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Bank of America offering up to $30,000 for short sales
Seeded on Wed May 16, 2012 11:36 AM EDT (CNN)
Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Under the plan, Bank of America (BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,5 …
$500,000 in stolen pathology equipment may have hazardous materials
Seeded on Tue May 15, 2012 1:41 PM EDT (The Orlando Sentinel)
Whoever stole some discarded equipment from outside a pathology lab may have gotten more than he or she bargained for. Orlando police say the equipment, worth about $500,000, is contaminated with a substance that could eat away at human skin. A pickup hauling a trailer pulled …
Florida Supreme Court hears landmark foreclosure suit
Seeded on Tue May 15, 2012 1:29 PM EDT (Reuters)
The Florida Supreme Court heard arguments on Thursday in a landmark lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial penalties in the state where they face the bulk of their foreclosure-fraud litigation.
Homeownership rate falls to 15-year low
Seeded on Wed May 2, 2012 2:46 PM EDT (CNN)
Homeownership in the U.S. fell to its lowest rate in 15 years during the first quarter as more delinquent borrowers lost their homes to foreclosure, forcing many to rent. The percentage of Americans who own their homes dropped a full percentage point over the past 12 months …
Analysis: U.S. mortgage funds emerge even as housing stays weak
Seeded on Wed May 2, 2012 2:07 PM EDT (Reuters)
The U.S. housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street.
Whistle-Blower Lynn Szymoniak Beats the Banks
Seeded on Thu Mar 22, 2012 7:26 PM EDT (Business Week)
Attorney Lynn Szymoniak had spent her career investigating insurance fraud when Deutsche Bank (DB) moved to foreclose on her Florida home in 2008. Almost four years later, she’s still fighting the foreclosure. Yet the fraud by numerous banks she uncovered after combing th …
'Whistleblower' Says Mortgage Securitization Still an Issue for U.S. Homeowners
Seeded on Wed Mar 21, 2012 4:28 PM EDT (ABC News)
Lan Pham, an economist fired by the Congressional Budget Office two years ago, is still asking whether the watchdog agency appeared to "diminish or deny" the problem of foreclosure fraud while providing analysis to Congress. As lawmakers enter budget season in Washington D.C. …
Critics want housing finance chief out - Economy
Seeded on Fri Mar 16, 2012 12:01 PM EDT (CNN)
The chorus is getting louder. A growing number of community groups and politicians are calling for the ouster of Ed DeMarco, the chief regulator of Fannie Mae and Freddie Mac.
Houston Teen Killed at 'Project X' Inspired Party
Seeded on Thu Mar 15, 2012 1:11 PM EDT (Yahoo!)
A spring break rave in a Houston mansion that was meant to emulate a movie turned deadly early Wednesday morning after several attendees fired guns, killing one person as police tried to break up the party. The unidentified male victim suffered multiple gunshot wounds an …
Mortgage Rates for 30-Year U.S. Loans Fall to Record-Low 3.87% - Businessweek
Seeded on Thu Feb 2, 2012 11:32 AM EST (Business Week)
Rates for 30-year U.S.
5 New Uses For Baby Powder
Seeded on Tue Jan 31, 2012 6:30 PM EST ()
Baby powder can go far beyond bathtime. This product has a host of other uses...mostly in the realm of de-stinking anything that comes to mind. Here are my favorite other uses for baby powder.
71% Say Housing Market Will Take At Least Three Years To Recover
Seeded on Thu Dec 1, 2011 1:18 PM EST ()
Americans continue to share gloomy assessments of the housing and stock markets, and half continue to believe another 1930s-like Depression is possible in the near future. The latest Rasmussen Reports national telephone survey finds that 71% of American Adults now believe it …
Housing Prices Continue Decline, Index Shows
Seeded on Tue Nov 29, 2011 11:19 AM EST (The New York Times)
American home prices fell in most major cities in September after posting small gains over the summer and spring, the latest evidence that the troubled housing market won’t recover any time soon. The Standard & Poor’s Case-Shiller index released Tuesday showed …
Foreclosure Crisis: Doubts Over Effectiveness Of Free, Independent Reviews
Seeded on Wed Nov 23, 2011 12:15 PM EST (The Huffington Post)
The Office of the Comptroller of the Currency issued a report Tuesday naming the independent auditors who they've assigned to review the files of Americans who may have been mistreated during recent foreclosure proceedings.
Drop in US borrowers behind on mortgages
Seeded on Mon Nov 21, 2011 11:41 AM EST (FT.com)
The share of US borrowers behind on their mortgage payments fell last quarter to its lowest third-quarter level since 2008, providing evidence of the housing market’s slow recovery. About 8.2 per cent of borrowers were at least one month behind on their obligations, a d …
Bottom Line - New foreclosures begin to pick up pace
Seeded on Thu Nov 17, 2011 2:47 PM EST (msnbc.com)
The pace of new home foreclosures edged up again in the third quarter even as the number of borrowers falling behind on their payment eased a bit, according to the latest industry data released Thursday.
