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Soldier in Iraq Loses Home Over $800 Debt | Mother Jones

Posted by admin in Uncategorized on 05 29th, 2010

Soldier in Iraq Loses Home Over $800 Debt | Mother Jones.

Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 house—and sold it for $3,500.



Rescuing nation’s foreclosure town - Slavic Village, Ohio… Video - CNN Business News.

Posted by admin in Uncategorized on 01 19th, 2010

Rescuing nation’s foreclosure town - Slavic Village, Ohio… Video - CNN Business News.  TEARING DOWN HOUSES AS THE SOLUTION?  WOW… GUESS YOU CANT EVEN GIVE AWAY HOUSES ANYMORE…



A FATHER’S FIGHT TO SAVE HIS FAMILY HOME FROM FORECLOSURE. - CNN iReport

Posted by admin in Uncategorized on 12 28th, 2009

A FATHER’S FIGHT TO SAVE HIS FAMILY HOME FROM FORECLOSURE. - CNN iReport.  SUCCESS!

AN INSPIRATION TO ALL HOMEOWNERS!  YOU CAN DO IT!  His answer?  Dont Give up!  HE DID IT!



Foreclosures Are More Profitable Than Loan Modifications, According To New Report

Posted by admin in Uncategorized on 11 29th, 2009

Foreclosures Are More Profitable Than Loan Modifications, According To New Report.

Mortgage companies are more likely to foreclose on homeowners than modify their loans because they make more money off foreclosures, argues a new report by a consumer advocacy group.



CSI: FORECLOSURE

Posted by admin in Uncategorized on 11 19th, 2009

Published: November 18, 2009

The coroner’s report left no doubt as to the cause of death: toxic loans.

A sign noting the takeover of Haven Trust. Regulators told the bank to reduce its risky loans, but the warning came too late.

That was the conclusion of a financial autopsy that federal officials performed on Haven Trust Bank, a small bank in Duluth, Ga., that collapsed last December.

In what sounds like an episode of “CSI: Wall Street,” dozens of government investigators — the coroners of the financial crisis — are conducting post-mortems on failed lenders across the nation. Their findings paint a striking portrait of management missteps and regulatory lapses.

via Mario Kenny.