Investors squeezing out homebuyers by paying cash

by Steve February 25, 2010 Foreclosure

Melissa Hughett and her husband set out to buy their first home in the best buyer’s market in years, confident they would land a deal within a few months.
The couple put offers on several homes, but lost them all to rivals who weren’t offering more money – just a lot more cash.
“Each time somebody came [...]

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Government and lenders need to be more aggressive in helping beleaguered homeowners

by Steve February 24, 2010 Foreclosure

From the LA Times

Three years have passed since the housing bubble burst, and yet the number of mortgage defaults and foreclosures continues to increase. RealtyTrac tallied up a record 2.8 million homes that received at least one foreclosure notice last year, and predicted that 4.5 million would go into foreclosure this year. If so, that [...]

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CNN Foreclosure News Lenders Must Now ‘Produce The Note’

by Steve February 23, 2010 Foreclosure

CNN Foreclosure News Lenders Must Now ‘Produce The Note’ For more info call 818-642-8524 With foreclosures rising over 158% year after year, CNN’s Greg Hunter shares a tactic that could very well save your home… “In foreclosure, the bank has to show that it owns your house, and what most people don’t know is that [...]

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