U.S. Foreclosures Jump 57% as Homeowners Walk Away

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 · From Bloomberg: U.S. Foreclosures Jump 57% as Homeowners Walk Away . U.S. foreclosure filings jumped 57 percent and bank repossessions more than doubled in March from a year earlier as adjustable mortgages increased and more owners gave up their homes to lenders.

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Rent-to-own traditionally has been used by buyers with limited means to purchase a home. But the collapse in U.S. housing sales in recent years. If at the end of the rental period the buyer opts to.

U.S. Foreclosures Jump 57% as Homeowners Walk Away (Dan Levy, 4/15/08) "About 2.5 million foreclosed properties will be on the market this year and in 2009, Lehman Brothers Holdings Inc. analysts led by Michelle Meyer said in an April 10 report."

 · U.S. Foreclosures Jump 57% as Homeowners Walk Away The Sky isn’t Falling Everywhere brian mikelbank. bloomberg news3 reported that nationally foreclosure filings in March of 2008 were 57% higher than they were during March of 2007. Yet. 3 "U.S. Foreclosures Jump 57% as Homeowners Walk Away," Dan Levy, Bloomberg.com. April 15, 2008 .

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deleveraging, has raised financial stability concerns for many major national and regional banks. 1. Falling home prices, soaring mortgage defaults and an exorbitant rise in the LIBOR. 2 – the lending rate banks use as a benchmark to loan money – have recently made it impossible for many homeowners to refinance their mortgages to affordable.

Reason #1: The United States incentivizes home ownership In the. Meanwhile, many U.S. states employ “non-recourse” mortgages, which, in the event of a foreclosure, allow the borrower to walk away.

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Bloomberg is reporting U.S. Foreclosures Jump 57% as Homeowners Walk Away. U.S. foreclosure filings jumped 57 percent and bank repossessions more than doubled in March from a year earlier as.

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