Tag Archive | "foreclosure"

Straightening Out the MERS Mess

Thursday, September 23, 2010

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Could 62 million homeowners be secure from the threat of  foreclosure because their mortgages are held by an industry-run electronic mortgage registry that a California bankruptcy court recently ruled cannot be used to establish ownership of the loans?

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The Economics of Foreclosure

Tuesday, March 17, 2009

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The Obama foreclosure mitigation plan offers hope for the future but the present foreclosure situation illustrates the magnitude of the problem it faces. Foreclosure filings in February were 290,000, up 6 percent from a month earlier and up nearly 30 percent from a year earlier. With the economy contracting and shedding a large number of jobs on a monthly basis, it is likely that the grim foreclosure situation will continue throughout the remaining months of this year

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