Page 3 - Foreclosure Activity News Today

Really seriously negotiate. so weve seen this kind of thing before where the urgency of a deadline seems to bring people together. thats what were watching. but at the moment, pretty glum, chris. >> kelly odonnell, thank you. theres a new snapshot of the housing market this morning, and it shows foreclosure activity is picking up again, hitting a seven-month high, up 7% between september and october. the republican hopefuls tackled the housing market in last nights cnbc/nbc debate, blaming the...

That you are filing on behalf of the servicer to foreclose on those documents. now, youre right, there are both criminal and civil implications involved if you do not follow the law. thats all were asking, is to make sure you just follow the law and file the appropriate documents that are required. >> but at the same time, if youve seen a significant falloff in foreclosure activity after the law went into effect, does it not suggest -- and its speculative on my part -- that there was still robo ...

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Increase in the past 6 months and economistings caution a big reason for the spike, people are buying foreclosed homes and you know the home sale record in 2010 was as bad as we had seen it in 37 years. >> a new report showing the housing crisis is spreading, realtytrac finding foreclosures increased in 3/4 of american cities, among the largest cities, houston, seattle an atlanta and the biggest spike from 2009 and expects foreclosure activity, this year, to out pace last year levels ja the kind...

And high unemployment is the main driver of rising foreclosures. eric bolling joins me from follow the money" on the fox business network. >> reporter: there is good news. you saw the numbers. houston, seattle, atlanta, chicago. massive increases in foreclosure activity it went from high prices and easy loans to job loss. so they are foreclosing. we plea dictd this. -- we predicted the first two quarters would be the worst. it will continue for the next few months. but silver lining is when you ...

Homes. foreclosure activity jumped in 149 of the couldnts largest metropolitan areas last year. realty track says its highs in florida, nevada and arizona. inches there are noo congressional projections that show social securitys finances are getting worse. the program is expected to run a deficit every single year until the trust fund is completely drained they project by the year 2037. the house voted to dismantle the watergate era law that set up public financing of presidential candidate...

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This -- realtytrac. activity during the first half of this year. las vegas still the worse with lenders sending foreclosure-related notices to one of every 15 households. take a look at the other areas with the most foreclosure activity. you can see the pattern here. the worst areas still concentrated in california. and florida. its hard to pay your mortgage if you are not earning any money. tonight, some mixed news on jobs. it appears fewer people lost them last week. the labor department repor...

And a startling one in four mortgages in this country are under water, meaning that those homeowners owe more than the home is actually worth. now, this means that foreclosures will continue to weigh on lenders and borrowers alike. this map shows the hardest-hit areas of the country. nevada now seeing 70% of all mortgaged properties under water. >> thats just unreal, those statistics. the mortgage meltdown started this mess. are we right back where we began? don peebles is with the peebles organ...

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