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The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...
24/7 Wall St. took a look at the 10 banks foreclosing on the most homes. They found that these banks often don't own the mortgages on the foreclosures themselves -- they are servicing them on ...
On December 6, 2011, Occupy Our Homes, an offshoot of Occupy Wall Street, said it was embarking on a "National Day of Action" to protest the mistreatment of homeowners by big banks, who they say made billions of dollars off of the housing bubble by offering predatory loans and indulging in practices that took advantage of consumers.
It has one of the longest encampments in the country with protestors camping by the Federal Reserve Bank of Kansas City since September 28, 2011. [164] During this period the temporary 65 foot high IOU/USA Sculpture was erected in Penn Valley Park opposite the reserve headquarters at 1 Memorial Drive. On one side was a sign proclaiming "IOU ...
Julia Marnin. November 18, 2022 at 2:45 PM. A woman had no idea her home — which she had owned outright and lived in for 12 years — was foreclosed on and sold to the highest bidder in North ...
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
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