Real Estate

Some Struggling Homeowners Making Mortgage Payments By Turning Homes Into Billboards

February 13, 2012
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Some Struggling Homeowners Making Mortgage Payments By Turning Homes Into Billboards

Yep, you read the headline right. A company called Brainiacs From Mars is paying homeowners to turn the outside of their houses into billboards for the marketing company. Reuters News discovered the story in Los Angeles were they found a couple that is being paid $2,000 a month for the use of their home...

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History Of Mortgage “Assistance” Bodes Ill For $25 Billion Bank Settlement

February 10, 2012
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History Of Mortgage “Assistance” Bodes Ill For $25 Billion Bank Settlement

by Paul Kiel Yesterday, administration officials stood alongside state attorneys general to announce a $25 billion mortgage settlement. It was reminiscent of a big announcement by administration officials three Februarys ago involving an even bigger number: $50 billion. That money was supposed to go to the administration’s signature mortgage modification program, which eventually became...

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$25 Billion Mortgage Settlement Appears As More Hype Than Help

February 10, 2012
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$25 Billion Mortgage Settlement Appears As More Hype Than Help

We all hope the $25 billion settlement between the Obama administration, state Attorneys General and five major banks will actually help deserving homeowners and improve our devastated housing market. But from what I have seen so far, the settlement will do very little to help the housing market. It will benefit the banks who...

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Connecticut Homeowners To Receive $190 Million As Part Of Bank Foreclosure Settlement

February 9, 2012
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Connecticut Homeowners To Receive $190 Million As Part Of Bank Foreclosure Settlement

We have little details on exactly who will or who won’t receive part of the the $25 billion federal-multistate settlement with the nation’s five largest mortgage servicers, but Connecticut Attorney General George Jepsen said he estimates Ct’s share is $190 million. According to Jepsen, , a member of the negotiating team: Connecticut borrowers will...

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