Foreclosures

Is Bank of America’s Loan Forgiveness Program One Big Joke?

By Joanna England / May 15, 2012 /

Thousands of homeowners underwater on their Bank of America mortgages could receive one of the 200,000 letters the bank is sending out offering partial loan forgiveness. According to Bankrate.com, BofA borrowers have to clear a pretty significant series of hurdles in order to qualify for the “principal reduction program”

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What President Obama Will Say About Housing in Tomorrow’s State of the Union Addy: Not Much

By Candy Evans / January 23, 2012 /

He’s got himself in a real pickle. The President has been ineffectual in resurrecting the housing market from the crash he (to be fair) inherited in 2008 over four years in office! As Stacy Kaper reports in The National Journal, he won’t mention housing much because he has so little to brag about. He and his team…

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Guess Who Has The Biggest Glut of Foreclosures NOW? Chicago!

By Candy Evans / July 8, 2011 /

Boarded up brownstones in Cicero I never thought I’d see the city of my birth blow out Miami and Phoenix when it comes to having the most foreclosures in the nation right now, but Chicago takes the cake. Almost 119,000 homes in foreclosure. The problem: those stubborn banks are not letting go. This, of course,…

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Free House: Foreclosure Glitch in Homestead States Could Mean The House Is All Yours

By Candy Evans / March 24, 2011 /

Free house, anyone? Or how to save on real estate big time. You’ve got to read this story by my colleague Sheree Curry and chime in — hope I get it straight: a couple in Iowa made one payment on their $278,000 home and then went to see a bankruptcy attorney about letting the house…

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Real Estate News: Worst Foreclosure Interior Nightmare Ever

By Candy Evans / February 4, 2011 /

You won’t believe this. I have been in some pretty raunchy foreclosures, but this truly takes the cake. And ew, what is that spotted black stuff all over?

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