I’m buying a newly built home, do I need title insurance? With the construction of a new home, special title problems for the lender and owner could occur. You are not the first owner of the property. There were probably many prior owners of the unimproved land. You don’t want problems or liabilities from previous …
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A former Countrywide employee is now behind bars and being forced to pay $1.2 million in restitution for stealing and dispersing confidential customer information, including social security numbers. U.S. District Judge Christina A. Snyder sentenced 39-year-old Pasadena resident Rene Rebollo Wednesday to eight months in prison and 10 months in a community corrections facility, according …
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Housing has become an industry afraid of its shadows. That shadow inventory of repossessed and soon-to-be repossessed homes has professionals from every side of the business worried about the impact such a sizeable volume of distress will have on property values and overall market fundamentals. But according to Standard & Poor’s (S&P), the obscurity hiding …
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Foreclosure sales declined for the second straight month, while foreclosure starts increased, according to HOPE NOW’s monthly mortgage industry data for May 2011. Foreclosure sales nationwide decreased 7 percent from 73,000 in April to 68,000 in the month of May, according to HOPE NOW’s data. Foreclosure starts increased 8 percent from 163,000 in April to …