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The improving real estate market is helping banks get problem loans off their books. Portfolios of distressed, bank-owned properties ballooned during the…
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Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.
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There were 4,571 foreclosure filings during the first quarter of this year compared to 7,785 during the first quarter of 2012. That’s a 41 percent…
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Colorado’s housing market is off to a strong start this year, with foreclosure filings in the first month down 25 percent from January of 2012. That's the…
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Foreclosure auctions sales in Colorado were down nearly 19 percent last year compared to 2011. There were 15,903 foreclosure auctions sales in 2012 down…
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Andre Barbosa had been been living in the 7,200-square-foot home with an ocean view since December. After consulting with the state attorney, police decided he was trespassing.
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As much of the country enjoys the start of a housing recovery, Florida is still being swamped by foreclosures. Experts blame the state's legal process, and they say it will be awhile before the housing market is fully rebuilt in the Sunshine State.
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Some of the biggest banks in the country have agreed to pay more than $18 billion to settle allegations of wrongdoing in their mortgage lending. And in a separate settlement, 10 banks agreed to pay more than $8 billion to settle claims they made errors in foreclosing on people's homes.
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Most lenders require borrowers to wait seven years before securing a new mortgage after losing a home to foreclosure. But in the wake of the housing crisis, millions of families have a recent foreclosure on their record — and some are finding ways to buy a new home in as few as three years.
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And they're rising in many states where it's hard to foreclose. States face a tradeoff between protecting homeowners and getting through the foreclosure crisis.