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News Articles: Key news media articles from the major media reveal major cover-ups. A collection of highly revealing media article summaries with links to the full original articles suggest some news isn’t getting the attention it deserves.
I’ve done some cross-stitch and crewel embroidery in my day, and my mother failed miserably at teaching me to knit (I think she was concerned I might not be able to survive in a zombie apocalypse..
The Consumer Financial protection bureau (cfpb) is reportedly investigating how banks are handling ‘zombie foreclosures’ – homes in foreclosure that have been vacated by the homeowner before foreclosure proceedings have been completed, and thus are in ‘limbo’ – to see if more can be done to address the problem.
The cure to zombie foreclosures (Housing Wire) From 2008 to 2010, 8.7% of foreclosures filed in Cook County, Illinois, were zombie foreclosures, accruing to more than 5,800 zombie properties in the city of Chicago. But this is just the beginning.
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So how does an investor go about purchasing a zombie foreclosure? Prior to purchasing a zombie property/foreclosure, you will need to perform a title search to understand what liens are attached to the property and owner. Some liens can be easily removed, where as state and federal liens are not easily removed.
Richard Cimino named SVP at LRES richard cimino: customer service, technology to keep costs down, and cost management are big priorities in 2015. Lenders have to look at outsourcing vs. doing things in house. You will also see some refinancing because some of the HELOCs are coming due this year. JOEY MCDUFFEE: We’ve seen quite a bit of focus on portals.Former MBA Chairman David Kittle joins ComplianceEase Zillow: Housing recovery slows to steadier pace Fannie, Freddie loans hit series high in national mortgage risk index · Fannie’s and Freddie’s only competitor has been the federal housing administration, which underwrote $245 billion in loans in 2016, up from $59.8 billion in 2007.
The cure to zombie foreclosures | Homeloansgeorgetowntx – Why Do Zombie Foreclosures Happen? There are various reasons why a bank might cancel the foreclosure process. The most common cause of zombie proprieties is the location. These foreclosure homes are in low-income areas and the bank isn’t excited to obtain responsibility of a property in such a neighborhood.
5 Housing Markets Overrun By Zombie Foreclosures Abandoned foreclosures are still an issue in several metropolitan areas as banks and local governments decide whether to cure their ills or kill.