2 Articles match "Auctions","Illinois","Sales"

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FBI: Mortgage Fraud Begets Foreclosure
The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
in Illinois. “We’re in the worst housing recession in modern history,” Antonio B. Sales of new homes have suffered the biggest decline since records began in 1963. New-home sales plunged 26.4 To move the glut of unsold inventory quickly, some builders are staging flashy promotions, slashing prices and throwing 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
READ MORE
  • The Best from RealtyTrac MORE
  • Now Homebuilders Face Foreclosure
    in Illinois. “We’re in the worst housing recession in modern history,” Antonio B. Sales of new homes have suffered the biggest decline since records began in 1963. New-home sales plunged 26.4 To move the glut of unsold inventory quickly, some builders are staging flashy promotions, slashing prices and throwing 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
    READ MORE
  • FBI: Mortgage Fraud Begets Foreclosure
    The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE