It’s what all home owners have been waiting to hear: Home prices are finally on the mend, with several recent reports indicating prices are inching up nationwide.
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New-home sales are seeing a hiccup on the road to recovery, with sales in June falling 8.4 percent, the largest drop since February 2011.
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The National Lieutenant Governors Association is calling on President Obama and Congress to act “with a sense of urgency to address the nation’s housing crisis.”
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Second-lien holders are being blamed on derailing many short sale transactions. Proposed legislation hopes to change that.
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Do you know any home owners who feel they’ve been wrongly foreclosed on by their lender? They now have until Sept. 30, 2012 to request a free review of their case.
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Mortgages at least 30 days past due climbed 3.4 percent in June to 7.14 percent, but remained 7.3 percent below June 2011 levels, according to a report from Lender Processing Services. See which states have the highest and lowest percentage of non-current loans.
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