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HUD reversed that decision in February 2013 after intervention from Ohio's U.S. senator Sherrod Brown. [8] Among the houses bought by the Cuyahoga Land Bank is the home of Ariel Castro; as part of his plea deal in court, he was forced to pay $22,000 to the Land Bank, which would acquire the property and tear down the house. [9]
A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender. The United States Department of Housing and Urban Development (HUD), is the insurer of loans made through a variety of government programs, particularly FHA loans .
Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures hit the market and drove down prices nationwide. While foreclosure rates since then have fallen ...
“Even though foreclosures are spiking, it’s not the big deal everyone is making it out to be. We are just reaching a more normal level of foreclosure filings,” said Brian Wittman, ...
You can find a local HUD-approved expert online, or call HUD’s Office of Housing Counseling at (800) 569-4287. If you have an Apple device, ...
In Ohio, the US federal district court for the Northern District of Ohio has dismissed numerous foreclosure actions by lenders because of the inability of the alleged lender to prove that they are the real party in interest. [8] The same happened in a Colorado district court case in June 2008. [9] [10]
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