According to RealtyTrac Inc., the Charlotte metropolitan area experienced a 43.9 percent jump in residential foreclosures in the third-quarter when compared to the same period last year. In the third quarter of 2010, some 4,956 homes in the Charlotte-Gastonia-Concord region were reportedly in the foreclosure process, making the Charlotte metro area the 73rd in the
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Florida Attorney General Bill McCollum today announced a multi state agreement with Wells Fargo Bank over allegations of deceptive marketing practices of adjustable rate mortgage loans (POA’s) made by its subsidiaries, Wachovia Corporation and Golden West Corporation. Under the settlement agreement, Wells Fargo has agreed to offer loan modifications to 8,700 borrowers in eight states,
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Through a News Release issued on October 6, 2010, N.C. Attorney General Roy Cooper announced that he is calling on 14 mortgage lenders to suspend foreclosures in North Carolina until they can show that their affidavit procedures have been reviewed and are in compliance with the law.
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On October 4, 2010 Realty Trac reported that “Florida foreclosure activity decreased, year-over-year, for the fifth straight month in August, but the state’s foreclosure rate still ranked second highest among all states.” This August, The number of Florida housing units receiving a foreclosure filing went up 10 percent when compared to July, accounting for nearly
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According to an ongoing online survey by the South Florida Business Journal, nearly half of participants were “experiencing foreclosure or knew of a neighbor or someone on their block facing that situation.”
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