Archive of posts tagged mortgaged

Foreclosure rates dropping in California

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California had the third biggest decrease among U.S. states in the number of homes in some stage of the foreclosure process, CoreLogic reported. As of February, 2.4 percent of the California homes with a mortgage, or about 160,000 households, faced the possibility of foreclosure. That’s down 0.6 of a percentage point from January of last …

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How Much Should You Borrow for a Home Loan?

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According to a 2011 report issued by CoreLogic, roughly 23.1 percent of mortgaged homes were underwater – worth less than the amount mortgaged – in the fourth quarter of 2010. If you are one of the lucky 75 percent of homeowners with some equity, then you might be considering taking out a loan in order …

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