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 News 
Tuesday, 29 April 2008

Welcome everyone!

Given the current market, the unbelievable credit crunch, limited mortgage lending, economic downturn, and ultimately everything that's going wrong with the US economy, it is time to shine in the foreclosure business!

This is one of those times when real estate moguls are made! 5 years from now, you're going to pat yourself on the back for taking advantage of this opportunity, or you're going to be like many others kicking themselves for not buying any real estate during one of the worst declining markets in history!

We are here to help make the process easier, smoother, and ultimately more lucrative for you! Whether you are purchasing your own home, upgrading your home, buying a vacation home, or investing, we'll make the search and acquiring process much easier.

Each property included on our tour has a minimum of 40% equity based on valid comparables. At most cases you are buying a property for half price! How about a single family home with 3 bedrooms at $65,000?? That's a great deal anywhere, especially when the market value is $245,0000.

Check us out, you can't go wrong!    
Avi.

POSTED BY: Avi AT 10:01 am   |  Permalink   |  E-mail this
 foreclosures - Google News 

Bloomberg

States With Highest Foreclosure Rates Among Bank Deal Holdouts
BusinessWeek
8 (Bloomberg) -- California, New York, Nevada, Florida and Massachusetts are among the states that haven't signed off on a settlement with banks over foreclosure abuses, according to state officials and two people familiar with the talks.
More US states to join foreclosure-abuse dealWall Street Journal
Michigan agrees to foreclosure settlementThe Detroit News
Nationwide foreclosure pact gains momentumCBS News

all 778 news articles »

Bloomberg

Editorial: Foreclosure fraud demands justice and reparations
STLtoday.com
Nearly 4 million American families have lost their homes to foreclosure since early 2007. Another 28 percent of the nation's 45 million outstanding residential mortgages are under water, meaning homeowners owe more than the houses are worth.
Banks See Paying Bonus to Troubled Homeowners Beats Foreclosure: MortgagesBloomberg
Banks pay owners a bonus to avoid foreclosuresThe News Journal
Banks Paying Homeowners Up To $35000 To Sell Houses, Avoid Foreclosure: ReportHuffington Post
Money Morning -Reuters
all 69 news articles »

Foreclosure counselors to visit Long Island
Wall Street Journal
AP ALBANY, NY — State foreclosure counselors are hitting the road to help homeowners at risk of losing their homes. The Department of Financial Services says its statewide effort to stem foreclosures is starting in Suffolk County on Thursday.

and more »

Bloomberg

Proposed settlement with banks over foreclosure practices dealt a setback
Washington Post
New York Attorney General Eric Schneiderman abruptly called off a news conference at which he could have provided a crucial endorsement of a proposed settlement with some of the nation's biggest banks over shoddy foreclosure practices.
Faulty Loans Top $72 Billion as Banks Seek Legal Deal: MortgagesBusinessWeek
Several states hold out, one leaves $25B mortgage settlement talksAGBeat

all 14 news articles »

KMOX.com

Company Faces Forgery Charges in Mo. Foreclosures
New York Times
One of the largest companies that provided home foreclosure services to lenders across the nation, DocX, has been indicted on forgery charges by a Missouri grand jury — one of the few criminal actions to follow reports of widespread improprieties ...
CSI Missouri: A "Robo-Signing" Indictment in the Show-Me StateHuffington Post
DocX faces forgery charges over foreclosuresmsnbc.com
Missouri Grand Jury Hands Up Major Indictment Following Robo-Signing ScandalRiverfront Times (blog)
Columbia Missourian -Kansas City Business Journal (blog) -KSDK
all 60 news articles »

Deseret News

Arizona close to settling Bank of America mortgage-fraud suit
Arizona Republic
The national deal would settle allegations of bad foreclosure practices by the banks that cost thousands of borrowers their homes. "We expect to settle with BofA in the next day or two so we can then join the national settlement," Horne said.
More US states join foreclosure abuse dealDeseret News

all 12 news articles »

Los Angeles Times

A foreclosure deal worth taking
Los Angeles Times
The deal covers only civil actions by the states related to the issuance and servicing of loans, including foreclosures. It doesn't bar individual borrowers or the federal government from filing suit over predatory lending; it doesn't stop prosecutors ...

and more »

O.C. foreclosures for sale at 20-month low
OCRegister
Steve Thomas of ReportsOnHousing.com publishes every two weeks a report on the supply of local homes for sale and the share of that inventory that's distressed properties -- foreclosures and short sales. His latest report -- as of February 2 -- says …

and more »

Foreclosures at the high end increase across the Bay Area
San Jose Mercury News
High end foreclosures have increased over the past couple years, as the poor economy finally catches up with formerly affluent folks who have exhausted their resources and can no longer afford their mortgages. (Dan Honda/Staff) The housing crisis, ...
Foreclosures at the High End IncreaseLoanSafe

all 15 news articles »

Arizona Capitol Times

Democratic lawmakers offer bills addressing foreclosure crisis
Arizona Capitol Times
Anna Tovar, D-Tolleson, is one of several Democratic lawmakers offering bills intended to address Arizona's foreclosure crisis. (Photo by Emily Johnson/Cronkite News Service) Allowing owners of foreclosed homes to remain as renters for at least a year ...

and more »
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