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Commercial property up in 2011
involving commercial properties in rose 10 percent last year, another sign that many office buildings, shopping centers and warehouses still have a way to go to recover. Lenders and loan servicers filed 1,586 ... Read more



Homeowners in limbo as mortgages go unpaid, drag on
Almost three years after she last paid the mortgage, Linda Ganguzza remains in her New Milford home — one of thousands of troubled homeowners caught in a drawn-out process. "I have no idea where I stand, how much longer ... Read more



expected to reach second, smaller peak in 2012
locally and in declined in 2011, which should be welcome news for a residential property market weakened by the availability of distressed homes. But much if not most of the improvement came from court-required delays in ... Read more



From Bad To Worse: Nevada Only Half Way Done
According to the report's interactive map, the top five states in their share of mortgages at risk of , are Florida, with 17.4%; Nevada with 13.4%; New York with 9.8%; with 9.7%; and Mississippi with 9.6%. The map allows you to see ... Read more



Properties Decline to 20% of Home Purchases in U.S.
Pre- deals increased 68 percent from a year earlier in Michigan, 44 percent in North Carolina, 43 percent in Ohio and 35 percent in Georgia. Such transactions outnumbered bank-owned sales in Colorado, Florida, and New York ... Read more



settlement punishes hard work
On Jan. 24, I read that five major banks — Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and Ally Financial — and the U.S. state attorneys general, reached a settlement related to mortgage . The Obama administration has ... Read more



turn up good deals for home buyers
Only the Trenton and Ewing metro area in was higher. RealtyTrac spokesman Daren Blomquist said the largest -related discounts can be found across the river in St. Louis and St. Louis County. On the Missouri side ... Read more



Bank of America’s Home Loans Head to Leave
Desoer, who as head of Bank of America’s home loans division served as a point person for the bank amid fierce criticism of its practices ... off the coasts of Maryland, Virginia, and Delaware. Although the department ... Read more



Home Prices Fell 1.8% in November From Prior Year, FHFA Says
The second- largest drop was 3.7 percent in the area that includes New York and . , which sell at a discount, have depressed prices even as housing demand shows signs of stabilizing. Sales of previously owned U.S. homes ... Read more



Homes Account for 20 Percent of All U.S. Residential Sales in Q3 2011 According to Realt
Pre- sales outnumbered REO sales in several states in the third quarter, including Colorado, Florida, and New York. Pre-, which are often sold via short sale, had an average sales price nationwide of $191,119, a discount ... Read more




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