Advertisements informing the public about the independent foreclosure reviews underway at 14 servicers hit the presses and the radio airwaves Wednesday. Released by the Office of the Comptroller of the Currency (OCC), the advertisements inform the public that those who underwent foreclosure in 2009 and 2010 might be eligible for an independent review if there …
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RealtyTrac has released its year-end 2010 foreclosure sales report, which shows that foreclosure homes accounted for nearly 26 percent of all U.S. residential sales last year, down from 29 percent of all sales in 2009 but up from 23 percent in 2008. The tracking firm defines a foreclosure sale as the sale of a property …
Legislation intended to stem the continuing tide of home foreclosures was brought to both houses of Congress in January. Rep. Dennis Cardoza, D-Atwater, re-introduced a bill that would make it easier for home owners to refinance existing mortgages to net more manageable monthly payments. He proposed this bill, called the HOME Act, in 2009. Last …
Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, the National Association of Realtors (NAR) reported Wednesday. Sales of previously owned homes rose 5.6 percent last month to a seasonally adjusted annual rate of 4.68 million, according to the trade group’s market study. That follows a …
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