1 Articles match "Atlanta","Balance","Illinois"
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The Latest from RealtyTrac
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Now Homebuilders Face Foreclosure
in Illinois. “We’re in the worst housing recession in modern history,” Antonio B. Hovnanian Enterprises in New Jersey, Beazer Homes in Atlanta, William Lyon Homes in Newport Beach, Calif., Many of these homebuilders have lost more than 80 percent of their stock value — and have reported hundreds of million in losses to their balance sheet. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
|
MORE
|
-
Now Homebuilders Face Foreclosure
in Illinois. “We’re in the worst housing recession in modern history,” Antonio B. Hovnanian Enterprises in New Jersey, Beazer Homes in Atlanta, William Lyon Homes in Newport Beach, Calif., Many of these homebuilders have lost more than 80 percent of their stock value — and have reported hundreds of million in losses to their balance sheet. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
