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  1. Property - International - UNITED STATES

    US foreclosure crisis eases on revival in job market

    Posted Aug 13th 2014, 05:05am by Bloomberg

    ... Bloomberg in Boston Share of serious mortgage delinquencies falls to the lowest in six years while home prices rise Foreclosure crisis eases on revival in job market The share of United ... for others to sell. Mortgages that were more than 90 days behind or in the foreclosure process dropped to 4.8 per cent of loans in the second quarter from 5.9 per cent a year earlier, the Mortgage ...

  2. Property - International - UNITED STATES

    Fewer foreclosures as US property market continues to improve

    Posted Sep 04th 2013, 12:00am by Reuters

    ... Reuters Fewer foreclosures as market pick-up continues There were fewer US foreclosures in July than a year ago, while properties in the foreclosure pipeline also fell as the housing market continued to improve, according to CoreLogic data. There were 49,000 completed foreclosures, down from a 65,000 in July of last year, CoreLogic said. There were 53,000 foreclosures ...

  3. Property - International

    US foreclosures fall to lowest quarterly level since 2007

    Posted Apr 16th 2014, 05:39am by Reuters

    ... Reuters Foreclosure trend falls as US recovery begins There are signs that the United States' housing market is getting back on its feet- aided by rising home prices, steady job growth and fewer troubled loans. The improvement was reflected in data showing home foreclosure filings in the country fell 23 per cent last month compared with the year before. This helped ...

  4. Property - International - UNITED STATES

    Foreclosures surge in Baltimore, symbol of the US housing crash

    Posted Aug 21st 2013, 12:00am by BLOOM

    ... Bloomberg Baltimore foreclosures surge as legal logjam lifted Foreclosures are surging again in Baltimore, which became a symbol of the US housing crash when the city's desolate blocks of abandoned terrace homes served as a backdrop for the HBO TV series The Wire. Maryland's biggest city saw foreclosures almost triple in July from a year earlier to 2,073, ...

  5. Business - Banking & Finance - REGULATION

    New York sues HSBC for breaking foreclosure law

    Posted Jun 05th 2013, 12:00am by KANIS LI AND BLOOMBERG

    ... Kanis Li and Bloomberg State legal chief says bank giant failed to file paperwork to allow homeowners to settle loans New York sues HSBC for breaking foreclosure law New York attorney general Eric Schneiderman yesterday filed a suit against HSBC Holdings, accusing the bank of breaking state foreclosure law and putting homeowners at greater risk of losing their homes. A state ...

  6. Property - International - NORTHERN IRELAND

    Mortgage foreclosures surge in Northern Ireland

    Posted Jun 05th 2013, 12:00am by BLOOM

    ... that was designed to replace violence with prosperity, but Northern Ireland's financial troubles are deepening. Foreclosure demands by mortgage lenders are rising at the fastest rate in the United ... overstretched themselves. More and more people will find difficulty paying their mortgage." While court judgments on foreclosures do not automatically lead to homes being seized, they grant ...

  7. News - World - UNITED STATES

    US government freezes home foreclosures for victims of Sandy

    Posted Nov 07th 2012, 12:00am by Reuters in Washington

    ... Reuters in Washington The US government is also seeking hotels and motels to house tens of thousands of people Freeze on home foreclosures in storm-hit areas The US government said it had ordered the suspension of some housing foreclosures in areas hit by Hurricane Sandy and would help find hotels and motels to temporarily house some 34,000 people displaced by the storm. "We ...

  8. Strategy puts US buyers at risk

    Posted Apr 20th 2005, 12:00am by Markus Gaertner

    ... Markus Gaertner Foreclosures are rising as a third of the nation's owners who took out interest-only loans feel the pinch The buy-now-pay-later strategy of millions of American ... are slowing and price appreciation is becoming stagnant. In Ohio, which lost more jobs than any other US state since 2000, the number of foreclosures shot up by 51 per cent last month, according ...

  9. News - World

    Ferguson protests highlight growing US suburban underclass

    Posted Aug 19th 2014, 12:24am by BLOOM

    ... in Evanston, Illinois. The surge of recent foreclosures spurred the upward trend, while urban gentrification displaced poor people to the suburban fringe, he said. There was "more risk" ...

  10. Foreclosed homes sell swiftly as prices rise

    Posted Nov 05th 2003, 12:00am by Peggy Sito

    ... With home prices rising steadily since late August, prospective buyers are looking to foreclosure sales as a way to land homes at below-market prices. Sales of foreclosed homes soared to about 600 ... a foreclosure will usually get you a discount to market price,' said Desmond Poon Chi-ming, associate director of Chartersince Surveyors, which auctions foreclosed properties. 'As lending ...




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