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The 17-room house next door to his home in a ritzy neighborhood on the city's south side is on the market. It doesn't have a price tag yet, but the listing agent expects the "Obama factor" to play a role.
The Vangelakos' southwest Florida condominium has marble floors, a large pool overlooking a river and modern furnishings that speak of affluence and luxury. What they don't have in the 32-story building is a single neighbor.
South Carolina's highest court on Tuesday temporarily stopped thousands of pending foreclosure sales in the state to give homeowners more time to take advantage of a new federal program to help them refinance mortgages.
TIME Magazine Prize-Winning Photos: The Housing Crisis
Regardless of what happens nationally, then, the risks associated with buying a home in these markets will increase for a long time to come. Top 5 Riskiest Places for U.S. Homeowners... See more irresistible headlines
President Barack Obama on Monday offered a fresh package of aid to small businesses — "the heart of the American economy" — in an aggressive push to get big banks that got federal bailout money to do more lending to these struggling entrepreneurs. "You deserve a chance.
The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.
...Fewer walking away than you think Almost 20% of homeowners - or 8.3 million people - are "underwater" on their mortgages, owing more than their properties are worth. Another 2.2 million are near that drowning point, known as "negative amortization."
(Video) Scams promising foreclosure rescue hit homeowners Hud Warns About Foreclosure 'Rescue' Scams See more irresistible headlines
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