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2014-08-02 · The Foreclosure Epidemic Is Far From Over In These 5 Places The U.S. real estate market has rebounded nicely, but some areas are still suffering with underwater mortgages, delinquent loans, and foreclosures.
In New York City’s communities of color, the foreclosure crisis is far from over. Nine of the ten zip codes with the highest number of pre-foreclosure notices are neighborhoods of color. Nearly two-thirds (65.4%) of all notices sent to residents of NYC neighborhoods of color pertained to loans made between 2002 and 2007.
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Foreclosure crisis far from over for South Florida; Foreclosure bills face uphill climb; FORECLOSURES IN HOAs: GOOD BUSINESS? HOA Lawyer In Risky Business. While here in Florida the foreclosures don’t make the big headlines yet on a permanent basis, It has already started down South.
But over the past two Fridays, countless other students nationwide skipped school to. climate change but said the new.
Those who went into foreclosure during the housing crisis are still feeling. a for sale sign in front of a foreclosed home on in Miami, Florida, back in 2011.. at just $450,000, far below what the Landis owed on their mortgage.
For Some States, Foreclosure Crisis Is Far From Over. By. Joe Light.. In most of the country, the foreclosure crisis has abated. The percentage of loans that are delinquent but not yet in.
Weekly mortgage applications rise 3.6%, a sign of hope for the spring homebuying season Mortgage Applications jump 4.9 percent Amid Spring Buying Season. The refinance share of mortgage activity decreased to 37.6 percent of total applications, the lowest share since September 2008, from 38.4 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) remained unchanged at 4.66 percent.
Video: Foreclosure crisis far from over – Nomi Prins.. They will pay off lawmakers to sweep most of the foreclosure stink under the carpet. This will not stop the stink but, only hide it for a while. Now that! Is what the big bonuses on Wall street are for.
The CRL research also shows that the foreclosure crisis is far from over and runaway foreclosures continue to drain hundreds of billions of dollars in wealth from communities of color. An estimated 2.5 million foreclosures were completed from 2007 – 2009, and an estimated 5.7 million additional foreclosures are imminent.
Reverse mortgages, known as home-equity conversion mortgages, are available to homeowners over age 62 who want to tap into. In 2008, the height of the most recent housing crisis, foreclosure rates.
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