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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1] [2]
Waco. Total housing units: 50,108 % of mortgages 30-89 days delinquent: 1.0% % of mortgages 90+ days delinquent: 0.7% % of homes for sale that are/have been foreclosures: 9.17% Homeowner vacancy ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1] [2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank ...
The 2000s United States housing bubble or house price boom or 2000s housing cycle [2] was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 ...
October 10: US Government and private industry created Hope Now Alliance to help some sub-prime borrowers. October 15–17: A consortium of U.S. banks backed by the U.S. government announced a "superfund" or "super-SIV" of $100 billion to purchase mortgage-backed securities whose mark-to-market value plummeted in the subprime collapse.
Earlier this month in Memphis, Tenn., a woman claiming to be a Moorish American was arrested after allegedly breaking into and squatting in a $3.1 million mansion, Memphis TV station WHBQ reported ...
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