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Eminent Domain: U.S. Warns Against Seizing Mortgages By Octavio Nuiry, Senior Staff Writer August 19, 2013 The nation’s leading housing finance regulator warned cities and counties last week that using eminent domain to seize underwater mortgages could be unconstitutional. Will Higher Mortgage Rates End The Real Estate Recovery? By Peter Miller, Contributor August 19, 2013 Just like the weatherman who would like to always predict sunny skies, there’s little doubt that everyone in real estate favors falling mortgage rates. U.S. Foreclosure Activity Up 2 Percent in July Boosted by Foreclosure Starts By RealtyTrac Staff August 15, 2013 RealtyTrac® today released its U.S. Foreclosure Market Report™ for July 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 130,888 U.S. properties in July. How To Get Discounts Combining FHA 203(K) Loans & Foreclosures By Peter Miller, Contributor August 12, 2013 Everyone likes a discount but in the world of real estate discounts have become less common. Home prices have risen sharply in the past year but distressed sales continue to be available with significant write-offs. California City Sued Over Eminent Domain Plan By Octavio Nuiry, Senior Staff Writer August 8, 2013 Lenders and bond investors filed a federal lawsuit against the city of Richmond, Calif., on Wednesday to prevent the city from using eminent domain to seize mortgages of distressed residential homeowners. Mapping Prosperity: The New Geography of the ‘Flyover’ States By Octavio Nuiry, Senior Staff Writer August 7, 2013 Detroit is bankrupt. Should Borrowers Fear Deficiency Judgments? By Peter Miller, Contributor August 6, 2013 There’s little doubt that foreclosure, short sale and REO numbers are down. Obama Urges Overhaul of Fannie and Freddie By Octavio Nuiry, Senior Staff Writer August 6, 2013 Almost five years after U.S. taxpayers bailed out Fannie Mae and Freddie Mac, President Barack Obama said Tuesday it is time for private investors to take a bigger role in the housing mortgage market. HAMP Hampered by Re-Defaults By Octavio Nuiry, Senior Staff Writer August 5, 2013 More than one-quarter of the mortgages modified under the Obama administration’s signature homeowner rescue effort have re-defaulted, and re-default rates are rising, according to a recent report. North Las Vegas Approves Eminent Domain Plan By Octavio Nuiry, Senior Staff Writer August 5, 2013 The city of North Las Vegas is desperate to fix its vast foreclosure problem and it approved a plan to use its power of eminent domain to refinance underwater mortgages. Print Email

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