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December 19, 2014
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Tag: Homeowner


zampano!!! (CC BY-NC-ND 2.0)

California City Votes to Seize Underwater Mortgages

Richmond plans to use eminent domain powers to seize bad mortgages and resell them at property value to new mortgage holders, helping its residents get out from under massive debt. Whether it will work is a big question mark.

Posted on Sep 12, 2013 READ MORE


American Pipe Dream

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Posted on Apr 13, 2012 READ MORE



Flickr / respres (CC-BY)

Report: Freddie Mac Stacked the Deck Against Homeowners

A joint investigation by NPR and ProPublica has rustled up some disquieting trading practices on the part of Freddie Mac that suggest the taxpayer-run mortgage company hasn’t exactly done its darndest to help struggling Americans hold on to their homes—in fact, the opposite may be more the case.

Posted on Jan 30, 2012 READ MORE



niallkennedy (CC-BY)

Surging Foreclosures Benefit Home Investors

A sunken housing market has turned foreclosure auctions into feeding grounds for the vultures of American capitalism. Low prices mean plenty of available buildings to be bought, fixed up and sold at a profit. Meanwhile, suffering evictees are nowhere to be seen, except for the rare occasions when they show up to protest or bid on the homes themselves.

Posted on Jan 14, 2012 READ MORE



AP / Mark Lennihan

Home Sweet Wall Street

A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership.

Posted on Feb 16, 2011 READ MORE


Foreclosure exit sign
orlandorealtyexperts.com

Squatting as Civil Disobedience

As foreclosures continue to force Americans out of their homes, some advocacy organizations are getting creative, suggesting that homeowners refuse to leave their foreclosed houses and helping others move into vacated abodes—either openly or under the radar.

Posted on Apr 9, 2009 READ MORE


Foreclosure
Flickr/respres

Nationwide Foreclosure Rate Shoots Up 81% in 2008

We knew this news was bound to be bad, but we didn’t think it would be quite this grim: The number of American homeowners who faced foreclosure proceedings in 2008 passed the 2.3 million mark, an 81 percent increase over the previous year.

Posted on Jan 15, 2009 READ MORE


for sale sign
Flickr / sfadden

Housing Signs Point to More Market Woes

The housing market is continuing its descent into Slumpsville, judging by the way things have gone over the first quarter of 2008, and indicators don’t look good for the immediate future, either. American homeowners have been forced into foreclosure in record numbers this year and late payments have soared to a new high.

Posted on Jun 5, 2008 READ MORE


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