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Banking regulators say more than half of homeowners who modified loans are in default again
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Big banks step up efforts to modify mortgages
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Banking regulators say more than half of homeowners who modified loans are in default again

By Alan Zibel, AP Real Estate Writer

www.SellMyHouse.com

WASHINGTON (AP) -- More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said Monday.

The new data raise questions about whether government money may be better spent on creating jobs, rather than averting... Read More
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The Time is Now for Real Estate by Rich Levin

The Time is Now for Real Estate
By: Rich Levin

“This is the type of Real Estate market that two years from now everybody is going to say, “I wish I had bought then.” All the factors are lining up for the next six to twelve months to be that year. Let’s look at those factors.

Financing

Interest rates are dropping below 6% on residential mortgage loans. Rates are seldom that... Read More

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