcome physical and mental obstacles, following a devastating car accident. The crash happened in 2008, leaving Calley with several injuries to her arms, wrists and neck.She said she had four big bruises on her brain, and says doctors were surprised that she doesn't have permanent brain damage.

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Related Topix: Kalamazoo, MI, Richland, MI, Home, Mortgage, Personal Finance

Investopedia

Purchasing A Short-Sale Property

When shopping for a home, you may notice that certain listings are labeled as short sales , short pays or pre- foreclosures . All of these terms mean the same thing: the seller is upside-down on his or her mortgage and is attempting to negotiate a deal with the lender in the hope of avoiding foreclosure.

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Related Topix: Home Listing, Home, Mortgage, Personal Finance

Wall St. Cheat Sheet

7 States Leading the Rebound in Foreclosure Activity

While various aspects of the housing market have gradually improved from the trough of the financial crisis, foreclosure activity continues to remind us that the recovery is a painfully slow process. The number of foreclosure filings in the United States reached 116,913 in August, up 7 percent from the previous month, according to a new report from RealtyTrac.

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Related Topix: Personal Finance, Mortgage

Business Journal

Orlando home sales down, median price up in August

Orlando-area home sales declined in August while the median price continued to trend upward - albeit at a slower pace, the Orlando Regional Realtor Association reports.

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Related Topix: Orlando, FL, Housing, Real Estate

Investopedia

Falling Giant: A Case Study Of AIG

What was once the unthinkable occurred on September 16, 2008. On that date, the federal government gave the American International Group - better known as AIG - a bailout of $85 billion.

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Related Topix: Insurance, American International Group, Economics News, Bankruptcy, Home, Mortgage

Dr. Housing Bubble Blog

SoCal housing market so hot, sellers finding the need to cut prices:...

SoCal housing market so hot, sellers finding the need to cut prices: One third of sellers in Orange County have found the need to cut asking price. While the heat wave continues in SoCal drawing out the summer, there is little momentum from the 2013 real estate bonanza.

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Related Topix: Weather, Natural Disasters, Heat Wave, Home Listing, Home

Sun Sep 14, 2014

Cleveland Daily Banner

Cranfield joins team at RE/MAX

Kim Cranfield has recently joined the sales team at RE/MAX Real Estate Professionals in Cleveland, according to Chuck Jones, broker/owner. "Kim is a much welcomed addition to our RE/MAX Real Estate Professionals family.

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Related Topix: Cleveland, TN, Bradley County, TN

Daily Camera

Boulder County foreclosures: Sept. 15, 2014

Properties sold at the Boulder County Public Trustee foreclosure auction for Sept. 10, 2014.

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Related Topix: Boulder County, CO, Glenwood Springs, CO

The Miami Herald

Rebounding market provides confidence for more affordable housing options

Nationwide, pending home sales have risen in four of the past five months. In Broward County, we see a similar model of confidence in the housing market.

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Related Topix: Housing, Home Listing, Home, Real Estate, Mortgage, Personal Finance

The Motley Fool

Your House Could Lose Value, But It May Be a Good Thing

Generally speaking, fall is slower than summer for real estate in the U.S. With kids off from school and weather more conducive to house-hunting, summer is the most practical time for many families to move, so it's no surprise that roughly half of all home sales take place during that season. However, one factor that we haven't had to deal with for a few years could boost home sales this fall.

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Related Topix: Home Listing, Home, Housing, Mortgage, Personal Finance

Dallas Morning News

Pinched consumers going on saving spree, looking for deals

The recession forced many people to change their ways as nearly 9 million Americans, including more than a half-million Texans, lost their jobs and home foreclosures hit record highs. Now, five years after the recession ended, the economy appears to be improving, but middle-class consumers still haven't bounced back.

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Related Topix: Texas, Marketing, Baylor University

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