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Some states still struggling with high foreclosure rates

Posted on August 5th, 2015 No Comments

Some states still struggling with high foreclosure rates

According to real estate data company RealtyTrac, the country is continuing to slowly recover from the housing crisis several years ago, USA Today on July 19 reported. In the recent report by RealtyTrac, the company identified Florida as having the highest amount of foreclosures, although its numbers have improved by 22% in 2014. The state of […]

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Reduced foreclosure levels felt in Ohio in 2014

Posted on June 30th, 2015 No Comments

Reduced foreclosure levels felt in Ohio in 2014

Recent numbers indicate that Ohio’s foreclosure rate has decreased significantly, and lower rates have not been seen for over a decade, according to the Public News Service on June 8. In the data collated by the researchers of “Policy Matters Ohio,” it was revealed that the state-wide foreclosure rate in 2014 was down by 18 […]

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House of late football star’s former spouse threatened by foreclosure

Posted on May 21st, 2015 No Comments

House of late football star’s former spouse threatened by foreclosure

The home of late Dallas Cowboys football star Bob Hayes’ ex-wife, Altamease Hayes, is being threatened with foreclosure, a May 5 article of WFAA 8 reported. Reports revealed that Altamease Hayes was allowed to postpone her home’s foreclosure for 30 days to find a workable solution to save her longtime property. Initially, the 1,700 square foot […]

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Report: US foreclosure activity considered the lowest since 2006

Posted on April 6th, 2015 No Comments

Report: US foreclosure activity considered the lowest since 2006

Data collected in February by real estate firm RealtyTrac revealed that homes in various parts of the foreclosure process have decreased in number by 4% since the month before and a full 9% from this time last year, Realty Biz News reported on March 23. There were 101,938 houses nationwide in different stages of foreclosure […]

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Homes with bigger mortgages experience increased foreclosure

Posted on March 16th, 2015 No Comments

Homes with bigger mortgages experience increased foreclosure

Though the U.S. housing market is continuing to recover from a foreclosure crisis, recent data from CoreLogic revealed that foreclosures of wealthier homes have increased, The Wall Street Journal stated on March 5. According to the data, as the national foreclosure rate at the end of 2014 has been reduced to 1.4 percent, foreclosure rates have increased by 2.5 […]

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U.S. felt a 5% foreclosure rate increase in January

Posted on February 25th, 2015 No Comments

U.S. felt a 5% foreclosure rate increase in January

A 5 percent foreclosure rate increase was felt in the U.S. last month according to real estate data provider RealtyTrac, a February 12 Business Insider article stated. RealtyTrac said that last month’s increase was fueled by a recent jump in houses repossessed by banks; 37,292 properties have been repossessed nationwide. The number of homes headed […]

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Tips on recovering from foreclosure

Posted on February 3rd, 2015 No Comments

Tips on recovering from foreclosure

Fox News offered some tips on January 23 about how to recover after experiencing the stressful process of foreclosure. • After a foreclosure, people may initially improve their credit by using it responsibly enough to impress potential lenders. Homeowners with high credit scores before foreclosure may struggle more to get their credit back to their previous point. Despite […]

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Jermaine Dupri’s mansion in Atlanta lost to foreclosure

Posted on December 29th, 2014 No Comments

Jermaine Dupri’s mansion in Atlanta lost to foreclosure

Atlanta-based rap artist Jermaine Dupri recently lost his mansion to foreclosure for failing to pay over $2 million worth of mortgage, an article by WSB-TV 2 stated on December 11. The 42-year-old rapper and producer reportedly had unpaid monthly payments that totaled $2.5 million on his 9,441 square-foot mansion in Fulton County. A legal notice stated […]

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15% rise in foreclosure activity in October

Posted on December 3rd, 2014 No Comments

15% rise in foreclosure activity in October

An increase of 15 percent in foreclosure filings was observed nationwide last month, an article of the National Mortgage Professional stated on November 13. According to real estate information firm RealtyTrac though a foreclosure rise was felt last month, the numbers is still reduced by 8 percent compared to year 2013. Last October there were […]

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Rapper paid $250K to avoid foreclosure

Posted on October 27th, 2014 No Comments

Rapper paid $250K to avoid foreclosure

American rap artist DMX settled $250,000 with Compass Bank to save his Mount Kisco home from foreclosure, the Chicago Defender reported on October 19. The rapper, whose real name is Earl Simmons, 43, made the settlement in response to a lawsuit filed against him by Compass Bank. DMX was sued by the bank in 2013 for […]

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