Vinnys House of Real Estate

These are the kind of Doom and Gloom articles that smart investors like to see. March 4 (Bloomberg) — More than 8.3 million U.S. mortgage holders owed more on their loans in the fourth quarter than their property was worth as the recession cut home values by $2.4 trillion last year, First American CoreLogic said. [...]

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Citigroup Inc. announced Tuesday a plan to help recently unemployed borrowers who are delinquent on their mortgages stay in their homes. “Thousands” may be eligible to take part in the Homeowner Unemployment Assist program in the next two years, Citigroup said, calling it another way in which it can help people avoid foreclosure. Under the [...]

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