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The Foreclosure Report: Foreclosures Push Denver Inventory To. – More Foreclosures Than Loans In North Carolina; From Dream To Nightmare In Pennsylvania ‘Everyone Agrees Disclosure Process Broken’ More Foreclosures In New Hampshire: Officials; Defaults News For Florida, Texas, California; Equity A Goal, Not A Guarantee; More States Join In Race To The Bottom ‘Unendurable Strain’ From ARM Resets
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State mulls housing bailout – The wave of Twin Cities foreclosures. ARM delinquencies to rise even more as interest rates start resetting on the loans this year and homeowners suffer payment shock as their monthly payments jump.
EDGAR Pro – Additionally, most of the homeowners that will be affected by the Option Arm resets have been choosing to make the minimum monthly payments resulting in negative amortization, and leaving millions of homeowners with unaffordable mortgages.
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A Look at Foreclosures Costs – mortgagenewsdaily.com – Foreclosures Cost Lenders, Homeowners, the Community Big Bucks. It is obvious that no one is a winner in the foreclosure game. But we wonder if lenders and their real estate agents are not exacerbating the situation for all involved through their property management and marketing policies. A look at that later in the week.