Teenager Owes $600,000 in Mortgage Loans After ID Theft
Seeded on Mon Oct 24, 2011 12:06 PM EDT (AOL)
Seventeen-year-old Scottsdale, Ariz., resident Caitlin "Caitie" Hemmerle is up to her eyeballs in debt, including owing $600,000 in mortgage loans and another $100,000 in car loans and credit cards. How did this happen? Easy.
Half Of Prime Mortgage Borrowers May End Up Underwater: Report
Seeded on Tue Oct 11, 2011 3:51 PM EDT (The Huffington Post)
Half of borrowers with prime loans -- or loans made to borrowers with good credit and income -- will likely end up underwater anyway, according to a recent report. Already more than one-third of prime mortgage loan borrowers are underwater or owe more on their homes than they' …
Fannie Mae ignored foreclosure abuses
Seeded on Thu Oct 6, 2011 5:25 PM EDT (CNN)
Fannie Mae (FNMA, Fortune 500), the government-controlled mortgage giant, ignored indications that attorneys it hired to handle defaults were abusing the foreclosure process, according to a report from the inspector general for the Federal Housing Finance Agency (FHFA), the a …
Crazy ants invading US Gulf coast region
Seeded on Mon Oct 3, 2011 5:50 PM EDT (Christian Science Monitor)
It sounds like a horror movie: Biting ants invade by the millions. A camper's metal walls bulge from the pressure of ants nesting behind them. A circle of poison stops them for only a day, and then a fresh horde shows up, bringing babies.
US home prices record 4.1% annual fall
Seeded on Tue Sep 27, 2011 12:32 PM EDT (FT.com)
Separate figures showed consumer confidence remained low, as Americans worried about the job market and their incomes amid a turbulent political environment and stalling economy.
Falling solar panel prices drove 41 percent growth in U.S. solar - Business - Ecoseed Information Network
Seeded on Wed Sep 14, 2011 3:32 PM EDT (EcoSeed)
While rapidly falling solar panel prices have hurt sales and profits of most solar companies in the United States - with some even driven to bankruptcy - a new report from Solarbuzz found that it has actually led to a sharp increase in the number of planned large-scale solar p …
Pinnacle Group Settles N.Y. Tenants' Harassment Suit
Seeded on Wed Sep 7, 2011 1:18 PM EDT (The New York Times)
A settlement has been reached between a large New York City landlord and its rent-regulated tenants, who claimed in a class-action lawsuit that they had been subjected to harassment, unlawful rent increases and aggressive eviction attempts during the real estate boom. Under the …
Bank stocks falter on mortgage and job woes
Seeded on Fri Sep 2, 2011 1:24 PM EDT (CNN)
Bank stocks sank Friday amid reports that federal housing authorities were planning to sue several financial institutions for allegedly misrepresenting the value of mortgage-backed securities. The retreat came amidst a broad sell-off on Wall Street driven by a weaker-than-expec …
Tying Health Problems to Rise in Home Foreclosures
Seeded on Wed Aug 31, 2011 5:48 PM EDT (Wall Street Journal)
The threat of losing your home is stressful enough to make you ill, it stands to reason.
Recent Votes
Bank of America offering up to $30,000 for short sales Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Under the plan, Bank of America (BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,5 …
- $500,000 in stolen pathology equipment may have hazardous materials
Whoever stole some discarded equipment from outside a pathology lab may have gotten more than he or she bargained for. Orlando police say the equipment, worth about $500,000, is contaminated with a substance that could eat away at human skin. A pickup hauling a trailer pulled …
- Florida Supreme Court hears landmark foreclosure suit
The Florida Supreme Court heard arguments on Thursday in a landmark lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial penalties in the state where they face the bulk of their foreclosure-fraud litigation.
Warmer weather pushes Home Depot 1Q profit up
Home Depot said Tuesday that its first-quarter net income climbed nearly 28 percent as unseasonably warm winter and increased business from contractors and other professional customers boosted results at the world's biggest home-improvement company.
- Homeownership rate falls to 15-year low
Homeownership in the U.S. fell to its lowest rate in 15 years during the first quarter as more delinquent borrowers lost their homes to foreclosure, forcing many to rent. The percentage of Americans who own their homes dropped a full percentage point over the past 12 months …
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Jaime Carrion
Member Since: 6/2011Last Seen: 5/16/2012
Jaime is a dedicated REALTOR® who takes great pride in the service he provides to his clients. He has developed strong organizational skills to ma …
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