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From the monthly archives:

August 2008

Help Available for Ohio Families Facing Foreclosure

by Danny GibsonAugust 29, 2008

As the problem in the housing industry endures, an increasing number of Ohio homeowners face the possibility of losing their homes to foreclosure. The number of foreclosure filings soared by 88 percent since 2006 until the end of 2007. For the present year, it is still uncertain how many more households will be affected but for sure the outlook for the state’s housing market is grim.

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Foreclosure Mess: Is the worst over?

by Mark GoodmanAugust 27, 2008

After tracking home values in many different neighborhoods in the nation, the First American CoreLogic reports that home prices have actually stabilized in over 883 statistical areas. These said areas recorded absolutely no declines for the last two months.

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Is Short Sale the Best Foreclosure Alternative for You?

by Danny GibsonAugust 25, 2008

At the center of the foreclosure crisis, you will find millions of homeowners facing foreclosure. In most cases, these homeowners have little or no equity left in their homes, making it impossible for them to sell their homes to pay off their mortgage debt or refinance. For these reasons, a short sale option is usually [...]

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Top 10 States with Highest Foreclosure Rate

by Danny GibsonAugust 22, 2008

Based on the recently released data from Foreclosure-Support, the top ten states with the highest foreclosure rate for the month of July are the following:

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Detroit Foreclosure Home Sold for $1!

by Anthony ParkerAugust 20, 2008

If you are in the market for a really affordable home, you should check out repossessed properties in Detroit. Foreclosure homes sold in this region have asking prices for as low as $1!

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Median Prices of US Homes Fall in 2nd Quarter

by Mark GoodmanAugust 15, 2008

According to the latest data gathered by the National Association of Realtors, median prices of homes in the country have declined by 7.6 percent in the second quarter. There were at least 75 percent of cities in the United States, which were affected.

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Foreclosure Prevention: Scrutinizing Finances

by Mark GoodmanAugust 14, 2008

The foreclosure crisis is one of the most talked about issues today. Losing your home to foreclosure is probably the worst nightmare for homeowners. For this reason, you should make sure that you are doing everything to avoid such unfortunate situation.

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Foreclosure Buying: The Importance of Mortgage Pre-Approval

by Robert ShultzAugust 13, 2008

With market conditions clearly favoring buyers over sellers, it is not surprising that you would like to take a share of the pie and purchase a foreclosure property for its good return potential. However, it is important for you to get pre-approved for a mortgage loan first before you start shopping for one of these distressed properties

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Be Cautious of Foreclosure Scams

by Mark GoodmanAugust 12, 2008

It is a known fact that the foreclosure crisis experienced nationwide has resulted to the millions of homeowners having trouble with their mortgage payments. Sadly, the current mess in the mortgage industry has also given rise to an increase in foreclosure-related scams committed by con artists.

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New Foreclosure Legislation Signed by New York Governor

by Anthony ParkerAugust 11, 2008

In a situation where time is of the essence, it is indeed a great relief for troubled New York borrowers to know that there is a new law that gives them an extra 90 days to find a solution to their mortgage problems and hopefully, avoid losing their homes to foreclosure.

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