Tuesday, April 14, 2009

Notices of default up but foreclosure sales down in March - San Jose Mercury News

The march from missed mortgage payment to the auction block grew noticeably slower in Santa Clara County last month, as banks filed a record number of default notices but put far fewer homes up for sale. Lenders sent out 1,556 notices of default to ..., more 
and Foreclosure shoppers find bargains, adventure - Atlanta Journal Constitution  Looking for a bargain home in a foreclosure market can be a real adventure, with swarming insects and a strange man at the door. Joyce Cavener, a Realtor with Bottom Line Home in Lawrenceville, and Lila Twiggs, a critical care nurse, allowed an AJC ..., more 
and Meltdown 101: Is there a downside to mortgage aid? - Associated Press  NEW YORK (AP) -- It's welcome relief for homeowners struggling with mortgage payments. The new federal program to let people refinance or modify their mortgages is expected to help millions of Americans lower monthly payments and avoid foreclosure ..., more 

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