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8 Million More Foreclosures May Be Waiting "The definition of shadow inventory has gotten out of control," says Rick Sharga, senior vice president at RealtyTrac, an online market for distressed homes. As a result, estimates of homes in the shadows vary widely between 2 million and 8 million.
It took two years, but the Florida Bar has finally dropped a doozey of a complaint against former foreclosure king David J. Stern. The 80-page complaint includes 17 counts or charges that Stern.
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How Much is TOO MUCH in your 401(k)? For all of its shortcomings, the traditional retire-at-65 system does have a few cushy benefits in the US. You get low-cost health insurance coverage through Medicare, a reasonable pension through Social Security, and you also get to start taking penalty-free withdrawals from your 401(k) plan.
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NAR: Buyer traffic up 29% from a year ago Too many regulators in the kitchen Waldvogel & Swanson – What Millennials Want in Homeownership Following trends in the rest of the industry, Chase witnessed an increase in millennial homeownership. sapphire customers are Millennials, many of whom are looking to buy their first home now or in.DOJ, FTC and FERC Electric Power Merger Enforcement: Are There Too Many Cooks in the Merger Review Kitchen? Milton A. Marquis* I. INTRODUCTION electric utility mergers in the United States are subject to review notIn February, first-time buyers comprised 29% of sales, which is down from 31% a year ago but unchanged from the prior month. However, NAR holds a bullish stance stating that a solid U.S. economy accompanied with a healthy labor market will help the housing market reap solid gains.GE’s subprime lender WMC Mortgage files for Chapter 11 bankruptcy filing for bankruptcy. Lenders begin foreclosure for 44% and 72% of prime and subprime mortgages, respectively, conditional on homeowners’ filing for bankruptcy. The paper proceeds as follows. In the next section, we examine homeowners’ incentives to default and file for bankruptcy in the context of the U.S. legal environment. We also examine
mortgages facing foreclosure are delinquent an average of 611 days. Once a foreclosure is initiated, Sharga said it can take as long as 400 days to complete. So, he said, a loan entering foreclosure in December 2011 won’t hit the market as an REO until January or February 2013. "Sales volume will be high in 2012,
Housing Wire – "Sharga: Several more years with nearly 1M foreclosures per year" (11-1-11) "The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services."
The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services. Sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure filings across the country.
StoneHill Group hires Stephen Witters as system administrator Sharga: Several more years with nearly 1M foreclosures per year The 3-year project is meant to reduce the phosphorus moving into the watershed by 15,491 lbs. per year and sediment by over 10,000 tons annually, officials say.. nearly $1M grant to battle E.The StoneHill Group has hired.